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

Section 85 Disposition versions

2005-03-17

85. For the purposes of section 84:

(a)  the aggregate contemplated therein is that of the debts owing by the partnerships or of any obligation for it to pay an amount, if they are outstanding at the commencement of the first fiscal period of the partnerships ending after 1971, less the part of such debts and obligations that would have been deductible in computing his income for that fiscal period if they had been discharged during such fiscal period;

(b)  “incorporeal capital amount” means any property of a taxpayer the disposition of which after 1971 would produce an amount that would constitute an incorporeal capital amount within the meaning of sections 105 to 110.1 of the Taxation Act (chapter I-3).

1972, c. 24, s. 84; 1973, c. 17, s. 155; 1978, c. 26, s. 226; 2005, c. 1, s. 302.

1978-12-22

85. For the purposes of section 84:

(a)  the aggregate contemplated therein is that of the debts owing by the partnerships or of any obligation for it to pay an amount, if they are outstanding at the commencement of the first fiscal period of the partnerships ending after 1971, less the part of such debts and obligations that would have been deductible in computing his income for that fiscal period if they had been discharged during such fiscal period;

(b)  “intangible capital amount” means any property of a taxpayer the disposition of which after 1971 would produce an amount that would constitute an intangible capital amount within the meaning of sections 105 to 110.1 of the Taxation Act (chapter I-3).

1972, c. 24, s. 84; 1973, c. 17, s. 155; 1978, c. 26, s. 226.

1977-12-31

85. For the purposes of section 84:

(a)  the aggregate contemplated therein is that of the debts owing by the partnerships or of any obligation for it to pay an amount, if they are outstanding at the commencement of the first fiscal period of the partnerships ending after 1971, less the part of such debts and obligations that would have been deductible in computing his income for that fiscal period if they had been discharged during such fiscal period;

(b)  “intangible capital amount” means the property of a taxpayer the disposition of which, after 1971, would produce an amount which would constitute an intangible capital amount within the meaning of sections 105 to 109 of the Taxation Act.

1972, c. 24, s. 84; 1973, c. 17, s. 155.