← Historical versions

Versions of s. 18.2(19)(a)(ii)

I-3.3 — Income Tax Act · 1 version · View current text

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

  1. 2024-06-20 to present available View Source

    the amount determined by the formula A + B where A is the amount determined by the formula(C − D) × E ÷ C where C is the total of all amounts, each of which would — if the relevant inter-affiliate interest were not paid or payable — be, in respect of the payer affiliate for the payer affiliate year, the specified participating percentage of the taxpayer, or another taxpayer that is an eligible group entity in respect of the taxpayer, and D is the total of all amounts, each of which is, in respect of the recipient affiliate for the recipient affiliate year, the specified participating percentage of the taxpayer, or another taxpayer that is an eligible group entity in respect of the taxpayer, and E is the relevant inter-affiliate interest, and B is the lesser of the relevant inter-affiliate interest, and the amount determined by the formula(F − G) × H ÷ I where F is the payer affiliate’s relevant affiliate interest and financing revenues for the payer affiliate year, G is the amount that would be the payer affiliate’s relevant affiliate interest and financing expenses for the payer affiliate year if the payer affiliate had no relevant inter-affiliate interest for the payer affiliate year, H is the amount determined for E, and I is the total of all amounts, each of which is an amount of relevant inter-affiliate interest of the payer affiliate for the payer affiliate year that would, in the absence of this paragraph, be included in the payer affiliate’s relevant affiliate interest and financing expenses; and