An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation) = Loi modifiant la Loi de l'impôt sur le revenu (transfert d'une petite entreprise ou d'une société...: XB421-274/1-PDF
This enactment amends the Income Tax Act in order to provide that, in the case of qualified small business corporation shares and shares of the capital stock of a family farm or fishing corporation, siblings are deemed not to be dealing at arm’s length and to be related, and that, under certain conditions, the transfer of those shares by a taxpayer to the taxpayer’s child or grandchild who is 18 years of age or older is to be excluded from the anti-avoidance rule of section 84.1.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.818063&sl=0
| Department/Agency | Canada. Parliament. House of Commons. |
|---|---|
| Title | An Act to amend the Income Tax Act (transfer of small business or family farm or fishing corporation) = Loi modifiant la Loi de l'impôt sur le revenu (transfert d'une petite entreprise ou d'une société agricole ou de pêche familiale). |
| Variant title | Loi modifiant la Loi de l’impôt sur le revenu (transfert d’une petite entreprise ou d’une société agricole ou de pêche familiale) |
| Series title | Bill C-... ; Bill C-274, 1st session, 42nd Parliament |
| Publication type | Series - View Master Record |
| Language | Bilingual-[English | French] |
| Format | Electronic |
| Electronic document | |
| Note(s) | First reading, May 19, 2016. Text in English and French. |
| Publishing information | [Ottawa] : House of Commons, 2016. |
| Description | ii, 3 p. |
| Catalogue number |
|
| Subject terms | Shares Tax credits Legislation |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.- Date modified: