Income Tax Act — I-3.3 248
r 15, 1987”, and, for the purposes of this definition, (g) where the terms or conditions of an established agreement were amended after November 16, 1978, the agreement shall be deemed to have been made after that date, (h) where (i) at any particular time the terms or conditions of a share issued pursuant to an established agreement or of any agreement relating to such a share have been changed, (ii) under the terms or conditions of (A) a share of a class of the capital stock of the issuing corporation issued before November 17, 1978 (other than a share that was listed on November 16, 1978 on a prescribed stock exchange in Canada), (B) a share issued pursuant to an established agreement, (C) any agreement between the issuing corporation and the owner of a share described in clause (A) or (B), or (D) any agreement relating to a share described in clause (A) or (B) made after October 23, 1979, the owner thereof could at any particular time after November 16, 1978 require, either alone or together with one or more taxpayers, the redemption, acquisition, cancellation, conversion or reduction of the paid-up capital of the share otherwise than by reason of a failure or default under the terms or conditions of the share or any agreement that related to, and was entered into at the time of, the issuance of the share, (iii) in respect of a share issued before November 17, 1978, at any particular time after November 16, 1978 the redemption date was extended or the terms or conditions relating to its redemption, acquisition, cancellation, conversion or reduction of its paid-up capital were changed, (iv) at a particular time after October 23, 1979 and before November 13, 1981, a specified financial institution (or a partnership or trust of which a specified financial institution or a person related to the institution is a member or beneficiary) acquired a share that (A) was issued before November 17, 1978 or under an established agreement, (B) was issued to a person other than a corporation that was, at the time of issue, (I) described in any of paragraphs (a) to (e) of the definition specified financial institution , or (II) a corporation that was controlled by one or more corporations described in subclause (I) and, for the purpose of this subclause, one corporation is controlled by another corporation if more than 50% of its issued share capital (having full voting rights under all circumstances) belongs to the other corporation, to persons with whom the other corporation does not deal at arm’s length, or to the other corporation and persons with whom the other corporation does not deal at arm’s length, (C) was acquired from a person that was, at the particular time, a person other than a corporation described in subclause (B)(I) or (II), and (D) was acquired otherwise than under an agreement in writing made before October 24, 1979, (v) at any particular time after November 12, 1981 (A) in respect of (I) a share (other than a share referred to in paragraph (e) or a share listed on November 13, 1981 on a prescribed stock exchange in Canada) issued after November 16, 1978 and before November 13, 1981, or (II) a share issued after November 12, 1981 and before 1983 pursuant to an agreement in writing to do so made before November 13, 1981 (in this definition referred to as a “specified agreement”) the owner thereof could require, either alone or together with one or more taxpayers, the redemption, acquisition, cancellation, conversion or reduction of the paid-up capital of the share otherwise than by reason of a failure or default under the terms or conditions of the share or any agreement that related to, and was entered into at the time of, the issuance of the share, or (B) the redemption date of (I) a share issued after November 16, 1978 and before November 13, 1981 or (II) a share issued pursuant to a specified agreement was extended or the terms or conditions relating to its redemption, acquisition, cancellation, conversion or reduct