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Versions of s. 14(1)(b)

I-3.3 — Income Tax Act · 1 version

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

  1. 2004-08-31 to 2017-01-01 View Source

    the amount, if any, determined by the formula 2/3 × (A - B - C - D) where A is the excess, B is the amount determined for F in the definition cumulative eligible capital in subsection (5) at the end of the year in respect of the business, C is 1/2 of the amount determined for Q in the definition cumulative eligible capital in subsection (5) at the end of the year in respect of the business, and D is the amount claimed by the taxpayer, not exceeding the taxpayer’s exempt gains balance for the year in respect of the business.