Income Tax Regulations

Version of section 414 from 2004-08-31 to 2009-03-11:


 For the purpose of subsection 123(2) of the Act, the “amount taxable earned by the corporation in the year in the Nova Scotia offshore area”, in respect of a corporation for a taxation year, means the amount of taxable income of the corporation earned in the year that would be allocated under this Part to the Nova Scotia offshore area if the reference to the word “province” in this Part were read as “Nova Scotia offshore area”.

  • NOTE: Application provisions are not included in the consolidated text;
  • see relevant amending regulations. SOR/85-741, s. 1;
  • SOR/94-686, s. 79(F).