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Income Tax Regulations

Version of section 806.2 from 2013-12-12 to 2024-05-28:

 For the purposes of the definition participating debt interest in subsection 212(3) of the Act, an obligation is a prescribed obligation if it is an indexed debt obligation and no amount payable in respect of it is

  • (a) contingent or dependent upon the use of, or production from, property in Canada; or

  • (b) computed by reference to

    • (i) revenue, profit, cash flow, commodity price or any other similar criterion, other than a change in the purchasing power of money, or

    • (ii) dividends paid or payable to shareholders of any class of shares.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/93-345, s. 1
  • SOR/94-686, s. 79(F)
  • SOR/96-435, s. 2
  • 2013, c. 40, s. 99

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