Words and Phrases - "entitled to receive"

a
67
b
31
c
49
d
38
e
29
f
22
g
13
h
10
i
55
j
1
k
2
l
22
m
39
n
21
o
30
p
65
q
1
r
52
s
63
t
36
u
9
v
8
w
12
y
1

6 September 2011 External T.I. 2010-0389011E5 F - L'interprétation de " est en droit de recevoir"

Summary Under
Tax Topics - Income Tax Act - Section 13 - Subsection 13(7.1)
taxpayer is entitled to receive Quebec M&P credit at end of year in which the eligible expenditures were incurred

Is a taxpayer "entitled to receive" the amount of the investment tax credit for manufacturing and processing equipment in Québec (the “Credit") for the purposes of s. 13(7.1) if it has not filed the prescribed form for the credit? CRA stated:

[T[he prescribed form is not considered [by the ARQ] as an important condition for obtaining the Credit. Accordingly … if a taxpayer incurred eligible expenses for the purposes of section 1029.8.36.166.43 of the QTA in a taxation year … the taxpayer will be entitled to receive the Credit at the end of that taxation year.

Words and Phrases
entitled to receive