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 668.7
Disposition versions
668.7. (Repealed).
668.7. Where a taxpayer is deemed by section 668.5 to have realized capital gains from the disposition of capital property in a taxation year of the taxpayer in respect of dispositions of property by a trust of which the taxpayer is a beneficiary, the following rules apply:
(a) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer includes 27 February 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year and before 28 February 2000;
(b) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended before 18 October 2000, 9/8 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(c) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended after 17 October 2000, 9/8 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year and before 18 October 2000;
(d) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 17 October 2000, 3/2 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(e) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 18 October 2000, and the taxation year of the taxpayer began after 17 October 2000, 4/3 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(f) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 18 October 2000, and the taxation year of the taxpayer includes 28 February 2000 and 17 October 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year and in the period that began after 27 February 2000 and ended before 18 October 2000;
(f.1) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 17 October 2000, and the taxation year of the taxpayer began after 27 February 2000 and ended after 17 October 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year and in the period that began after 27 February 2000 and ended before 18 October 2000;
(g) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 17 October 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended before 18 October 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year; and
(h) in any other case, the deemed gains are deemed to be capital gains of the taxpayer from the disposition of capital property by the taxpayer in the year and after 17 October 2000.
668.7. Where a taxpayer is deemed by section 668.5 to have realized capital gains from the disposition of capital property in a taxation year of the taxpayer in respect of dispositions of property by a trust of which the taxpayer is a beneficiary, the following rules apply:
(a) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer includes 27 February 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year and before 28 February 2000;
(b) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended before 18 October 2000, 9/8 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(c) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended after 17 October 2000, 9/8 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year and before 18 October 2000;
(d) if the deemed gains are in respect of capital gains of the trust from dispositions of property before 28 February 2000 and the taxation year of the taxpayer began after 17 October 2000, 3/2 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(e) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 18 October 2000, and the taxation year of the taxpayer began after 17 October 2000, 4/3 of the deemed gains is deemed to be a capital gain of the taxpayer from the disposition by the taxpayer of capital property in the year;
(f) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 18 October 2000, and the taxation year of the taxpayer includes 28 February 2000 and 17 October 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year and in the period that began after 27 February 2000 and ended before 18 October 2000;
(g) if the deemed gains are in respect of capital gains of the trust from dispositions of property after 27 February 2000 but before 17 October 2000 and the taxation year of the taxpayer began after 27 February 2000 and ended before 17 October 2000, the deemed gains are deemed to be capital gains of the taxpayer from the disposition by the taxpayer of capital property in the year; and
(h) in any other case, the deemed gains are deemed to be capital gains of the taxpayer from the disposition of capital property by the taxpayer in the year and after 17 October 2000.
