Tax wiki
s. 190.12
PART VI — Tax on Capital of Financial Institutions · Calculation of Capital Tax
Taxable capital
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
For the purposes of this Part, the taxable capital of a corporation for a taxation year is the amount, if any, by which its capital for the year exceeds the total determined under section 190.14 in respect of its investments for the year in financial institutions related to it.
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 190.12 links to the one before it.
Enacting and amending legislation
- 1986, c. 6, s. 100; 1990, c. 39, s. 50
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
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. 190.12.