Subsection 124(1) - Deduction from corporation tax
Administrative Policy
18 October 89 Meeting with Quebec Accountants, Q.8 (April 90 Access Letter, ΒΆ1166)
RC acknowledges that a taxable capital gain realized by a non-resident corporation from the disposition of taxable Quebec property will not be...
Subsection 124(4) - Definitions
Taxable Income Earned in the Year in a Province
See Also
Noranda Mines Ltd. v. The Queen, 85 DTC 5001, [1984] CTC 659 (FCA)
The words "taxable income earned in the year" in former s. 124(2)(b) referred to income for the year minus the deductions permitted by Division C...
Words and Phrases
taxable income earned in the yearAdministrative Policy
85 C.R. - Q.7
RC does not accept a provincial request to change the allocation of taxable income of the provinces until it is satisfied that the provincial...