Versions of s. 18(5), definition “tax paid earnings”

I-3.3 — Income Tax Act · 3 versions · View current text

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

2018-12-13 to present available View Source

tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A – B where A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year. (bénéfices libérés d’impôt)

Full text

tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A – B where A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year. (bénéfices libérés d’impôt)
2016-12-15 to 2018-12-13 View Source

tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A – B where A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year. (bénéfices libérés d’impôt)

Full text

tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A – B where A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year. (bénéfices libérés d’impôt)
2013-12-12 to 2016-12-15 View Source

tax-paid earnings, of a trust resident in Canada for a taxation year, means the total of all amounts each of which is the amount in respect of a particular taxation year of the trust that ended before the year determined by the formula A – B where A is the taxable income of the trust under this Part for the particular year, and B is the total of tax payable under this Part by the trust, and all income taxes payable by the trust under the laws of a province, for the particular year.