I-3 - Taxation Act

Section 833.2 Disposition versions

2010-04-20

833.2. For the purposes of section 1095, to the extent that that section refers to paragraph c of section 1094, a share of the capital stock of a corporation is deemed to be listed at any time on a designated stock exchange where

(a)   the corporation is

i.  a life insurance corporation referred to in subparagraph i of paragraph a of subsection 5 of section 141 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement), or

ii.  a holding corporation, as defined in section 832.11, that is deemed by section 833.1 to be a public corporation at that time;

(b)  no share of the capital stock of the corporation is listed on any stock exchange at that time; and

(c)  that time is not later than six months after the time of the demutualization, as defined by section 832.11, of

i.  the corporation, where the corporation is a life insurance corporation, and

ii.  in any other case, the life insurance corporation in respect of which the corporation is a holding corporation.

2001, c. 53, s. 168; 2010, c. 5, s. 79.

2006-03-01

833.2. For the purposes of section 1095, to the extent that that section refers to paragraph c of section 1094, a share of the capital stock of a corporation is deemed to be listed at any time on a Canadian stock exchange or a foreign stock exchange where

(a)   the corporation is

i.  a life insurance corporation referred to in subparagraph i of paragraph a of subsection 5 of section 141 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement), or

ii.  a holding corporation, as defined in section 832.11, that is deemed by section 833.1 to be a public corporation at that time;

(b)  no share of the capital stock of the corporation is listed on any stock exchange at that time; and

(c)  that time is not later than six months after the time of the demutualization, as defined by section 832.11, of

i.  the corporation, where the corporation is a life insurance corporation, and

ii.  in any other case, the life insurance corporation in respect of which the corporation is a holding corporation.

2001, c. 53, s. 168.