I-3 - Taxation Act

Section 280.9 Disposition versions

2006-03-01

280.9. For the purposes of this division, a share of the capital stock of a corporation, acquired by an individual from a person who was the individual’s former spouse as a consequence of the settlement of rights arising out of their marriage, is deemed to be a share that was acquired by the individual at the time it was acquired by that person and owned by the individual throughout the period that it was owned by that person if the share was an eligible small business corporation share and section 454 applied to the individual in respect of the share.

2003, c. 2, s. 99.