I-3 - Taxation Act

Full text
726.4.17.12.1. Where, after 4 June 2014, a corporation makes a public issue of shares referred to in the first paragraph of section 726.4.17.12, the percentage of 15% mentioned in subparagraph ii of subparagraph a of the second paragraph of that section is, in respect of the share issue, to be replaced by a percentage of 12%.
The first paragraph does not apply in respect of a public issue of shares following
(a)  an investment made on or before 5 June 2014; or
(b)  an application for a receipt for the preliminary prospectus or an application for an exemption from filing a prospectus, as the case may be, made on or before 4 June 2014.
2015, c. 21, s. 250.