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...
Words and Phrases
controlled indirectly| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Statutory Interpretation - Interpretation Act - Subsection 45(2) | 52 |
Qualifying Corporation
Administrative Policy
24 March 1994 External T.I. 9336195 - INVESTMENT TAX CREDIT
Re interaction between ss.127.1(2) and 256(2).
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...