I-3 - Taxation Act

Section 1096 Disposition versions

2011-06-06

1096. For the purposes of sections 1094 and 1095, a property is deemed to include, at a particular time, a right in or an option in respect of the property, whether or not the property exists at that time.

1975, c. 22, s. 247; 1986, c. 19, s. 200; 1993, c. 16, s. 347; 1997, c. 3, s. 71; 2001, c. 7, s. 156; 2011, c. 6, s. 216.

2006-03-01

1096. For the purposes of sections 1094 and 1095,

(a)  a taxable Québec property or a taxable Canadian property does not include a share of the capital stock of a non-resident owned investment corporation if, on the first day of the taxation year of the corporation in which the disposition of the share was made, the corporation did not own taxable Québec property, taxable Canadian property, Canadian resource property, timber resource property or an income interest in a trust resident in Canada; and

(b)  a property is deemed to include, at a particular time, an interest in or option in respect of the property, whether or not the property exists at that time.

1975, c. 22, s. 247; 1986, c. 19, s. 200; 1993, c. 16, s. 347; 1997, c. 3, s. 71; 2001, c. 7, s. 156.