I-3 - Taxation Act

Section 586 Disposition versions

2006-03-01

586. The rule set forth in section 585 applies, with the necessary modifications, for the purposes of computing, at any time in a taxation year, the adjusted cost base, to a foreign affiliate of a person resident in Canada, of a share of the capital stock of another foreign affiliate of such person, as if the expression “as is deductible” read “as, if it were resident in Canada, would be deductible”.

1972, c. 23, s. 450; 1975, c. 22, s. 159; 1995, c. 63, s. 261.