I-3 - Taxation Act

Section 809 Disposition versions

2006-03-01

809. A deposit insurance corporation must include:

(a)  the aggregate of profits or gains made in the year by the corporation in respect of the disposition of an obligation which it owned;

(b)  the portion included in the computation of its profits for the year, of the amount by which, at the time the corporation acquired it, the principal amount of each obligation owned by the corporation at the end of the year exceeded the cost of acquiring it;

(c)  (paragraph repealed).

1975, c. 22, s. 218; 1990, c. 59, s. 303; 1997, c. 3, s. 71.