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 indirectlyQualifying 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...