Income Tax Act
Marginal note:Distribution deemed disposition
200 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. 1970-71-72, c. 63, s. 1“200”.
- Date modified: