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I-3 - Taxation Act

Section 165.2
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165.2. For the purposes of this division, a corporation’s base level deduction for a taxation year is equal to the amount that would be the amount of interest for the year, computed at the prescribed rate, in respect of a loan of $1,000,000 outstanding throughout the year, unless the corporation is associated in the year with one or more other corporations in which case, subject to sections 165.3 to 165.5, its base level deduction for the year is nil.
1990, c. 59, s. 94; 1997, c. 3, s. 71.
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