Versions of s. 125(7), definition “specified partnership loss”

I-3.3 — Income Tax Act · 3 versions · View current text

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

2019-01-01 to present available View Source

specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A + B where A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with ~~subdivision~~Subdivision jJ of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership, and B is the total of all amounts each of which is an amount determined by the formula G - H where G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business. (perte de société de personnes déterminée)

Full text

specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A + B where A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with Subdivision J of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership, and B is the total of all amounts each of which is an amount determined by the formula G - H where G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business. (perte de société de personnes déterminée)
2016-06-22 to 2019-01-01 View Source

specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A + B where A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with subdivision j of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership, and B is the total of all amounts each of which is an amount determined by the formula G - H where G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business. (perte de société de personnes déterminée)

Full text

specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A + B where A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with subdivision j of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership, and B is the total of all amounts each of which is an amount determined by the formula G - H where G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business. (perte de société de personnes déterminée)
2004-08-31 to 2016-06-22 View Source

specified partnership loss of a corporation for a taxation year means the total of all amounts each of which is an amount in respect of a partnership of which the corporation was a member in the year determined by the formula A + B where A is the total of all amounts each of which is the corporation’s share of the loss (determined in accordance with subdivision j of Division B) of the partnership for a fiscal period ending in the year from an active business carried on in Canada by the corporation as a member of the partnership, and B is the total of all amounts each of which is an amount determined by the formula G - H where G is the amount determined for H in the definition specified partnership income in this subsection for the year in respect of the corporation’s income from an active business carried on in Canada by the corporation as a member of the partnership, and H is the amount determined for G in the definition specified partnership income in this subsection for the year in respect of the corporation’s share of the income from the business.