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I-3 - Taxation Act

Section 1105
Disposition versions

Full text
1105. The aggregate to which paragraph h of section 1104 refers in respect of the corporation contemplated therein is the aggregate of the following amounts:
(a)  66 2/3% of the amount by which its taxable income for the year exceeds its taxed capital gains for the year; and
(b)  the amount by which the taxable dividends received by the corporation during the year, to the extent that such dividends are deductible from its income for the year under sections 738 to 749, exceeds the amount that the corporation’s non-capital losses for the year would be if the amount determined in paragraph b of section 28 in respect of the corporation for the year was nil.
1976, c. 18, s. 20; 1982, c. 5, s. 203; 1994, c. 22, s. 338; 1997, c. 3, s. 71.
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