I-3 - Taxation Act

Section 1144 Disposition versions

2006-03-01

1144. The Government may make regulations

(a)  exempting from capital tax, on the conditions prescribed by it, any corporation in the process of winding-up or under sequestration, any inactive corporation, or any corporation incorporated for cultural or agricultural purposes or for drainage or water supply purposes;

(b)  determining what constitutes an investment;

(c)  determining the paid-up capital of a corporation that is not resident in Canada;

(d)  prescribing the measures required for the application of this Part.

1972, c. 23, s. 857; 1979, c. 38, s. 27; 1997, c. 3, s. 71; 1997, c. 31, s. 138.