I-3 - Taxation Act

Section 965.11 Disposition versions

2017-12-07

965.11. (Repealed).

1979, c. 14, s. 4; 1983, c. 44, s. 37; 1987, c. 21, s. 54; 1988, c. 64, s. 587; 1990, c. 7, s. 110; 1993, c. 16, s. 310; 1993, c. 64, s. 112; 1995, c. 49, s. 220; 1997, c. 3, s. 71; 1997, c. 14, s. 164; 1999, c. 83, s. 141; 2017, c. 29, s. 166.

2006-03-01

965.11. Property the description of which is contemplated in paragraph d of section 965.10 is the following:

(a)  voting shares representing not less than 20% of the voting shares of a given corporation meeting the requirement of paragraph d of section 965.10;

(a.1)  promissory notes, debentures, bonds or other debt securities issued by a given corporation contemplated in paragraph a and shares without voting rights of such a given corporation;

(b)  debentures, bonds or shares issued by a cooperative, other than a savings and credit union, meeting the requirements of paragraph d of section 965.10;

(c)  promissory notes or other debt securities obtained in the ordinary course of its business and held by a bank, a body governed by the Insurance Companies Act (Statutes of Canada, 1991, chapter 47) or by the Act respecting insurance (chapter A-32), a corporation holding a licence or otherwise authorized by the laws of Canada or a province to offer its services there as a trustee, or any other corporation whose principal business is the lending of money or the purchasing of debts;

(d)  property held in inventory by a corporation carrying on the activities of a dealer within the meaning of the Securities Act (chapter V-1.1).

1979, c. 14, s. 4; 1983, c. 44, s. 37; 1987, c. 21, s. 54; 1988, c. 64, s. 587; 1990, c. 7, s. 110; 1993, c. 16, s. 310; 1993, c. 64, s. 112; 1995, c. 49, s. 220; 1997, c. 3, s. 71; 1997, c. 14, s. 164; 1999, c. 83, s. 141.