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Versions of s. 93.4(6)(i)

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. 2026-03-26 to present available View Source

    the amount, if any, determined by the formula A + B where A is the lesser of the amount, if any, determined by the formula C × D where C is the affiliate’s underlying FABI surplus tax (as defined in subsection 93.4(1) of the Act) in respect of the corporation at that time, and D is the amount by which the amount that would be the corporation’s relevant tax factor (as defined in subsection 95(1) of the Act) for the corporation’s taxation year that includes that time if it were determined under paragraph (a) of that definition, exceeds one, and the affiliate’s FABI surplus (as defined in subsection 93.4(1) of the Act) in respect of the corporation at that time, and B is the lesser of the amount, if any, determined by the formula E × F where E is the affiliate’s underlying foreign tax other than its underlying FABI surplus tax (as defined in subsection 93.4(1) of the Act) in respect of the corporation at that time, and F is the amount by which the corporation’s relevant tax factor (as defined in subsection 95(1) of the Act) for the corporation’s taxation year that includes that time, exceeds one, and the affiliate’s taxable surplus other than its FABI surplus (as defined in subsection 93.4(1) of the Act) in respect of the corporation at that time, and