I-3 - Taxation Act

Section 771.2.1.15 Disposition versions

2019-06-19

771.2.1.15. For the purpose of determining an amount for a taxation year in respect of a corporation under paragraph a of section 771.2.1.2 (where that paragraph refers to the specified corporate income of the corporation) or under paragraph b of section 771.2.1.2.0.1, an amount of income is to be excluded if

(a)  the amount is income of the corporation from an eligible business for the year from the provision of services or property to another corporation with which the corporation is associated (in paragraph b referred to as the “associated corporation”); and

(b)  the amount is not deductible by the associated corporation for its taxation year in respect of a particular amount included in computing its income that is referred to in any of paragraphs a to c of section 771.2.1.2.0.1 or that may reasonably be considered as being attributable to or derived from an amount referred to in that paragraph c.

2019, c. 14, s. 249.