Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 238
Disposition versions

Full text
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed to have occurred under section 242, as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph a or c of section 785.5 or any of sections 832.1, 851.22.0.4, 851.22.15, 851.22.23 to 851.22.31, 861, 862 and 999.1;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a taxpayer that was subject to a loss restriction event within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income;
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies; or
(g)  a disposition referred to in section 979.39 or 979.40.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80; 2010, c. 25, s. 24; 2015, c. 21, s. 146; 2015, c. 36, s. 14; 2017, c. 1, s. 106; 2020, c. 16, s. 50.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed to have occurred under section 242, as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph a or c of section 785.5 or any of sections 832.1, 851.22.15, 851.22.23 to 851.22.31, 861, 862 and 999.1;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a taxpayer that was subject to a loss restriction event within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income;
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies; or
(g)  a disposition referred to in section 979.39 or 979.40.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80; 2010, c. 25, s. 24; 2015, c. 21, s. 146; 2015, c. 36, s. 14; 2017, c. 1, s. 106.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed to have occurred under section 242, as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph a or c of section 785.5 or any of sections 832.1, 851.22.15, 851.22.23 to 851.22.31, 861, 862 and 999.1;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a corporation the control of which was acquired by a person or group of persons within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income;
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies; or
(g)  a disposition referred to in section 979.39 or 979.40.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80; 2010, c. 25, s. 24; 2015, c. 21, s. 146; 2015, c. 36, s. 14.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed under section 242 as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph f of section 785.5 or any of sections 832.1, 851.22.15, 851.22.23 to 851.22.31, 861, 862 and 999.1 to have been made;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a corporation the control of which was acquired by a person or group of persons within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income;
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies; or
(g)  a disposition referred to in section 979.39 or 979.40.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80; 2010, c. 25, s. 24; 2015, c. 21, s. 146.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed under section 242 as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph f of section 785.5 or any of sections 832.1, 851.22.15, 851.22.23 to 851.22.31, 861, 862 and 999.1 to have been made;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a corporation the control of which was acquired by a person or group of persons within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income; or
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80; 2010, c. 25, s. 24.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed under section 242 as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph f of section 785.5, section 832.1 or 851.22.15, paragraph b of section 851.22.23 or section 861, 862 or 999.1 to have been made;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a corporation the control of which was acquired by a person or group of persons within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income; or
(f)  a disposition to which section 238.1 or the second paragraph of section 424 applies.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45; 2009, c. 5, s. 80.
238. Section 237 does not apply where the disposition is
(a)  a disposition deemed under section 242 as it read before 1 January 1993, any of sections 281, 283, 299 to 300, 436, 440, 444, 450, 450.6 and 653, Chapter I of Title I.1 of Book VI, paragraph f of section 785.5, section 832.1 or 851.22.15, paragraph b of section 851.22.23 or section 861, 862 or 999.1 to have been made;
(b)  the expiry of an option;
(c)  a disposition referred to in section 264.0.1;
(d)  a disposition by a corporation the control of which was acquired by a person or group of persons within 30 days after the time of disposition;
(e)  a disposition by a person that, within 30 days after the time of disposition, became or ceased to be exempt from tax under this Part on its taxable income; or
(f)  a disposition to which section 238.1 or subsections 2 and 3 of section 424 apply.
1972, c. 23, s. 224; 1975, c. 22, s. 39; 1984, c. 15, s. 56; 1985, c. 25, s. 40; 1987, c. 67, s. 58; 1995, c. 49, s. 58; 1996, c. 39, s. 64; 2000, c. 5, s. 63; 2004, c. 8, s. 45.
© Gouvernement du Québec