Versions of s. 66.2(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.

2026-03-26 to present available View Source

the amount determined by the formula A(B − C) where A is for taxation years that end before 2024, 15%, for taxation years that begin before 2024 and end after 2023, the amount determined by the formula 0.15(I/J) + 0.075(K/J) where I is the total of all accelerated Canadian development expenses incurred by the taxpayer before 2024 and in the taxation year, J is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and K is the total of all accelerated Canadian development expenses incurred by the taxpayer after 2023 and in the taxation year, and for taxation years that begin after 2023, 7.5%, B is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and C is the amount determined by the formula(D − E) − (F − G − H) where D is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, E is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the beginning of the taxation year, F is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, G is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the preceding taxation year, and H is the amount determined for B.B, and

Full text

the amount determined by the formula A(B − C) where A is for taxation years that end before 2024, 15%, for taxation years that begin before 2024 and end after 2023, the amount determined by the formula 0.15(I/J) + 0.075(K/J) where I is the total of all accelerated Canadian development expenses incurred by the taxpayer before 2024 and in the taxation year, J is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and K is the total of all accelerated Canadian development expenses incurred by the taxpayer after 2023 and in the taxation year, and for taxation years that begin after 2023, 7.5%, B is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and C is the amount determined by the formula(D − E) − (F − G − H) where D is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, E is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the beginning of the taxation year, F is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, G is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the preceding taxation year, and H is the amount determined for B, and
2019-06-21 to 2026-03-26 View Source

the amount determined by the formula A(B − C) where A is for taxation years that end before 2024, 15%, for taxation years that begin before 2024 and end after 2023, the amount determined by the formula 0.15(I/J) + 0.075(K/J) where I is the total of all accelerated Canadian development expenses incurred by the taxpayer before 2024 and in the taxation year, J is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and K is the total of all accelerated Canadian development expenses incurred by the taxpayer after 2023 and in the taxation year, and for taxation years that begin after 2023, 7.5%, B is the total of all accelerated Canadian development expenses incurred by the taxpayer in the taxation year, and C is the amount determined by the formula(D − E) − (F − G − H) where D is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, E is the total of the amounts determined for E to O in the definition cumulative Canadian development expense in subsection (5) at the beginning of the taxation year, F is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the taxation year, G is the total of the amounts determined for A to D.1 in the definition cumulative Canadian development expense in subsection (5) at the end of the preceding taxation year, and H is the amount determined for B.