PART I — Income Tax · DIVISION C — Computation of Taxable Income · Lump-sum Payments

Additions for foreign tax deductions

Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31

Current text

There shall be added to a corporation’s taxable income otherwise determined for a taxation year such amount as the corporation may claim to the extent that the addition thereof

(a)

increases any amount deductible by the corporation under subsection 126(1) or (2) for the year; and

(b)

does not increase an amount deductible by the corporation under any of sections 125, 125.1, 127, 127.2 and 127.3 for the year.

Source: Justice Laws Website. Not an official version.

Historic text

This section has not been amended since the start of the point-in-time record on 31 August 2004.

Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 110.5 links to the one before it.

Enacting and amending legislation

1985, c. 45, s. 56

Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.

Cross-references

This section refers to

s. 125 s. 126

Referred to in

s. 18.2 s. 88 s. 111 s. 126 s. 142.7

References are generated from the statutory text and list other sections of the Act only.

Citation

Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 110.5.