S5-F2-C1 - Foreign Tax Credit -- attach -- Section 110.5
creates non-capital losses
Section 110.5
IT-270R2 "Foreign Tax Credit" under "Addition to Taxable Income" -- attach -- Section 110.5
29 March 2004 External T.I. 2003-0040581E5 - Section 110.5 and Foreign Tax Credit -- attach -- Section 110.5
designed only to address wasted FTCs
18 December 2012 Internal T.I. 2012-0461651I7 - Foreign Tax Credits - s. 126 vs. s. 110.5 -- attach -- Section 110.5
policy of s. 110.5
9 December 2010 Internal T.I. 2010-0379801I7 - Additions to taxable income to utilize FTCs -- attach -- Section 110.5
non-extended adjustment period/84-1 not available
16 July 2013 Internal T.I. 2013-0481151I7 - Application of 152(4)(b)(iv) and 110.5 -- attach -- Section 110.5
extended s. 152(4)(b)(iv) period/IC 84-1
7 February 2014 Internal T.I. 2013-0512601I7 - Clarification of 2013-0481151I7 -- attach -- Section 110.5
110.5 addition not a permissible 84-1 adjustment
Loveland, "Acquisition of a U.S. Business by Canadians: A Canadian Perspective", 1991 Corporate Management Tax Conference Report, c. 11 -- attach -- Section 110.5
24 July 2014 External T.I. 2014-0522861E5 - Section 110.5 and provincial FTC -- attach -- Section 110.5
NBIT may be fully offset by federal credit so that no Ontario FTC available
