Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 127.421(6)

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.

  1. 2026-03-26 to present available View Source
    ForThere is not to be included in computing the purposesincome of thisa Act,corporation for a taxation year an amount that is deemed byunder thissubsection section(2) or (3) to have been paid on account of tax payable under this Part for a taxation year is assistance received by the taxpayer from a government in the taxation year in which the assistance is received.year.
    Full text

    There is not to be included in computing the income of a corporation for a taxation year an amount that is deemed under subsection (2) or (3) to have been paid on account of tax payable under this Part for a taxation year.

  2. 2024-06-20 to 2026-03-26 View Source

    For the purposes of this Act, an amount deemed by this section to have been paid on account of tax payable for a taxation year is assistance received by the taxpayer from a government in the taxation year in which the assistance is received.