Income Tax Act — I-3.3 53
ition Canadian exploration expense in subsection 66.1(6), a Canadian exploration expense, (iii) paragraph (g) of the definition Canadian development expense in subsection 66.2(5), a Canadian development expense, or (iv) paragraph (c) of the definition Canadian oil and gas property expense in subsection 66.4(5), a Canadian oil and gas property expense incurred by the taxpayer; (f) where the property was received by the taxpayer as consideration for any payment or loan (i) made before April 20, 1983 by the taxpayer as a shareholder corporation (within the meaning assigned by subsection 66(15)) to a joint exploration corporation of the shareholder, and (ii) described in paragraph (a) of the definition agreed portion in subsection 66(15), or the property was substituted for such a property, such portion of the payment or loan as may reasonably be considered to be related to an agreed portion (within the meaning assigned by subsection 66(15)) of the joint exploration corporation’s (iii) Canadian exploration and development expenses, (iv) Canadian exploration expense, (v) Canadian development expense, or (vi) Canadian oil and gas property expense, as the case may be; (f.1) where the property is a share of the capital stock of a joint exploration corporation resident in Canada and the taxpayer has, after 1971, made a contribution of capital to the corporation otherwise than by way of a loan, which contribution was included in computing the adjusted cost base of the property by virtue of paragraph 53(1)(c), such portion of the contribution as may reasonably be considered to be part of an agreed portion (within the meaning assigned by subsection 66(15)) of the corporation’s (i) Canadian exploration and development expenses, (ii) Canadian exploration expense, (iii) Canadian development expense, or (iv) Canadian oil and gas property expense, as the case may be; (f.2) any amount required by paragraph 66(10.4)(a) to be deducted before that time in computing the adjusted cost base to the taxpayer of the property; (g) where section 80 is applicable in respect of the taxpayer, the amount, if any, by which the adjusted cost base to the taxpayer of the property is required in prescribed manner to be reduced before that time; (g.1) any amount required under paragraph 53(4)(a), 53(5)(a), 53(6)(a), 47(1)(c), 49(3.01)(a), 51(1)(d.1), 86(4)(a) or 87(5.1)(a) or 87(6.1)(a) to be deducted in computing the adjusted cost base to the taxpayer of the property or any amount by which that adjusted cost base is required to be reduced because of subsection 80(9), 80(10) or 80(11); (h) where the property is a capital interest of the taxpayer in a trust (other than an interest in a personal trust that has never been acquired for consideration or an interest of a taxpayer in a trust described in any of paragraphs (a) to (e.1) of the definition trust in subsection 108(1)), (i) any amount paid to the taxpayer by the trust after 1971 and before that time as a distribution or payment of capital by the trust (otherwise than as proceeds of disposition of the interest or part thereof), to the extent that the amount became payable before 1988, (i.1) any amount that has become payable to the taxpayer by the trust after 1987 and before that time in respect of the interest (otherwise than as proceeds of disposition of the interest or part thereof), except to the extent of the portion thereof (A) that was included in the taxpayer’s income by reason of subsection 104(13) or from which an amount of tax was deducted under Part XIII by reason of paragraph 212(1)(c), (A.1) that was deemed by subsection 104(16) to be a dividend received by the taxpayer, or (B) where the trust was resident in Canada throughout its taxation year in which the amount became payable (I) that is equal to the amount designated by the trust under subsection 104(21) in respect of the taxpayer, (II) that was designated by the trust under subsection 104(20) in respect of the taxpayer, or (III) that is an ass