Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 18.21(1), definition “specified interest income”

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

    specified interest income, of a consolidated group for a relevant period, means the amount determined by the formula A − B where A is the total of all amounts, each of which is an amount of interest income used in determining the amounts reported in the consolidated financial statements of the consolidated group for the relevant period, the amount of a guarantee fee, standby charge, arrangement fee or similar fee received or receivable that is used in determining the amounts reported in those statements and that is not included in paragraph (a), or an amount referred to in paragraph (a) or (b) that is included in the determination of the net income or loss of an equity-accounted entity, to the extent of the consolidated group’s share of that income or loss; and B is the total of all amounts each of which is the amount of a dividend included in the determination of an amount referred to in any of paragraphs (a) to (c) of the description of A. (revenus d’intérêts déterminés)