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I-3 - Taxation Act
Section 1129.27.4.6
Disposition versions
1129.27.4.6. The Corporation is required to pay, for a particular conversion period, tax under this Part equal to
(a) where the particular conversion period begins after 28 February 2018 and before 1 March 2021, 10% of the amount by which $100,000,000 is exceeded by the aggregate of all amounts each of which is the value of a consideration that an individual has paid or has undertaken to pay, in the particular conversion period, for the acquisition of a class “B” share of the capital stock of the Corporation; or
(b) where the particular conversion period begins after 28 February 2021 and before 1 March 2023, 10% of the amount by which $50,000,000 is exceeded by the aggregate of all amounts each of which is the value of a consideration that an individual has paid, in the particular conversion period, for the acquisition of a class “B” share of the capital stock of the Corporation.
1129.27.4.6. The Corporation is required to pay, for a conversion period, tax under this Part equal to 10% of the amount by which $100,000,000 is exceeded by the aggregate of all amounts each of which is the value of a consideration that an individual has paid or has undertaken to pay, in the conversion period, for the acquisition of a class “B” share of the capital stock of the Corporation.
