Income Tax Act
211.9 The Minister may pay to an individual (other than a trust) in respect of the disposition of a share, if application for the payment has been made in writing by the individual and filed with the Minister no later than two years after the end of the calendar year in which the disposition occurred, an amount not exceeding the lesser of
(a) the tax paid under this Part in respect of a disposition of the share, and
(b) 15% of the net cost of the share on the original acquisition by the individual (or by a qualifying trust for the individual in respect of the share).
- NOTE: Application provisions are not included in the consolidated text;
- see relevant amending Acts. 1997, c. 25, s. 62;
- 2000, c. 19, s. 63.
- Date modified: