N-142026-2027 GRA OP 01-15 - Redacted
17 passages
Q1 2025 compared to Q1 2024 Q1 2025 net income increased by $53 million compared to Q1 2024. The increase is due to decreased income tax expense due to recognition of clean technology investment tax credits in the current year and increase...
AI summary Q1 2025 net income increased by $53 million compared to Q1 2024, driven by decreased income tax expense from clean technology investment tax credits and increased operating revenues from higher sales volumes due to favorable weather.
Q4 2024 compared to Q4 2023 Q4 2024 net income increased by $31 million compared to Q4 2023. The increase is due to increased income tax recovery primarily due to the utilization of tax loss carryforwards offset to a deferred income tax re...
AI summary Q4 2024 net income increased by $31 million compared to Q4 2023, primarily due to increased income tax recovery from the utilization of tax loss carryforwards and offsetting a deferred income tax regulatory liability, partially offset by decreased tax deductions related to PP&E.
The income tax provision differs from that computed using the enacted combined Canadian federal and Nova Scotia provincial statutory income tax rate for the following reasons: For the Three months ended Six months ended millions of dollars...
AI summary The income tax provision differs from the statutory rate due to deferred income taxes on regulated income and investment tax credits. The effective income tax rate was -200% for the three months ended June 30, 2025, and -41% for the six months ended June 30, 2025.
Emera's capital investment plan will be funded primarily through internally generated cash flows, debt raised at the operating company level consistent with regulated capital structures, equity issuances, and proceeds from the anticipated...
AI summary Emera plans to fund its capital investment through internal cash flows, debt, equity, and the sale of NMGC. The company emphasizes maintaining investment-grade credit ratings and has a history of increasing dividends. It anticipates adjusted EPS growth and a reduction in the dividend payout ratio.
Income Tax (Recovery) Expense For Q2 2025, income tax recovery increased $30 million compared to Q2 2024 due to the impact of the gain on sale of LIL in 2024; increased ITCs related to clean technology investments at NSPI; increased produc...
AI summary In Q2 2025, income tax recovery increased by $30 million compared to Q2 2024 due to factors such as gains from the sale of LIL, increased ITCs from clean technology investments at NSPI, and production tax credits from solar facilities at TEC. Year-to-date 2025, income tax expense increased by $61 million compared to 2024, partially offset by similar factors.
- (5) Net of income tax expense of $75 million for the three and six months ended June 30, 2024. - (6) Net of income tax recovery of $13 million for the three months ended June 30, 2025 (2024 $52 million recovery) and $71 million income ta...
AI summary The text provides information on income tax expenses and recoveries for the periods ending June 30, 2024, and June 30, 2025, highlighting changes in amounts over time.
Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The standard enhances the transparency, decision usefulness and effectiveness of income...
AI summary In December 2023, the FASB issued ASU 2023-09, which enhances income tax disclosures by requiring more detailed and consistent reporting. The standard will be effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of the standard on its financial disclosures.
The income tax provision differs from that computed using the enacted combined Canadian federal and provincial statutory income tax rate for the following reasons: Three months ended Six months ended For the June 30 June 30 millions of dol...
AI summary The income tax provision differs from the statutory rate due to several factors, including tax credits, deferred income taxes on regulated income, amortization of deferred income tax liabilities, foreign tax rate variance, asset impairment, valuation allowance, and other adjustments. The effective income tax rate was negative 6% for the three months ended June 30, 2025, and 13% for the six months ended June 30, 2025.
1 Includes an income tax recovery of $22 million for the three months ended December 2, 2024 and net of income tax expense of $53 million for the year ended December 31, 2024 (2023 – nil) 2 Net of income tax recovery of $6 million for the...
AI summary The text provides financial details including income tax recoveries and expenses for specific periods, as well as non-cash impairment charges and transaction costs for the year ended December 31, 2024. These figures are presented in USD and CAD.
5 Net of income tax recovery of $117 million recovery for the year ended December 31, 2024 (2023 – $68 million expense) 2 Net of income tax recovery of $6 million for the year ended December 31, 2024 (2023 – nil) 3 Represents (i) $206 mill...
AI summary The text provides financial details for the year ended December 31, 2024, including income tax recoveries and after-tax charges related to non-cash goodwill impairment and transaction costs.
2024 Board and Committee membership Attendance Total • Board 9 of 9 100% Management Resources and Compensation Committee (Chair) 5 of 5 100% Nominating and Corporate Governance Committee 3 of 3 100% Total Attendance 17 of 17 100% Total com...
AI summary The document outlines the 2024 Board and Committee membership attendance, showing full participation across all committees. It also details total compensation, DSU awards, and share ownership guidelines for Emera directors, including Mr. Demone's compliance with ownership requirements.
