Definitions and interpretation
 0.1 (1) In this Regulation, “eligible amalgamation” means an amalgamation of two or more corporations to which section 87 of the Federal Act applies; “eligible event” means, in respect of a corporation, (a) a disposition of property by the corporation before March 22, 2007 where, (i) the property is an eligible property for the purposes of subsection 85 (1) of the Federal Act and a joint election in respect of the disposition is made, (A) under subsection 85 (1) of the Federal Act, and (B) under section 57.9 of the Act, (ii) the property is an eligible property for the purposes of subsection 85 (1) of the Federal Act that is described in paragraph 85 (2) (a) of that Act and a joint election in respect of the disposition is made, (A) under subsection 85 (2) of the Federal Act, and (B) under section 57.9 of the Act, (iii) the property is a share of the capital stock of a taxable Canadian corporation and, (A) section 85.1 of the Federal Act applies in respect of the disposition, and (B) a joint election in respect of the disposition is made under section 57.9 of the Act, or (iv) the property is property referred to in subsection 97 (2) of the Federal Act and a joint election in respect of the disposition is made under that subsection of the Federal Act and under section 57.9 of the Act, (b) a disposition of property by the corporation before March 22, 2007 where the disposition occurs in circumstances to which subsection 142.7 (3) of the Federal Act applies and a joint election in respect of the disposition is made under subsection 57.9.1 (2) of the Act, (c) a disposition of property by the corporation before March 22, 2007 where the proceeds of disposition of the property are determined under subsection 13 (4) or 14 (6) of the Federal Act or under section 44 of that Act and an election in respect of the disposition is made under subsection 57.10 (1) of the Act, (d) the receipt by the corporation of a property referred to in paragraph 88 (1) (a) of the Federal Act in connection with an eligible winding-up that was completed before March 22, 2007, or (e) the receipt by the corporation of property as a consequence of an eligible amalgamation before March 22, 2007; “eligible winding-up” means the winding-up of a corporation in circumstances in which subsection 88 (1) of the Federal Act applies; “exempt event” means a disposition or other event that is not an eligible event under clause (a), (c), (d) or (e) of the definition of “eligible event” in this subsection only because it occurred after March 21, 2007; “fair value” means, in respect of property of a corporation, the amount determined in accordance with generally accepted accounting principles that is the fair value of the property to the corporation, expressed in Canadian currency; “Federal Act” means the Income Tax Act (Canada).  O. Reg. 38/09, s. 1. (2) A disposition that is deemed to be made for the purposes of the Federal Act is a disposition for the purposes of this Regulation.  O. Reg. 38/09, s. 1. (3) An eligible winding-up of a corporation is considered to be completed for the purposes of this Regulation at the time the corporation is dissolved.  O. Reg. 38/09, s. 1. (4) For the purposes of this Regulation and subject to any necessary modifications, unless the context requires otherwise, (a) references in this Part to corporations shall include partnerships; and (b) references to taxation years of corporations shall include fiscal periods of partnerships.  O. Reg. 38/09, s. 1.