Income Tax Act

Version of section 200 from 2013-06-26 to 2017-10-13:

Marginal note:Distribution deemed disposition

 For the purposes of this Part, a distribution by a trust of a non-qualified investment to a beneficiary of the trust shall be deemed to be a disposition of that non-qualified investment and the proceeds of disposition of that non-qualified investment shall be deemed to be its fair market value at the time of the distribution.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 200;
  • 2013, c. 34, s. 334(F).
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