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I-3 - Taxation Act

Section 728.0.4
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728.0.4. For the purposes of sections 734 and 735, any amount deducted in computing a corporation’s taxable income for a taxation year ending before 1 July 1988 in respect of a non-capital loss for another taxation year ending after 30 June 1988, is deemed to be equal to the aggregate of the amount so deducted and 1/4 of the amount by which the amount so deducted exceeds the amount by which
(a)  the amount deductible for the year in respect of the non-capital loss, exceeds
(b)  4/5 of the amount deductible under section 725.1.1 in computing its taxable income for the other taxation year.
1990, c. 59, s. 273; 1997, c. 3, s. 71.
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