Section 211.91

Subsection 211.91(1)

For its 2002 to 2006 years, the taxpayer (“Tusk Exploration” - a Canadian exploration company) renounced Canadian exploration expenses...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 248 - Subsection 248(28)	potential for double taxation under the ITA of NAL transactions	307
Tax Topics - Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(a)	double taxation can result from non-arm’s length transactions such as under s. 69(1)	301
Tax Topics - Income Tax Act - Section 66 - Subsection 66(12.6)	only a PBC can renounce	61

In January 2020, a principal-business corporation (“PBC”) renounces (with an effective date of December 31, 2019, under the look-back rule)...

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Regarding the proposed amendments (principally ss. 66(12.6001), 66(12.731) and 211.91(2.1)) released on December 16, 2020 generally relating to a...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 66 - Subsection 66(12.731)	filings can be made relying on draft COVID extensions	188