Subsection 127.1(2) - Definitions
HSC Research Development Corp. v. The Queen, 95 DTC 225,  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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|Tax Topics - Statutory Interpretation - Interpretation Act - Subsection 45(2)||52|
Re interaction between ss.127.1(2) and 256(2).
26 February 1990 T.I. (July 1990 Access Letter, ¶1334)
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...