Versions of s. 126(6)(d)

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.

2018-01-01 to present available View Source

if, in computing a taxpayer’s income for a taxation year from a business carried on by the taxpayer in Canada, an amount is included in respect of interest paid or payable to the taxpayer by a person resident in a country other than Canada, and the taxpayer has paid to the government of that other country a non-business-income tax for the year with respect to the amount, the amount is, in applying the definition qualifying incomes in subsection (7) for the purpose of subsection (1), deemed to be income from a source in that other country.

Full text

if, in computing a taxpayer’s income for a taxation year from a business carried on by the taxpayer in Canada, an amount is included in respect of interest paid or payable to the taxpayer by a person resident in a country other than Canada, and the taxpayer has paid to the government of that other country a non-business-income tax for the year with respect to the amount, the amount is, in applying the definition qualifying incomes in subsection (7) for the purpose of subsection (1), deemed to be income from a source in that other country.
2013-06-26 to 2018-01-01 View Source

if, in computing a taxpayer’s income for a taxation year from a business carried on by the taxpayer in Canada, an amount is included in respect of interest paid or payable to the taxpayer by a person resident in a country other than Canada, and the taxpayer has paid to the government of that other country a non-business-income tax for the year with respect to the amount, the amount is, in applying the definition qualifying incomes in subsection (7) for the purpose of subsection (1), deemed to be income from a source in that other country.