Income Tax Regulations (C.R.C., c. 945)
Full Document:
- HTMLFull Document: Income Tax Regulations (Accessibility Buttons available) |
- XMLFull Document: Income Tax Regulations [5562 KB] |
- PDFFull Document: Income Tax Regulations [8213 KB]
Regulations are current to 2026-09-30 and last amended on 2026-06-18. Previous Versions
8601 For the purpose of determining the taxable capital employed in Canada of a corporation for a taxation year under subsection 181.2(1) of the Act, the prescribed proportion of the corporation’s taxable capital (as determined under Part I.3 of the Act) for the year is the amount determined by the formula
A × (B / C)
where
- A
- is the taxable capital (as determined under Part I.3 of the Act) of the corporation for the year,
- B
- is the total of all amounts each of which is the amount, determined in accordance with Part IV (or, in the case of an airline corporation, that would be so determined if the corporation had a permanent establishment in every province and if paragraphs 407(1)(a) and (b) were read without reference to the words “in Canada”), of the corporation’s taxable income earned in the year in a particular province or the amount of its taxable income that would, pursuant to that Part, be earned in the year in a province if all permanent establishments of the corporation in Canada were in a province, and
- C
- is the corporation’s taxable income for the year,
except that, where the corporation’s taxable income for the year is nil, the corporation shall, for the purposes of this section, be deemed to have a taxable income for the year of $1,000.
- [NOTE: Application provisions are not included in the consolidated text
- see relevant amending Acts and regulations.]
- SOR/94-298, s. 2
- SOR/94-686, ss. 43(F)
- 79(F)
Page Details
- Date modified: