Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 125.7(1), definition “prior year revenue decline”

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. 2021-12-17 to present available View Source

    prior year revenue decline, of an eligible entity means, the average of all percentages each of which would, if the Act were read without reference to subsection 125.7(9) and section 257, be the revenue reduction percentage of the eligible entity for a qualifying period