I-3 - Taxation Act

Section 965.92 Disposition versions

2019-06-13

965.92. The qualified investments to which paragraph e of section 965.90 refers are

(a)  voting shares representing not less than 20% of the voting shares of a particular corporation meeting the requirement of paragraph e of section 965.90;

(b)  promissory notes, debentures, bonds or other debt securities issued by a particular corporation referred to in paragraph a and shares without voting rights of such a particular corporation;

(c)  debentures, bonds or shares issued by a cooperative, other than a savings and credit union, meeting the requirement of paragraph e of section 965.90;

(d)  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 (S.C. 1991, c. 47) or by the Insurers Act (chapter A-32.1), a corporation licensed or otherwise authorized under the laws of Canada or of a province to offer its services as a trustee, or any other corporation whose principal business is the lending of money or the purchasing of debts; and

(e)  property described in an inventory by a corporation carrying on the activities of a dealer.

2006, c. 13, s. 80; 2018, c. 23, s. 811.

2006-06-13

965.92. The qualified investments to which paragraph e of section 965.90 refers are

(a)  voting shares representing not less than 20% of the voting shares of a particular corporation meeting the requirement of paragraph e of section 965.90;

(b)  promissory notes, debentures, bonds or other debt securities issued by a particular corporation referred to in paragraph a and shares without voting rights of such a particular corporation;

(c)  debentures, bonds or shares issued by a cooperative, other than a savings and credit union, meeting the requirement of paragraph e of section 965.90;

(d)  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 licensed or otherwise authorized under the laws of Canada or of a province to offer its services as a trustee, or any other corporation whose principal business is the lending of money or the purchasing of debts; and

(e)  property described in an inventory by a corporation carrying on the activities of a dealer.

2006, c. 13, s. 80.