Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 125.6(2.1)(d)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2024-06-20 to present available View Source

    if the fiscal period begins after 2026, an amount determined by the formula(0.25 × A − B) × C ÷ D where A is the total of all amounts each of which is a qualifying labour expenditure of the qualifying journalism organization for the fiscal period in respect of an eligible newsroom employee, B is the amount received by the qualifying journalism organization from the Aid to Publishers component of the Canada Periodical Fund in the fiscal period, C is the specified proportion of the taxpayer for the fiscal period, and D is the total of all specified proportions of members of the partnership for the fiscal period, other than members that are partnerships or specified members of the partnership.