Section 127.1

Subsection 127.1(2) - Definitions

Excluded Corporation

See Also

HSC Research Development Corp. v. The Queen, 95 DTC 225, [1995] 1 CTC 2283 (TCC)

The taxpayer was a non-share corporation that initially had been established to commercially exploit technology developed by the Hospital for Sick...

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Words and Phrases
controlled indirectly

Qualifying Corporation

Administrative Policy

26 February 1990 T.I. (July 1990 Access Letter, ΒΆ1334)

Where the corporation initially had a taxable income of $500,000 in 1988 which was then reduced to nil as a result of a non-capital loss incurred...

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