Versions of s. 34.1(2)(d)

I-3.3 — Income Tax Act · 2 versions · View current text

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

2014-12-16 to present available View Source

the amount determined by the formula(A - B) × C/D where A is the individual’s income from the business for the particular period, B is the lesser of the total of all amounts each of which is an amount included in the value of A in respect of the business and that is deemed to be a taxable capital gain for the purpose of section 110.6, and the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the taxation year that includes the end of the particular period, C is the number of days on which the individual carries on the business that are both in the year and in the particular period, and D is the number of days on which the individual carries on the business that are in the particular period.

Full text

the amount determined by the formula(A - B) × C/D where A is the individual’s income from the business for the particular period, B is the lesser of the total of all amounts each of which is an amount included in the value of A in respect of the business and that is deemed to be a taxable capital gain for the purpose of section 110.6, and the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the taxation year that includes the end of the particular period, C is the number of days on which the individual carries on the business that are both in the year and in the particular period, and D is the number of days on which the individual carries on the business that are in the particular period.
2004-08-31 to 2014-12-16 View Source

the amount determined by the formula(A - B) × C/D where A is the individual’s income from the business for the particular period, B is the lesser of the total of all amounts each of which is an amount included in the value of A in respect of the business and that is deemed to be a taxable capital gain for the purpose of section 110.6, and the total of all amounts deducted under section 110.6 in computing the individual’s taxable income for the taxation year that includes the end of the particular period, C is the number of days on which the individual carries on the business that are both in the year and in the particular period, and D is the number of days on which the individual carries on the business that are in the particular period.