I-3 - Taxation Act

Section 725.2.0.1.1 Disposition versions

2021-06-02

725.2.0.1.1. Where section 725.2 applies in respect of a security that is a share of the capital stock of a corporation, it is to be read as if “25%” in the portion before paragraph a were replaced by “50%” and without reference to subparagraphs ii to iv of paragraph c if

(a)  the share belongs to a class of shares listed on a recognized stock exchange; and

(b)  the right to acquire the share under an agreement referred to in section 48 is granted to an employee of a corporation that is a specified corporation for a particular calendar year that includes

i.  the time at which the agreement is entered into, or

ii.  the time at which the share is acquired.

2019, c. 14, s. 187; 2021, c. 14, s. 62.

2019-06-19

725.2.0.1.1. Where section 725.2 applies in respect of a security that is a share of the capital stock of a corporation, it is to be read as if “25%” in the portion before paragraph a were replaced by “50%” and without reference to subparagraphs ii and iii of paragraph c if

(a)  the share belongs to a class of shares listed on a recognized stock exchange; and

(b)  the right to acquire the share under an agreement referred to in section 48 is granted to an employee of a corporation that is a specified corporation for a particular calendar year that includes

i.  the time at which the agreement is entered into, or

ii.  the time at which the share is acquired.

2019, c. 14, s. 187.