Corporations Tax Act

Section 79

Subsection 79(7)

Cases

Stonehouse Group Inc. v. Ontario (Finance), 2021 ONCA 10

As a result of being reassessed in 2013 to deny the carryback of a loss, the taxpayer was required to pay the reassessed taxes for 2013,...

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Locations of other summaries Wordcount
Tax Topics - Statutory Interpretation - Absurdities “the principle that governments have the right to legislate illogically” was “not … persuasive” 205

Subsection 11(5.1)

Administrative Policy

Bulletin 3004 "Management Fees, Rent, Royalties and Similar Amounts Paid or Payable to Non-residents" January 2002

2. Subsection 11(5.1) describes the payments which must be added to income. These payments fall into the following categories:

1. Management or...

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Section 53

Cases

Harold Gross Machinery Inc. v. Minister of Finance (1998), 162 DLR (4th) 509 (Ont CA)

The taxpayer, which was required to provide a guarantee of payment for its purchases of machinery worldwide, did so by having its bank arrange...

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Subsection 53(1)

Cases

Upper Lake Shipping Ltd. v. Minister of Finance, 98 DTC 6264, [1998] 3 CTC 281 (Ont CA)

Given that generally accepted accounting principles require that a government grant relating to a capital asset be included in retained earnings...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 181.2 - Subsection 181.2(3) 57

Subsection 53(1)

Section 57.9

Subsection 57.9(1)

Administrative Policy

Ontario corporate minimum tax 25 April 2020

Canadian GAAP or IFRS

Corporate minimum tax is based on the adjusted net income of a corporation. The adjusted net income is a corporation's net...

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Section 61

Cases

QEW 427 Dodge Chrysler (1991) Inc. v. Minister of Revenue (2000), 49 OR (3d) 776 (S CT J), aff'd (2002), 50 OR (3d) 460 (S Ct J, Div Ct), 2002 DTC 7228

Chrysler Canada would sell cars to the taxpayer (an automobile dealer) under conditional sales contracts, and sell the conditional sales contracts...

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Words and Phrases
accounts payable

Regulations

Regulation 302

Subsection 302(7)

Cases

W.E. Roth Construction Ltd. v. Minister of Finance (2001), 141 OAC 366 (CA)

The taxpayer managed its Ontario properties through four Ontario employees, whereas its Alberta properties were managed by three corporations...

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