Versions of s. 127.3(2), definition “unused scientific research and experimental development tax credit”

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.

2013-06-26 to present available View Source

unused scientific research and experimental development 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 scientific research and experimental development tax credit for the year, B is the taxpayer’s tax otherwise 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 VIII tax on hand at the end of the year. (partie inutilisée du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental)

Full text

unused scientific research and experimental development 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 scientific research and experimental development tax credit for the year, B is the taxpayer’s tax otherwise 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 VIII tax on hand at the end of the year. (partie inutilisée du crédit d’impôt pour des activités de recherche scientifique et de développement expérimental)
2004-08-31 to 2013-06-26 View Source

unused scientific research and experimental development 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 scientific research and experimental development tax credit for the year, B is the taxpayer’s tax otherwise 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 VIII tax on hand at the end of the year.