I-3 - Taxation Act

Section 572.2.1 Disposition versions

2021-06-02

572.2.1. For the purposes of sections 572.2.2 and 572.2.3, a particular property is a tracking interest in respect of a person or partnership (in this section referred to as the “tracked entity”) if

(a)  all or part of the fair market value of the particular property—or of any payment or right to receive an amount in respect of the particular property—can reasonably be considered to be determined, directly or indirectly, by reference to one or more of the following criteria in respect of property or activities of the tracked entity (in this section and section 572.2.2 referred to as the “tracked property and activities”):

i.  the fair market value of property of the tracked entity,

ii.  any revenue, income or cash flow from property or activities of the tracked entity,

iii.  any profits or gains from the disposition of property of the tracked entity, and

iv.  any similar criteria applicable to property or activities of the tracked entity; and

(b)  the tracked property and activities in respect of the particular property represent less than all of the property and activities of the tracked entity.

2021, c. 14, s. 46.