Versions of s. 111(8), definition “restricted interest and financing expense”

restricted interest and financing expense of a taxpayer for a taxation year means the amount determined by the formula A + B + C where A is the total of all amounts each of which is the portion of an amount that is not deductible in computing the income for the taxation year of the taxpayer from a business or property, or the taxable income of the taxpayer for the year, or does not reduce the amount determined under paragraph 3(b) in respect of the taxpayer for the year, because of subsection 18.2(2), B is the amount determined under paragraph 12(1)(l.2) in respect of the taxpayer for the taxation year, and C is the total of all amounts, each of which is an amount determined by the formula D × E where D is the portion of an amount that is not deductible because of subclause 95(2)(f.11)(ii)(D)(I), or an amount that is included because of subclause 95(2)(f.11)(ii)(D)(II), in determining, in respect of the taxpayer for an affiliate taxation year (as defined in subsection 18.2(1)) of a controlled foreign affiliate of the taxpayer ending in the taxation year, an amount of the affiliate that is described in subparagraph 95(2)(f)(ii), and E is the taxpayer’s specified participating percentage (as defined in subsection 18.2(1)) in respect of the affiliate for the affiliate taxation year; (dépense d’intérêts et de financement restreinte)