I-3 - Taxation Act

Section 148 Disposition versions

2006-03-01

148. A corporation may deduct:

(a)  an amount payable as a fee for services rendered by a person as an agent for the transfer of the shares of its capital stock or as an agent for the remittance to its shareholders of the dividends declared by it;

(b)  an amount payable as a fee to a stock exchange for the listing of the shares of its capital stock; and

(c)  an expense incurred for the printing and issuing of a financial report to its shareholders or to any other person entitled by law to receive such report.

1972, c. 23, s. 136; 1997, c. 3, s. 71.