Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.))

Act current to 2015-06-09 and last amended on 2015-01-02. Previous Versions

 [Repealed, 2013, c. 34, s. 331]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. 1994, c. 21, s. 91;
  • 2007, c. 2, s. 42;
  • 2013, c. 34, s. 331.

 [Repealed, 2007, c. 2, s. 42]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. 1996, c. 21, s. 50;
  • 2007, c. 2, s. 42.

Administrative Provisions

Marginal note:Return

 A corporation that is or would, but for subsection 190.1(3), be liable to pay tax under this Part for a taxation year shall file with the Minister, not later than the day on or before which the corporation is required by section 150 to file its return of income for the year under Part I, a return of capital for the year in prescribed form containing an estimate of the tax payable under this Part by it for the year.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 190.2;
  • 1994, c. 7, Sch. VIII, s. 113.
Marginal note:Provisions applicable to Part

 Sections 152, 158 and 159, subsection 161(11), sections 162 to 167 and Division J of Part I apply to this Part with such modifications as the circumstances require and, for the purpose of this section, paragraph 152(6)(a) shall be read as follows:

  • “(a) a deduction under subsection 190.1(3) in respect of any unused surtax credit or unused Part I tax credit (within the meanings assigned by subsection 190.1(5)) for a subsequent taxation year,”

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 190.21;
  • 1994, c. 7, Sch. II, s. 161, Sch. VIII, s. 114.
Marginal note:Provisions applicable -- Crown corporations

 Section 27 applies to this Part with any modifications that the circumstances require.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. 1998, c. 19, s. 205.

 [Repealed, 1994, c. 7, s. 114(1)]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 190.22;
  • 1994, c. 7, Sch. VIII, s. 114.

 [Repealed, 1994, c. 7, Sch. VIII, s. 114(1)]

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending Acts. R.S., 1985, c. 1 (5th Supp.), s. 190.23;
  • 1994, c. 7, Sch. II, s. 161, Sch. VIII, s. 114.