Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 133(8), definition “allowable refund”

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. 2013-06-26 to present available View Source
    allowable refund of a non-resident-owned investment corporation for a taxation year means the total of amounts each of which is an amount in respect of a taxable dividend paid by the corporation in the year on a share of its capital stock, determined by the formula A/B × C where A is the corporation’s allowable refundable tax on hand immediately before the dividend was paid, B is the greater of the amount of the dividend so paid and the corporation’s cumulative taxable income immediately before the dividend was paid, and C is the amount of the dividend so paid; (remboursement admissible)
    Full text

    allowable refund of a non-resident-owned investment corporation for a taxation year means the total of amounts each of which is an amount in respect of a taxable dividend paid by the corporation in the year on a share of its capital stock, determined by the formula A/B × C where A is the corporation’s allowable refundable tax on hand immediately before the dividend was paid, B is the greater of the amount of the dividend so paid and the corporation’s cumulative taxable income immediately before the dividend was paid, and C is the amount of the dividend so paid; (remboursement admissible)

  2. 2004-08-31 to 2013-06-26 View Source

    allowable refund of a non-resident-owned investment corporation for a taxation year means the total of amounts each of which is an amount in respect of a taxable dividend paid by the corporation in the year on a share of its capital stock, determined by the formula A/B × C where A is the corporation’s allowable refundable tax on hand immediately before the dividend was paid, B is the greater of the amount of the dividend so paid and the corporation’s cumulative taxable income immediately before the dividend was paid, and C is the amount of the dividend so paid;