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Versions of s. 18.21(1), definition “group net interest expense”

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

    group net interest expense, of a consolidated group for a relevant period, means the amount determined by the formula A − B where A is the amount determined by the formula C − D where C is the specified interest expense of the group for the period, and D is the specified interest income of the group for the period; and B is the total of all amounts each of which is an amount determined, in respect of a specified non-member of the group, by the formula E − F where E is the portion of the amount of the specified interest expense of the group for the period that is paid or payable to the specified non-member, and F is the portion of the amount of the specified interest income of the group for the period that is received or receivable from the specified non-member. (dépenses nettes d’intérêts du groupe)