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

Section 771r21 Disposition versions

2012-09-01

771R21. Where a part of the corporation’s operations are conducted in partnership with another person, the corporation’s gross revenue for a taxation year and the salaries and wages paid by it in the year include, in respect of those operations, only the proportion, for the fiscal period of the partnership coinciding with or ending in the year, of the gross revenue of the partnership or the salaries and wages paid by the partnership, as the case may be, that the corporation’s share of the profit or loss from the partnership for that fiscal period is of the total profit or loss of the partnership for that fiscal period.

s. 771R13; O.C. 1981-80, s. 771R13; O.C. 1535-81, s. 11; R.R.Q., 1981, c. I-3, r. 1, s. 771R13; O.C. 1707-97, s. 56; O.C. 134-2009, s. 1.