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I-3 - Taxation Act

Section 262.5
Disposition versions

Full text
262.5. If at any time a taxpayer disposes of one or more capital properties that are included in a flow-through share class of property and paragraph a or d of section 231.2 applies in respect of the disposition (in this section referred to as the “actual disposition”), the taxpayer is deemed to have realized a capital gain from a disposition at that time of another capital property equal to the lesser of
(a)  the taxpayer’s exemption threshold at that time in respect of the flow-through share class of property; and
(b)  the aggregate of all amounts each of which is a capital gain from the actual disposition (calculated without reference to this section).
2012, c. 8, s. 45.
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