I-3, r. 1 - Regulation respecting the Taxation Act

Section 360r83 Disposition versions

2012-09-01

360R83. A taxpayer that is a corporation may deduct in computing its income for a taxation year an amount not exceeding the lesser of

(a)  the aggregate of

i.  50% of its income for the year as computed under Part I of the Act, but without considering the amount referred to in subparagraph ii and before any deduction under this section and section 360R65, and

ii.  the amount included in its income for the year under paragraphs c and d of section 332.1 of the Act; and

(b)  its additional depletion at the end of the year, computed before any deduction for the year under this section.

s. 360R47; O.C. 1983-80, s. 28; R.R.Q., 1981, c. I-3, r. 1, s. 360R47; O.C. 2962-82, s. 61; O.C. 500-83, s. 61; O.C. 1707-97, s. 98; O.C. 134-2009, s. 1.