Versions of s. 90(9)(a)(i)(B)

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.

2017-12-14 to present available View Source

paragraph 113(1)(a.1), in respect of the hybrid surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, if the amount of that hybrid surplus is less than or equal to the amount determined by the formula[A × (B – 0.5)] + (C × 0.5) where A is the affiliate’s hybrid underlying tax in respect of the corporation at the lending time, B is the corporation’s relevant tax factor (within the meaning assigned by subsection 95(1)) for the corporation’s taxation year that includes the lending time, and C is the affiliate’s hybrid surplus in respect of the corporation at the lending time,

Full text

paragraph 113(1)(a.1), in respect of the hybrid surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, if the amount of that hybrid surplus is less than or equal to the amount determined by the formula[A × (B – 0.5)] + (C × 0.5) where A is the affiliate’s hybrid underlying tax in respect of the corporation at the lending time, B is the corporation’s relevant tax factor (within the meaning assigned by subsection 95(1)) for the corporation’s taxation year that includes the lending time, and C is the affiliate’s hybrid surplus in respect of the corporation at the lending time,
2013-06-26 to 2017-12-14 View Source

paragraph 113(1)(a.1), in respect of the hybrid surplus — at the lending time, in respect of the corporation — of a foreign affiliate of the corporation, if the amount of that hybrid surplus is less than or equal to the amount determined by the formula[A × (B – 0.5)] + (C × 0.5) where A is the affiliate’s hybrid underlying tax in respect of the corporation at the lending time, B is the corporation’s relevant tax factor (within the meaning assigned by subsection 95(1)) for the corporation’s taxation year that includes the lending time, and C is the affiliate’s hybrid surplus in respect of the corporation at the lending time,