used

Summary Under
Tax Topics - Income Tax Regulations - Regulation 1100 - Subsection 1100(14)
qualitative and quantitative test applied re the use test

In discussing the quantitative and qualitative tests that had been applied in the jurisprudence (including Gulf), the Directorate stated:

The...

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Words and Phrases
used
Summary Under
Tax Topics - Income Tax Act - Section 110.6 - Subsection 110.6(1) - Qualified Small Business Corporation Share - Paragraph (c)
a future income tax asset (including one not recognized on the balance sheet) must be taken into account for QSBCS and SBC purposes, but is not used in the business

CCRA indicated that, for the purposes of the “qualified small business corporation share” and “small business corporation” definitions, is...

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Words and Phrases
asset used
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