Government of Canada / Gouvernement du Canada
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Notifiable Transactions Regulations

Version of section 12 from 2010-02-02 to 2024-05-28:

  •  (1) If the aggregate value of a person’s assets cannot reasonably be determined in accordance with subsection 8(2) or 9.1(2) or section 10, the aggregate value of the assets

    • (a) shall equal the aggregate amount of the assets as stated in the books of the person with such adjustment as may be necessary to ensure that the determination is in accordance with the accounting principles referred to in paragraph 3(a); and

    • (b) shall be determined as of the most recent date that the amount can reasonably be determined, provided that that date is within three months prior to the reference date.

  • (2) The determination of the aggregate value of assets referred to in subsection (1) is subject to the requirements of section 4.

  • SOR/2000-8, s. 5(F)
  • SOR/2010-22, s. 5

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