I-3 - Taxation Act

Section 771.2.1.2.0.1 Disposition versions

2019-06-19

771.2.1.2.0.1. An amount to which paragraph a of section 771.2.1.2 refers in respect of a corporation for a taxation year means

(a)  the amount referred to in subparagraph i of paragraph a of the definition of “specified partnership income” in the first paragraph of section 771.1 for the year;

(b)  the amount referred to in paragraph a of the definition of “specified corporate income” in the first paragraph of section 771.1 for the year; or

(c)  an amount that is paid or becomes payable to the corporation by another corporation with which it is associated and that is deemed under paragraph a of section 771.4 to be income of the corporation for the year from an eligible business carried on by the corporation, where the associated corporation is not a Canadian-controlled private corporation or is a Canadian-controlled private corporation that has made an election under the second paragraph of section 771.2.1.3 in respect of its taxation year that includes the time when the amount was paid or became payable.

2019, c. 14, s. 242.