I-3 - Taxation Act

Section 279.1 Disposition versions

2010-04-20

279.1. In computing the amount that a taxpayer may deduct under subparagraph a of the first paragraph of section 279 in computing the taxpayer’s gain from the disposition of a former property of the taxpayer, subparagraph b of the second paragraph of that section is to be read as if “1/5” and “4” were replaced by “1/10” and “9”, respectively, if the former property is an immovable property in respect of whose disposition the rules set out in sections 460 to 462 applied to the taxpayer and a child of the taxpayer because of section 459.

1984, c. 15, s. 67; 1986, c. 19, s. 51; 2007, c. 12, s. 46; 2009, c. 5, s. 96; 2010, c. 5, s. 31.

2005-05-15

279.1. In computing the amount of any claim in respect of property contemplated in paragraph a of section 279, that paragraph shall be read as if the reference therein to "1/5" and "4" were references to "1/10" and "9" respectively, where the property referred to therein is an immovable property in respect of the disposition of which the rules provided in sections 459 to 462 apply.

1984, c. 15, s. 67; 1986, c. 19, s. 51.

2005-05-15

279.1. In computing the amount that a taxpayer may claim as a deduction under subparagraph a of the first paragraph of section 279 in computing the taxpayer’s gain from the disposition of a former property of the taxpayer, subparagraph b of the second paragraph of that section is to be read as if “1/5” and “4” were replaced by “1/10” and “9”, respectively, if the former property is an immovable property in respect of whose disposition the rules set out in sections 460 to 462 applied to the taxpayer and a child of the taxpayer because of section 459.

1984, c. 15, s. 67; 1986, c. 19, s. 51; 2007, c. 12, s. 46; 2009, c. 5, s. 96.