Hyperlawhypertext legal database Income Tax Act

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Versions of s. 190.1(1.2)

I-3.3 — Income Tax Act · 1 version

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2004-08-31 to 2007-02-21 View Source

    Every corporation (other than a life insurance corporation) that is a financial institution at any time in a taxation year shall pay a tax under this Part for the year, in addition to any tax payable under subsection 190.1(1), equal to the amount determined by the formula 0.0015 × (A - B) × C/365 where A is the corporation’s taxable capital employed in Canada for the year; B is its enhanced capital deduction for the year; and C is the number of days in the year that are after February 27, 1995 and before November 2000.