Directors Are Increasing Their Share/DSU Ownership Over Time By virtue of the compensation payable in DSUs, more than 58 per cent of the annual retainer for Emera Directors will be paid in DSUs, which mirrors the value of Emera common shar...
AI summary Directors of Emera are increasing their share and DSU ownership over time, with more than 58% of their annual retainer being paid in DSUs, which are valued similarly to Emera common shares. This increase is driven by the compensation structure, with most nominees opting for DSUs instead of cash.
The number of PSUs, RSUs and stock options granted to senior management is determined after considering competitive benchmarking data and the individual's level of responsibility within the Company. Grants are calculated each year based on...
AI summary The number of PSUs, RSUs, and stock options granted to senior management is determined based on competitive benchmarking, individual responsibility, and performance. The MRCC reviews previous grants and total compensation history annually to ensure grants remain reasonable in relation to market data, company performance, and individual performance.
REDACTED (CONFIDENTIAL INFORMATION REMOVED) 2026-2027, GRAD OP-13 SATTRICHMENT 1 Page 103 OF 115 Due to Canada Revenue Agency limitations on the maximum pension benefit that may be paid under the Pension Plan, a portion of the pension the...
AI summary The document discusses the structure and terms of the Pension Plan and Supplementary Retirement Plan, including limitations on pension benefits, closure of defined benefit components, and eligibility for retirement awards for certain executives. The retirement award is based on salary and years of service, and is only payable if the employee retires on their unreduced retirement date.
The following table shows the changes to accumulated value from January 1, 2024 to December 31, 2024 for the NEOs who participated in the Pension Plan on a defined contribution basis. Name Accumulated value at start of year ($) Compensator...
AI summary The table outlines the changes in accumulated value for Named Executive Officers (NEOs) in the Pension Plan on a defined contribution basis from January 1, 2024, to December 31, 2024, including both compensatory and non-compensatory changes.
The table below identifies how much of the short-term incentive for 2024 that each NEO elected to allocate to DSUs: Name Percentage of 2024 annual incentive elected to deferred share units (%) Dollar amount of 2024 annual incentive elected...
AI summary The table outlines the allocation of short-term incentives for 2024 by each Named Executive Officer (NEO) to Deferred Share Units (DSUs), including the percentage and dollar amount elected by each individual.
Scott Balfour Resignation All unvested PSUs, RSUs and stock options are forfeited. Terminated for cause All unvested PSUs, RSUs and stock options are forfeited. Terminated without cause Entitled to a lump sum equal to 24 months' compensati...
AI summary This section outlines the terms and conditions for Scott Balfour's resignation, termination, change of control, and retirement, including the handling of unvested PSUs, RSUs, and stock options under different scenarios.
N-27NSPI (NSEB) RIR 1-152 - Redacted (settlement agreement attached at IR-1)
10 passages
Nova Scotia Power Inc. Consolidated Statements of Cash Flows For the Year ended December 31 millions of dollars 2024 2023 Operating activities Net income $ 160 $ 141 Adjustments to reconcile net income to net cash provided by (used in) ope...
AI summary The document presents Nova Scotia Power Inc.'s consolidated statements of cash flows for 2024 and 2023, detailing cash inflows and outflows from operating, investing, and financing activities, along with supplemental disclosures for interest, income taxes, and non-cash activities.
7 . INCOME TAXES The income tax provision, for the years ended December 31, differs from that computed using the enacted combined Canadian federal and Nova Scotia provincial statutory income tax rate for the following reasons:
AI summary The income tax provision differs from the computed tax using the enacted combined Canadian federal and Nova Scotia provincial statutory income tax rate due to various factors, though the specific reasons are not detailed in this excerpt.
millions of dollars 2024 2023 Income before provision for income taxes $ 118 $ 133 Statutory income tax rate 29% 29% Income taxes, at statutory income tax rate 34 39 Deferred income taxes on regulated income recorded as regulatory assets a...
AI summary The text provides a breakdown of income tax provisions and related deferred tax assets and liabilities for 2024 and 2023. It highlights changes in income before taxes, statutory tax rates, and deferred income tax balances. Key points include a net operating loss carryforward, investment tax credits, and valuation allowances for deferred tax assets.
Considering all evidence regarding the utilization of the Company's deferred income tax assets, it has been determined that NSPI is more likely than not to realize all recorded deferred income tax assets, except for the capital loss carryf...
AI summary The analysis concludes that NSPI is more likely than not to realize all deferred income tax assets, except for the capital loss carryforward, with only a valuation allowance recorded for the latter as of December 31, 2024.
