I-3 - Taxation Act

Section 592.4 Disposition versions

2017-02-08

592.4. In this chapter,

“equity interest”, in a non-resident corporation without share capital, means any right, whether immediate or future and whether absolute or contingent, conferred by the corporation to receive an amount that can reasonably be regarded as all or any part of the capital, revenue or income of the corporation, but does not include a right as creditor;

“non-resident corporation without share capital” means a corporation not resident in Canada that, determined without reference to this chapter, does not have capital divided into shares.

2017, c. 1, s. 146.