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Income Tax Regulations

Version of section 413.1 from 2009-03-12 to 2013-06-25:


 Despite any other provision in this Part, a corporation’s taxable income earned in a taxation year in a particular province is equal to the total of

  • (a) the corporation’s taxable income earned in the taxation year in the particular province (determined without reference to this section), and

  • (b) the positive or negative amount determined by the formula

    A – B

    where

    A
    is the total of all amounts that are, because of the application of section 33.1 of the Act to a business carried on in a branch or office situated in the particular province, not allowed to be deducted in computing the corporation’s income for the taxation year, and
    B
    is the total of all amounts that are, because of the application of section 33.1 of the Act to a business carried on in a branch or office situated in the particular province, not required to be added in computing the corporation’s income for the taxation year.
  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 2009, c. 2, s. 96

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