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I-3 - Taxation Act
Section 771.2.1.9
Disposition versions
771.2.1.9. For the purposes of section 771.2.1.8, the paid-up capital of a corporation for a taxation year is equal to
(a) in respect of a financial institution, twice its paid-up capital determined for that year in accordance with Title II of Book III of Part IV;
(b) in respect of a corporation referred to in paragraph c of section 1132, a mining corporation that has not reached the production stage or a cooperative, its paid-up capital that would be determined for that year in accordance with Title I of Book III of Part IV if no reference were made to section 1138.2.6; and
(c) in respect of an insurance corporation, other than a corporation referred to in paragraph a or b, twice its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV, if the corporation were a bank and if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136.
771.2.1.9. For the purposes of section 771.2.1.8, the paid-up capital of a corporation for a taxation year is equal to
(a) in respect of a financial institution, twice its paid-up capital determined for that year in accordance with Title II of Book III of Part IV;
(b) in respect of a corporation referred to in paragraph c of section 1132, a mining corporation that has not reached the production stage or a cooperative, its paid-up capital determined for that year in accordance with Title I of Book III of Part IV; and
(c) in respect of an insurance corporation, other than a corporation referred to in paragraph a or b, twice its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV, if the corporation were a bank and if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136.
771.2.1.9. For the purposes of section 771.2.1.8, the paid-up capital of a corporation for a taxation year is equal to
(a) in respect of a corporation referred to in paragraph a of section 1132, twice its paid-up capital determined for that year in accordance with Title II of Book III of Part IV;
(b) in respect of a corporation referred to in paragraph c of section 1132, a mining corporation that has not reached the production stage or a cooperative, its paid-up capital determined for that year in accordance with Title I of Book III of Part IV; and
(c) in respect of an insurance corporation, other than a corporation referred to in paragraph a or b, twice its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV, if the corporation were a bank and if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136.
