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I-3 - Taxation Act
Section 250.3
Disposition versions
250.3. The first paragraph of section 250.1 does not apply to a disposition of a Canadian security by a taxpayer, other than a mutual fund corporation or a mutual fund trust, who, at the time of the disposition, is
(a) a trader or dealer in securities;
(b) a financial institution, within the meaning assigned by section 851.22.1;
(c) (paragraph repealed);
(d) (paragraph repealed);
(e) (paragraph repealed);
(f) a corporation whose principal business is the lending of money or the purchasing of debt obligations, or a combination thereof; or
(g) a person not resident in Canada.
250.3. An election referred to in section 250.1 does not apply to a disposition of a Canadian security by a taxpayer, other than a mutual fund corporation or a mutual fund trust, who, at the time of the disposition, is
(a) a trader or dealer in securities;
(b) a financial institution, within the meaning assigned by section 851.22.1;
(c) (paragraph repealed);
(d) (paragraph repealed);
(e) (paragraph repealed);
(f) a corporation whose principal business is the lending of money or the purchasing of debt obligations, or a combination thereof; or
(g) a person not resident in Canada.
