Tax wiki
s. 201
PART X — Taxes on Deferred Profit Sharing Plans and Revoked Plans
Tax where inadequate consideration on purchase or sale
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Every trust governed by a deferred profit sharing plan or a revoked plan shall, for each calendar year after 1990, pay a tax equal to 50% of the total of all amounts each of which is, by reason of subsection 147(18), an amount taxable under this section for the year.
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 201 links to the one before it.
Enacting and amending legislation
- 1970-71-72, c. 63, s. 1“201”; 1976-77, c. 4, s. 68; 1990, c. 35, s. 20
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
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 201.