I-3 - Taxation Act

Section 725.4 Disposition versions

2006-03-01

725.4. A taxpayer may deduct an amount equal to 1/2 of the amount the taxpayer has included under paragraph b of section 218 in computing the taxpayer’s income for the year in respect of a share received after 22 May 1985, unless the amount is exempt from income tax in Québec or Canada because of a provision contained in a tax agreement with a country other than Canada.

1987, c. 67, s. 141; 1988, c. 18, s. 123; 1990, c. 59, s. 253; 2001, c. 53, s. 96; 2003, c. 2, s. 198.