I-3 - Taxation Act

Section 766.7.2 Disposition versions

2015-10-21

766.7.2. (Repealed).

2012, c. 8, s. 132; 2015, c. 21, s. 307.

2012-05-09

766.7.2. If a specified individual would be, but for this chapter, required under section 662 or paragraph a of section 663 to include an amount in computing the specified individual’s income for a taxation year, to the extent that the amount can reasonably be considered to be attributable to a taxable capital gain (other than an excluded amount) of a trust from a disposition of shares (other than shares listed on a designated stock exchange or shares of a mutual fund corporation) that are transferred, either directly or indirectly, in any manner whatever, to a person with whom the specified individual does not deal at arm’s length, section 662 and paragraph a of section 663 do not apply in respect of the amount and twice the amount is deemed to be received by the specified individual in the year as a taxable dividend that is not an eligible dividend.

2012, c. 8, s. 132.