PART I — Income Tax · DIVISION B — Computation of Income · SUBDIVISION E — Deductions in Computing Income

Acquisition from tax-exempt

Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31

Current text

Where a corporation acquires, by purchase, amalgamation, merger, winding-up or otherwise, all or substantially all of the Canadian resource properties or foreign resource properties of a person whose taxable income is exempt from tax under this Part, subsection 29(25) of the Income Tax Application Rules and subsections 66.7(1) to 66.7(5) do not apply to the corporation in respect of the acquisition of the properties.

Source: Justice Laws Website. Not an official version.

Historic text

This section has not been amended since the start of the point-in-time record on 31 August 2004.

Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 66.6 links to the one before it.

Enacting and amending legislation

R.S., 1985, c. 1 (5th Supp.), s. 66.6; 1998, c. 19, s. 105

Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.

Cross-references

This section refers to

s. 29 s. 66.7

References are generated from the statutory text and list other sections of the Act only.

Citation

Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 66.6.