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I-3 - Taxation Act

Section 597.0.7
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597.0.7. Where a person or partnership contributes at any time restricted property to a trust, the amount of the contribution at that time is deemed, for the purposes of this chapter, to be equal to the greater of
(a)  the amount, determined without reference to this section, of the contribution at that time; and
(b)  the amount that is the greatest fair market value of the restricted property, or property substituted for it, in the period that begins immediately after that time and ends at the end of the third calendar year that ends after that time.
2015, c. 36, s. 29.
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