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Income Tax Regulations

Version of section 806.2 from 2004-08-31 to 2013-12-11:


 For the purpose of paragraph 212(1)(b) of the Act, an obligation is a prescribed obligation if it is an indexed debt obligation and no amount payable in respect of it is

  • (a) contingent or dependent upon the use of, or production from, property in Canada; or

  • (b) computed by reference to

    • (i) revenue, profit, cash flow, commodity price or any other similar criterion, other than a change in the purchasing power of money, or

    • (ii) dividends paid or payable to shareholders of any class of shares.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/93-345, s. 1
  • SOR/94-686, s. 79(F)
  • SOR/96-435, s. 2

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