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I-4 - Act respecting the application of the Taxation Act

Section 70
Disposition versions

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70. The amounts which must be added to the cost of capital property or be deducted therefrom under paragraph c of the first paragraph of section 69 are the following:
(a)  capital gain from the disposition after 1971 of capital property by a person to whom it belonged before it devolved to the subsequent owner, with the exception of an amount which is deemed such a gain under section 261 of the Taxation Act (chapter I-3);
(b)  an amount of which section 255 of the said Act requires the inclusion in the computation of the adjusted cost base of the capital property for the person described in paragraph a;
(c)  the portion of the excess added in computing the cost of the capital property by virtue of section 559 of the said Act, as determined in conformity with section 560 of the said Act by the subsequent owner or the person described in paragraph a;
(c.1)  an amount that the person described in paragraph a has subtracted, under sections 271 and 273 of the Taxation Act, from his gain otherwise determined;
(d)  a capital loss or an amount that would, but for sections 239, 534 and 535 of the said Act, as they read before being repealed in respect of the disposition of capital property before 27 April 1995, and sections 238.1, 264.0.1 and 264.0.2 of the said Act, be a loss from the disposition to a corporation after 31 December 1971 of capital property by the person described in paragraph a;
(e)  an amount of which section 257 of the said Act requires the deduction in computing the adjusted cost base of the capital property for the person described in paragraph a.
1973, c. 17, s. 152; 1975, c. 22, s. 273; 1978, c. 26, s. 224; 1984, c. 15, s. 247; 1996, c. 39, s. 278; 2001, c. 7, s. 173.
70. The amounts which must be added to the cost of capital property or be deducted therefrom under paragraph c of the first paragraph of section 69 are the following:
(a)  capital gain from the disposition after 1971 of capital property by a person to whom it belonged before it devolved to the subsequent owner, with the exception of an amount which is deemed such a gain under section 261 of the Taxation Act (chapter I-3);
(b)  an amount of which section 255 of the said act requires the inclusion in the computation of the adjusted cost base of the capital property for the person described in paragraph a;
(c)  the portion of the excess added in computing the cost of the capital property by virtue of section 559 of the said act, as determined in conformity with section 560 of the said act by the subsequent owner or the person described in paragraph a;
(c.1)  an amount that the person described in paragraph a has subtracted, under sections 271 and 273 of the Taxation Act, from his gain otherwise determined;
(d)  a capital loss or an amount that would, but for sections 239, 264.0.1, 264.0.2, 534 and 535 of the said Act, be a loss from the disposition to a corporation after 1971 of capital property by the person described in paragraph a;
(e)  an amount of which section 257 of the said act requires the deduction in computing the adjusted cost base of the capital property for the person described in paragraph a.
1973, c. 17, s. 152; 1975, c. 22, s. 273; 1978, c. 26, s. 224; 1984, c. 15, s. 247; 1996, c. 39, s. 278.
70. The amounts which must be added to the cost of capital property or be deducted therefrom under paragraph c of the first paragraph of section 69 are the following:
(a)  capital gain from the disposition after 1971 of capital property by a person to whom it belonged before it devolved to the subsequent owner, with the exception of an amount which is deemed such a gain under section 261 of the Taxation Act;
(b)  an amount of which section 255 of the said act requires the inclusion in the computation of the adjusted cost base of the capital property for the person described in paragraph a;
(c)  the portion of the excess added in computing the cost of the capital property by virtue of section 559 of the said act, as determined in conformity with section 560 of the said act by the subsequent owner or the person described in paragraph a;
(c.1)  an amount that the person described in paragraph a has subtracted, under sections 271 and 273 of the Taxation Act, from his gain otherwise determined;
(d)  a capital loss or an amount that would but for sections 239 or 534 and 535 of the said Act be such a loss, from the disposition after 1971 of capital property to a corporation by the person described in paragraph a;
(e)  an amount of which section 257 of the said act requires the deduction in computing the adjusted cost base of the capital property for the person described in paragraph a.
1973, c. 17, s. 152; 1975, c. 22, s. 273; 1978, c. 26, s. 224; 1984, c. 15, s. 247.
70. The amounts which must be added to the cost of capital property or be deducted therefrom under paragraph c of the first paragraph of section 69 are the following:
(a)  capital gain from the disposition after 1971 of capital property by a person to whom it belonged before it devolved to the subsequent owner, with the exception of an amount which is deemed such a gain under section 261 of the Taxation Act;
(b)  an amount of wich section 255 of the said act requires the inclusion in the computation of the adjusted cost base of the capital property for the person described in paragraph a;
(c)  the portion of the excess added in computing the cost of the capital property by virtue of section 559 of the said act, as determined in conformity with section 560 of the said act by the subsequent owner or the person described in paragraph a;
(c.1)  an amount that the person described in paragraph a has subtracted, under sections 271 and 273 of the Taxation Act, from his gain otherwise determined;
(d)  a capital loss or an amount that would but for sections 534 and 535 of the said act be such a loss, from the disposition after 1971 of capital property by the person described in paragraph a; and
(e)  an amount of which section 257 of the said act requires the deduction in computing the adjusted cost base of the capital property for the person described in paragraph a.
1973, c. 17, s. 152; 1975, c. 22, s. 273; 1978, c. 26, s. 224.
70. The amounts which must be added to the cost of capital property or be deducted therefrom under paragraph c of the first paragraph of section 69 are the following:
(a)  capital gain from the disposition after 1971 of capital property by a person to whom it belonged before it devolved to the subsequent owner, with the exception of an amount which is deemed such a gain under section 261 of the Taxation Act;
(b)  an amount of wich section 255 of the said act requires the inclusion in the computation of the adjusted cost base of the capital property for the person described in paragraph a;
(c)  the portion of the excess added in computing the cost of the capital property by virtue of section 559 of the said act, as determined in conformity with section 560 of the said act by the subsequent owner or the person described in paragraph a;
(d)  a capital loss or an amount that would but for sections 534 and 535 of the said act be such a loss, from the disposition after 1971 of capital property by the person described in paragraph a; and
(e)  an amount of which section 257 of the said act requires the deduction in computing the adjusted cost base of the capital property for the person described in paragraph a.
1973, c. 17, s. 152; 1975, c. 22, s. 273.
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