16 November 2004 External T.I. 2004-0064821E5 F - 88(1) Bump -- summary under Subparagraph 88(1)(c.3)(i)

CRA noted that an example of a situation where the acquisition of shares of a parent corporation by the vendor would not be covered by s. 88(1)(c.3)(i) (given the concept of specified property in subparagraph 88(1)(c.4)(i)) but would fall within s. 88(1)(c.3)(ii) is Example 2 provided in Income Tax Technical News No. 9.