Versions of s. 127.2(6), definition “unused share purchase tax credit”

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

2004-08-31 to present available View Source

unused share-purchase tax credit of a taxpayer for a taxation year means the amount determined by the formula A - (B + C) where A is the taxpayer’s share-purchase tax credit for the year, B is the taxpayer’s tax otherwise payable under this Part for the year, the amount deemed by subsection 127.2(2) to have been paid on account of the taxpayer’s tax payable under this Part for the year or, where Division E.1 is applicable to the taxpayer for the year, the amount, if any, by which the taxpayer’s tax otherwise payable under this Part for the year exceeds the taxpayer’s minimum amount for the year determined under section 127.51, as the case may be, and C is the taxpayer’s refundable Part VII tax on hand at the end of the year. (partie inutilisée du crédit d’impôt à l’achat d’actions)