Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 125(2)

I-3.3 — Income Tax Act · 4 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2019-01-01 to present available View Source
    For the purpose of this section, a corporation’s business limit for a taxation year is $500,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil.
    Full text

    For the purpose of this section, a corporation’s business limit for a taxation year is $500,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil.

  2. 2009-03-12 to 2019-01-01 View Source
    For the purpose of this section, a corporation’s business limit for a taxation year is $400,000$500,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil.
    Full text

    For the purpose of this section, a corporation’s business limit for a taxation year is $500,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil.

  3. 2007-02-21 to 2009-03-12 View Source
    For the purpose of this section, a corporation’s business limit for a taxation year is $300,000$400,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporationscorporations, in which case, except as otherwise provided in this section, its business limit for the year is nil.
    Full text

    For the purpose of this section, a corporation’s business limit for a taxation year is $400,000 unless the corporation is associated in the taxation year with one or more other Canadian-controlled private corporations, in which case, except as otherwise provided in this section, its business limit is nil.

  4. 2004-08-31 to 2007-02-21 View Source

    For the purpose of this section, a corporation’s business limit for a taxation year is $300,000 unless the corporation is associated in the year with one or more other Canadian-controlled private corporations in which case, except as otherwise provided in this section, its business limit for the year is nil.