I-3 - Taxation Act

Section 411 Disposition versions

2015-10-26

411. In this chapter, “cumulative Canadian development expenses” of a taxpayer, at any time in a taxation year, means the amount by which the aggregate described in section 412 is exceeded by the aggregate of

(a)  the Canadian development expenses incurred by the taxpayer before that time;

(a.1)  all amounts determined under paragraph b of section 418.31.1 in respect of the taxpayer for a taxation year ending before that time;

(b)  all amounts included in computing the taxpayer’s income under paragraph e of section 330 for a taxation year ending before that time;

(c)  all amounts described in paragraph b or c of section 412 that, according to the evidence submitted by him, has become a bad debt before that time; and

(d)  such part of an amount described in paragraph h of section 412 as has been repaid by him before that time pursuant to a legal obligation to repay all or any part of that amount.

1975, c. 22, s. 90; 1977, c. 26, s. 43; 1978, c. 26, s. 72; 1980, c. 13, s. 41; 1982, c. 5, s. 98; 1991, c. 25, s. 74; 1993, c. 16, s. 159; 1995, c. 49, s. 236; 2004, c. 8, s. 77; 2015, c. 24, s. 70.

2006-03-01

411. In this chapter, “cumulative Canadian development expenses” of a taxpayer, at any time in a taxation year, means the amount by which the aggregate described in section 412 is exceeded by the aggregate of

(a)  the Canadian development expenses incurred by the taxpayer before that time;

(a.1)  all amounts determined under paragraph b of section 418.31.1 in respect of the taxpayer for a taxation year ending before that time;

(b)  all amounts required by paragraph e of section 330 to be included in computing his income for a taxation year ending before that time;

(c)  all amounts described in paragraph b or c of section 412 that, according to the evidence submitted by him, has become a bad debt before that time; and

(d)  such part of an amount described in paragraph h of section 412 as has been repaid by him before that time pursuant to a legal obligation to repay all or any part of that amount.

1975, c. 22, s. 90; 1977, c. 26, s. 43; 1978, c. 26, s. 72; 1980, c. 13, s. 41; 1982, c. 5, s. 98; 1991, c. 25, s. 74; 1993, c. 16, s. 159; 1995, c. 49, s. 236; 2004, c. 8, s. 77.