Versions of s. 125.4(1), definition “labour expenditure”

I-3.3 — Income Tax Act · 2 versions · View current text

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

2014-12-16 to present available View Source

labour ~~expenditure~~expenditure, of a corporation for a taxation year in respect of a ~~property of the corporation that is a~~ Canadian film or video ~~production~~production, means, in the case of a corporation that is not a qualified corporation for the taxation year, nil, and in the case of a corporation that is a qualified corporation for the taxation year, subject to subsection ~~125.4(2),~~(2), the total of the following amounts to the extent that they are reasonable in the circumstances and included in the cost ~~or,~~to, or in the case of depreciable ~~property,~~property the capital cost toto, the ~~corporation~~corporation, or any other person or partnership, of the ~~property:~~production:

Full text

labour expenditure, of a corporation for a taxation year in respect of a Canadian film or video production, means, in the case of a corporation that is not a qualified corporation for the taxation year, nil, and in the case of a corporation that is a qualified corporation for the taxation year, subject to subsection (2), the total of the following amounts to the extent that they are reasonable in the circumstances and included in the cost to, or in the case of depreciable property the capital cost to, the corporation, or any other person or partnership, of the production:
2004-08-31 to 2014-12-16 View Source

labour expenditure of a corporation for a taxation year in respect of a property of the corporation that is a Canadian film or video production means, in the case of a corporation that is not a qualified corporation for the year, nil, and in the case of a corporation that is a qualified corporation for the year, subject to subsection 125.4(2), the total of the following amounts to the extent that they are reasonable in the circumstances and included in the cost or, in the case of depreciable property, the capital cost to the corporation of the property: