Income Tax Act — I-3.3 248
 prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 with a public authority pursuant to and in accordance with the securities legislation of the jurisdiction in which the shares are distributed, (c) a share (in this paragraph referred to as the “new share”) of the capital stock of a corporation that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 in exchange for (i) a share of a corporation that was issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 or is a grandfathered share, or (ii) a debt obligation of a corporation that was (A) issued before 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987, or (B) issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 under an agreement in writing entered into before that time, or after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the debt obligation is distributed, where the right to the exchange and all or substantially all the terms and conditions of the new share were established in writing before that time, and (d) a share of a class of the capital stock of a Canadian corporation listed on a designated stock exchange that is issued after 8:00 p.m. Eastern Daylight Saving Time, June 18, 1987 on the exercise of a right that (i) was issued before that time, that was issued after that time under an agreement in writing entered into before that time or that was issued after that time and before 1988 as part of a distribution to the public made in accordance with the terms of a prospectus, preliminary prospectus, registration statement, offering memorandum or notice filed before that time with a public authority under and in accordance with the securities legislation of the jurisdiction in which the rights were distributed, and (ii) was listed on a designated stock exchange, where all or substantially all the terms and conditions of the right and the share were established in writing before that time, except that a share that is deemed under the definition short-term preferred share , taxable preferred share or term preferred share in this subsection or under subsection 112(2.22) to have been issued at any time is deemed after that time not to be a grandfathered share for the purposes of that provision; ( action de régime transitoire ) gross revenue of a taxpayer for a taxation year means the total of (a) all amounts received in the year or receivable in the year (depending on the method regularly followed by the taxpayer in computing the taxpayer’s income) otherwise than as or on account of capital, and (b) all amounts (other than amounts referred to in paragraph (a)) included in computing the taxpayer’s income from a business or property for the year because of subsection 12(3) or (4) or section 12.2 of this Act or subsection 12(8) of the Income Tax Act , chapter 148 of the Revised Statutes of Canada, 1952; ( revenu brut ) group term life insurance policy means a group life insurance policy under which the only amounts payable by the insurer are (a) amounts payable on the death or disability of individuals whose lives are insured in respect of, in the course of or because of, their office or employment or former office or employment, and (b) policy dividends or experience rating refunds; ( police d’assurance-vie collective temporaire ) highest individual percentage , for a taxation year, means the highest percentage referred to in subsection 117(2) for the taxation year; ( taux d’imposition supérieur pour l’année ) home relocation loan means a loan received by an individual or the individual’s spouse or common-law partner in circumstances where the ind