I-3 - Taxation Act

Section 772.5.1.1 Disposition versions

2017-02-08

772.5.1.1. Where a taxpayer is a member of a partnership, no amount of income or profits tax paid to the government of a country other than Canada— in respect of the partnership’s income for a period during which the taxpayer’s direct or indirect share of the partnership’s income that is subject to the income tax laws (in section 772.5.1.2 referred to as the “relevant foreign tax law”) of any country other than Canada is less than the taxpayer’s direct or indirect share, determined for the purposes of this Act, of the income—is to be included in computing the taxpayer’s business-income tax or non-business-income tax for any taxation year.

2017, c. 1, s. 217.