Bill C-103
If you have any questions or comments regarding the accessibility of this publication, please contact us at accessible@parl.gc.ca.
|
|
PART II |
|
| R.S., c. 1 (5th
Supp.); 1994,
cc. 7, 8, 13,
21, 28, 29, 38,
41; 1995, cc.
1, 3
|
INCOME TAX ACT |
|
|
|
5. (1) Section 19 of the Income Tax Act is
amended by adding the following after
subsection (7):
|
|
| Non-Canadian
newspaper or
periodical
|
(8) Where at any time one or more persons
or partnerships that are not described in any of
paragraphs (a) to (e) of the definition
``Canadian newspaper or periodical'' in
subsection (5) have any direct or indirect
influence that, if exercised, would result in
control in fact of a person or partnership that
holds a right to produce or publish issues of a
newspaper or periodical, the newspaper or
periodical is deemed not to be a Canadian
newspaper or periodical at that time.
|
|
|
|
(2) Subsection (1) applies after the day
this Act is assented to, except that it does not
apply to a newspaper or periodical where
the influence that would result in control in
fact of a person or partnership that holds
the right to produce or publish the
newspaper or periodical arose as a
consequence of a transaction or series of
transactions that was completed before
April 1993.
|
|