Income Tax Regulations
Version of section 413.1 from 2009-03-12 to 2013-06-25:
413.1 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
- Date modified: