I-3 - Taxation Act

Full text
11.1.1.3. If the conditions referred to in section 11.1.1.2 are satisfied, for the purposes of section 11.1.1 and paragraph b of section 489, the following presumptions apply in respect of a relevant entity for a taxation year:
(a)  the relevant entity is deemed to have international shipping as its principal business in the year; and
(b)  the gross revenue described in subparagraph i of paragraph b of section 11.1.1.2 is deemed to be gross revenue from international shipping.
2017, c. 1, s. 71.