I-3 - Taxation Act

Section 257.3 Disposition versions

2013-06-05

257.3. (Repealed).

1997, c. 31, s. 41; 2000, c. 5, s. 293; 2013, c. 10, s. 23.

2006-03-01

257.3. Subparagraph i.4 of paragraph l of section 257 does not apply in respect of a taxpayer’s interest in a partnership where

(a)  the particular time referred to in the said subparagraph i.4 is immediately before a disposition of the taxpayer’s interest in the partnership and no amount is deductible under section 217.13 in respect of the interest in computing the taxpayer’s income for the taxpayer’s taxation year following the taxation year that includes the particular time;

(b)  the taxpayer has income on 31 December 1995 in respect of the business referred to in the said subparagraph i.4 because of sections 217.2 to 217.9.1; or

(c)  the taxpayer’s partnership interest was held by the taxpayer on 22 February 1994 and is an excluded interest, within the meaning assigned by section 261.6, at the end of the fiscal period of the partnership that includes the particular time.

1997, c. 31, s. 41; 2000, c. 5, s. 293.