Notifiable Transactions Regulations
4 (1) For the purposes of sections 109 and 110 of the Act, in determining the aggregate value of assets, the following amounts shall be deducted:
(a) any amount that represents duplication arising from transactions between affiliates;
(b) any amount that represents duplication arising from an ownership interest of one person in another person, whether or not those persons are affiliated; and
(c) any amount provided for depreciation or diminution of value.
(2) For the purposes of sections 109 and 110 of the Act, in determining the aggregate value of assets, no amount shall be deducted for liabilities or encumbrances.
(3) The aggregate value of assets shall be expressed in Canadian dollars.
(4) The conversion into Canadian dollars of the aggregate amount of assets reported in foreign currency shall be based on the noon exchange rate quoted by the Bank of Canada on the date that the aggregate value of assets is to be determined in accordance with these Regulations.
- SOR/2000-8, s. 2
- SOR/2010-22, s. 11
- Date modified: