I-3 - Taxation Act

Section 710.0.2 Disposition versions

2012-05-09

710.0.2. For the purpose of applying subparagraph ii of paragraph c of section 422 and sections 710 to 716.0.11 in respect of a gift made by a taxpayer and referred to in paragraph c of section 710, the fair market value of the gift at the time the gift was made or, for the purposes of section 716, the fair market value otherwise determined of the gift at that time and, subject to section 716, the taxpayer’s proceeds of disposition of the property that is the subject of the gift, are deemed to be the amount determined by the Minister of Sustainable Development, Environment and Parks to be

(a)  where the subject of the gift is land, the fair market value of the gift; or

(b)  where the subject of the gift is a servitude referred to in paragraph b or d of section 710.0.1, the greater of its fair market value otherwise determined and the amount by which the fair market value of the land encumbered by the servitude has been reduced as a result of the making of the gift of the servitude.

1999, c. 83, s. 64; 2003, c. 2, s. 187; 2003, c. 9, s. 45; 2006, c. 3, s. 35; 2012, c. 8, s. 61.

2006-04-19

710.0.2. For the purpose of applying subparagraph ii of paragraph c of section 422 and sections 710 to 716.0.3 in respect of a gift made by a taxpayer and referred to in paragraph c of section 710, the fair market value of the gift at the time the gift was made or, for the purposes of section 716, the fair market value otherwise determined of the gift at that time and, subject to section 716, the taxpayer’s proceeds of disposition of the property that is the subject of the gift, are deemed to be the amount determined by the Minister of Sustainable Development, Environment and Parks to be

(a)  where the subject of the gift is land, the fair market value of the gift; or

(b)  where the subject of the gift is a servitude referred to in paragraph b or d of section 710.0.1, the greater of its fair market value otherwise determined and the amount by which the fair market value of the land encumbered by the servitude has been reduced as a result of the making of the gift of the servitude.

1999, c. 83, s. 64; 2003, c. 2, s. 187; 2003, c. 9, s. 45; 2006, c. 3, s. 35.

2006-03-01

710.0.2. For the purpose of applying subparagraph ii of paragraph c of section 422 and sections 710 to 716.0.3 in respect of a gift made by a taxpayer and referred to in paragraph c of section 710, the fair market value of the gift at the time the gift was made or, for the purposes of section 716, the fair market value otherwise determined of the gift at that time and, subject to section 716, the taxpayer’s proceeds of disposition of the property that is the subject of the gift, are deemed to be the amount determined by the Minister of the Environment to be

(a)  where the subject of the gift is land, the fair market value of the gift; or

(b)  where the subject of the gift is a servitude referred to in paragraph b or d of section 710.0.1, the greater of its fair market value otherwise determined and the amount by which the fair market value of the land encumbered by the servitude has been reduced as a result of the making of the gift of the servitude.

1999, c. 83, s. 64; 2003, c. 2, s. 187; 2003, c. 9, s. 45.