I-3 - Taxation Act

Section 92.7 Disposition versions

2020-09-24

92.7. For the purposes of sections 92 to 92.7,

(a)  “investment contract”, in relation to a taxpayer, means any debt obligation other than

i.  a salary deferral arrangement or a plan or arrangement that, but for any of paragraphs a, b and d to l of section 47.16, would be a salary deferral arrangement,

ii.  a retirement compensation arrangement or a plan or arrangement that, but for any of subparagraphs a, b, d and f to n of the second paragraph of section 890.1, would be a retirement compensation arrangement,

iii.  an employee benefit plan or a plan or arrangement that, but for the second paragraph of section 47.6, would be an employee benefit plan,

iv.  a foreign retirement arrangement,

iv.1.  a tax-free savings account,

v.  an income bond or debenture,

vi.  a development bond,

vii.  a small business bond,

viii.  an obligation in respect of which the taxpayer has, otherwise than by reason of section 92.1, at periodic intervals of not more than one year included, in computing his income throughout the period in which he held a right in the obligation, the income accrued thereon for such intervals,

viii.1.  an obligation in respect of a net income stabilization account,

viii.1.1.  an obligation in respect of a farm income stabilization account,

viii.2.  an indexed debt obligation, and

ix.  a prescribed contract;

(b)  “anniversary day” of an investment contract means the day that is one year after the day immediately preceding the date of issue of the contract, the day that occurs at every successive one year interval from the anniversary day determined in the first instance under this paragraph, and the day on which the contract was disposed of.

1984, c. 15, s. 21; 1985, c. 25, s. 27; 1986, c. 19, s. 13; 1988, c. 18, s. 8; 1991, c. 25, s. 28; 1993, c. 16, s. 49; 1994, c. 22, s. 69; 1995, c. 49, s. 34; 2001, c. 53, s. 25; 2004, c. 21, s. 52; 2010, c. 5, s. 20; 2020, c. 16, s. 188.

2010-04-20

92.7. For the purposes of sections 92 to 92.7,

(a)  “investment contract”, in relation to a taxpayer, means any debt obligation other than

i.  a salary deferral arrangement or a plan or arrangement that, but for any of paragraphs a, b and d to l of section 47.16, would be a salary deferral arrangement,

ii.  a retirement compensation arrangement or a plan or arrangement that, but for any of subparagraphs a, b, d and f to n of the second paragraph of section 890.1, would be a retirement compensation arrangement,

iii.  an employee benefit plan or a plan or arrangement that, but for the second paragraph of section 47.6, would be an employee benefit plan,

iv.  a foreign retirement arrangement,

iv.1.  a tax-free savings account,

v.  an income bond or debenture,

vi.  a development bond,

vii.  a small business bond,

viii.  an obligation in respect of which the taxpayer has, otherwise than by reason of section 92.1, at periodic intervals of not more than one year included, in computing his income throughout the period in which he held an interest in the obligation, the income accrued thereon for such intervals,

viii.1.  an obligation in respect of a net income stabilization account,

viii.1.1.  an obligation in respect of a farm income stabilization account,

viii.2.  an indexed debt obligation, and

ix.  a prescribed contract;

(b)  “anniversary day” of an investment contract means the day that is one year after the day immediately preceding the date of issue of the contract, the day that occurs at every successive one year interval from the anniversary day determined in the first instance under this paragraph, and the day on which the contract was disposed of.

1984, c. 15, s. 21; 1985, c. 25, s. 27; 1986, c. 19, s. 13; 1988, c. 18, s. 8; 1991, c. 25, s. 28; 1993, c. 16, s. 49; 1994, c. 22, s. 69; 1995, c. 49, s. 34; 2001, c. 53, s. 25; 2004, c. 21, s. 52; 2010, c. 5, s. 20.

2006-03-01

92.7. For the purposes of sections 92 to 92.7,

(a)  “investment contract”, in relation to a taxpayer, means any debt obligation other than

i.  a salary deferral arrangement or a plan or arrangement that, but for any of paragraphs a, b and d to l of section 47.16, would be a salary deferral arrangement,

ii.  a retirement compensation arrangement or a plan or arrangement that, but for any of subparagraphs a, b, d and f to n of the second paragraph of section 890.1, would be a retirement compensation arrangement,

iii.  an employee benefit plan or a plan or arrangement that, but for the second paragraph of section 47.6, would be an employee benefit plan,

iv.  a foreign retirement arrangement,

v.  an income bond or debenture,

vi.  a development bond,

vii.  a small business bond,

viii.  an obligation in respect of which the taxpayer has, otherwise than by reason of section 92.1, at periodic intervals of not more than one year included, in computing his income throughout the period in which he held an interest in the obligation, the income accrued thereon for such intervals,

viii.1.  an obligation in respect of a net income stabilization account,

viii.1.1.  an obligation in respect of a farm income stabilization account,

viii.2.  an indexed debt obligation, and

ix.  a prescribed contract;

(b)  “anniversary day” of an investment contract means the day that is one year after the day immediately preceding the date of issue of the contract, the day that occurs at every successive one year interval from the anniversary day determined in the first instance under this paragraph, and the day on which the contract was disposed of.

1984, c. 15, s. 21; 1985, c. 25, s. 27; 1986, c. 19, s. 13; 1988, c. 18, s. 8; 1991, c. 25, s. 28; 1993, c. 16, s. 49; 1994, c. 22, s. 69; 1995, c. 49, s. 34; 2001, c. 53, s. 25; 2004, c. 21, s. 52.