I-3 - Taxation Act

Section 550.8 Disposition versions

2010-04-20

550.8. For the purposes of Title III of Part II, a share, in this section referred to as the “new share”, is deemed to be listed on a designated stock exchange until the earliest time at which it is redeemed, acquired or cancelled, where

(a)  a new corporation is formed as a result of an amalgamation;

(b)  the new corporation is a public corporation;

(c)  the new corporation issues the new share, which is a share of any class of the capital stock thereof;

(d)  the new share is issued in exchange for a share, in this section referred to as the “old share”, of the capital stock of a predecessor corporation;

(e)  immediately before the amalgamation, the old share was listed on a designated stock exchange; and

(f)  the new share is redeemed, acquired or cancelled by the new corporation within 60 days after the amalgamation.

2001, c. 7, s. 55; 2010, c. 5, s. 49.

2006-03-01

550.8. For the purposes of Title III of Part II, a share, in this section referred to as the “new share”, is deemed to be listed on a Canadian stock exchange or a foreign stock exchange until the earliest time at which it is redeemed, acquired or cancelled, where

(a)  a new corporation is formed as a result of an amalgamation;

(b)  the new corporation is a public corporation;

(c)  the new corporation issues the new share, which is a share of any class of the capital stock thereof;

(d)  the new share is issued in exchange for a share, in this section referred to as the “old share”, of the capital stock of a predecessor corporation;

(e)  immediately before the amalgamation, the old share was listed on a Canadian stock exchange or a foreign stock exchange; and

(f)  the new share is redeemed, acquired or cancelled by the new corporation within 60 days after the amalgamation.

2001, c. 7, s. 55.