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I-3 - Taxation Act

Section 156.3.1
Disposition versions

Full text
156.3.1. The amount to which section 156.1.1 refers is, in respect of a partnership for a fiscal period, equal to 20% of the amount determined for the fiscal period in respect of the partnership according to the formula

A × (B / C).

In the formula provided for in the first paragraph,
(a)  A is the amount deducted by the partnership, in computing its income for the fiscal period, under paragraph a of section 130 or the second paragraph of section 130.1 in respect of a property that would, if the partnership were a corporation, be a prescribed depreciable property for the purposes of subparagraph a of the second paragraph of section 156.3;
(b)  B is the amount by which the aggregate of the business carried on in Canada or in Québec and elsewhere by the partnership in the fiscal period exceeds the business carried on in Québec by the partnership in the fiscal period; and
(c)  C is the aggregate of the business carried on in Canada or in Québec and elsewhere by the partnership in the fiscal period.
1999, c. 83, s. 37.
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