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I-3 - Taxation Act

Section 711.1
Disposition versions

Full text
711.1. For the purpose of determining the amount deductible under section 710 in computing the taxable income of a corporation for a taxation year, the following rules apply:
(a)  an amount relating to a gift is deductible only to the extent that it exceeds amounts in respect of the gift deducted in computing the corporation’s taxable income for preceding taxation years; and
(b)  no amount in respect of a gift made in a particular taxation year is deductible under any of paragraphs a to e of section 710 until amounts deductible under that paragraph in respect of gifts made in taxation years preceding the particular year have been deducted.
1999, c. 83, s. 67; 2006, c. 36, s. 49.
711.1. For the purpose of determining the amount deductible under section 710 in computing the taxable income of a corporation for a taxation year, the following rules apply:
(a)  an amount relating to a gift is deductible only to the extent that it exceeds amounts in respect of the gift deducted in computing the corporation’s taxable income for preceding taxation years; and
(b)  no amount in respect of a gift made in a particular taxation year is deductible under any of paragraphs a to d of section 710 until amounts deductible under that paragraph in respect of gifts made in taxation years preceding the particular year have been deducted.
1999, c. 83, s. 67.
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