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Versions of s. 34.2(4)

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.

  1. 2013-12-12 to present available View Source
    AIf corporation may deduct in computing its income for a taxation year eachan amount that was included in computing itsthe income of a corporation in respect of a partnership for the immediately preceding taxation year under subsection (2) or (3).(3),
    Full text

    If an amount was included in computing the income of a corporation in respect of a partnership for the immediately preceding taxation year under subsection (2) or (3),

  2. 2011-12-15 to 2013-12-12 View Source
    SubjectA to subsection 34.2(6), where a taxpayer carries on a business in a particular taxation year, therecorporation may be deducteddeduct in computing the taxpayer’sits income for thea taxation year fromeach theamount business,that aswas aincluded reservein computing its income in respect of Decembera 31,partnership 1995 income, such amount asfor the taxpayerimmediately claimspreceding nottaxation exceedingyear theunder leastsubsection of(2) or (3).
    Full text

    A corporation may deduct in computing its income for a taxation year each amount that was included in computing its income in respect of a partnership for the immediately preceding taxation year under subsection (2) or (3).

  3. 2004-08-31 to 2011-12-15 View Source

    Subject to subsection 34.2(6), where a taxpayer carries on a business in a particular taxation year, there may be deducted in computing the taxpayer’s income for the year from the business, as a reserve in respect of December 31, 1995 income, such amount as the taxpayer claims not exceeding the least of