NSPI files a Canadian federal income tax return, which includes its Nova Scotia provincial income tax. As at December 31, 2024, NSPI's tax years still open to examination by taxing authorities include 2006 and subsequent years. NSPI and th...
AI summary NSPI is in a tax dispute with the CRA over the timing of deductions for years 2006–2010 and 2013–2016, with a cumulative net amount in dispute of $126 million (including interest). NSPI has prepaid $55 million and filed a Notice of Appeal with the Tax Court of Canada. The outcome of the dispute remains uncertain.
As at December 31, 2024, future minimum lease payments to be received for each of the next five years and in aggregate thereafter are as follows: millions of dollars 2025 2026 2027 2028 2029 Thereafter Total Minimum lease payments to be re...
AI summary The text presents a table showing future minimum lease payments to be received by the company for each of the next five years and in aggregate thereafter, as of December 31, 2024. The section title 'RELATED PARTY TRANSACTIONS' suggests that the following content will discuss transactions involving related parties.
Consolidated Statements of Income For the Three months ended Year ended millions of dollars December 31 December 31 2024 2023 2024 2023 Operating revenues $ 479 $ 439 $ 1,855 $ 1,671 Fuel for generation and purchased power (216) 234 509 77...
AI summary The consolidated statements of income for Nova Scotia Power Inc. show increased operating revenues and net income for the three months and year ended December 31, 2024, compared to 2023. Key factors include changes in fuel costs, FAM deferrals, and DSM expenses.
16 17 Capital Project Depreciation Incurred at Net book value at 23 (c) The Benchmarking Analysis Report in OP-03 Attachment 1 did not include a comparison 24 of working capital requirement. 1 Request IR-99: 2 3 Reference: Exhibit N-17, SR...
AI summary The text discusses Nova Scotia Power's need to make tax installments in 2026 related to preferred share dividends and the delay in receiving cash from an Investment Tax Credit (ITC) until 2027. This delay necessitates an increase in working capital to finance the earnings without the corresponding cash receipt.
Scientific Research & Experimental Development Investment Tax Credits NS Power routinely amends its corporate income tax returns to claim Scientific Research & Experimental Development ("SR&ED") Investment Tax Credits ("ITC's"). The reduce...
AI summary NS Power regularly claims Scientific Research & Experimental Development Investment Tax Credits on its corporate income tax returns, with amounts claimed varying between years, including nil in 2015, 2019, and 2021, and amounts of $0.2 million and $0.1 million in other years.
Actual was 39.9%, which is being treated here as 40%. 1 Accrued Refund Interest Error Correction 2 During 2018, the Canada Revenue Agency ("CRA") accepted NS Power's request to 3 amend the 2011, 2012 and 2013 corporate income tax returns t...
AI summary The document discusses corrections made by NS Power to its corporate income tax returns for 2011-2013, including the removal of incorrectly reported accrued refund interest and reallocation of biomass generation asset costs. It also includes a request and response for recent credit rating reports for NS Power.
N-84Response to Undertaking U-17
45 passages
D×E a) les règles du paragraphe 16.1(1) s’appliquent au where bail; D is the taxpayer’s ratio of permissible ex- b) il ne serait pas considéré comme un bail pour une penses for the year, and durée de plus d’un an pour l’application de l’al...
AI summary The text outlines a calculation involving permissible expenses, adjusted taxable income, and interest and financing revenues for a taxpayer, referencing specific provisions of the Income Tax Act.
ment au contribuable pour l’année, la somme (b) the total of all amounts each of which is, in respect of a corporation that is a controlled 2021-2022-2023-2024 9 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 28 of 546...
AI summary The text references amendments to the Income Tax Act and other legislation as part of the Fall Economic Statement Implementation Act, 2023. It includes a section reference to Article 7 of the Loi de l’impôt sur le revenu.
peut être déduit (A) there are to be reductions to the taxpayer’s excess capacity for the transfer year and the (A) en application de l’un des paragraphes three taxation years immediately preceding the 20(11) à (12.1) et 126(1) et (2), tra...
AI summary The text discusses the conditions under which a taxpayer's excess capacity can be reduced, referencing specific paragraphs of the Income Tax Act and the criteria for determining the amount of reduction based on transferred capacity.
venant d’une entreprise exploitée activement en applica- 1 subparagraph (i), in respect of amounts tion de l’alinéa 95(2)a) ou une somme qui est visée par la of transferred capacity for years preceding division 95(2)a)(ii)(D) et réputée nu...
AI summary The text discusses the calculation of absorbed capacity and transferred capacity in relation to tax regulations, specifically referencing subparagraphs and sections of the Income Tax Act. It outlines how amounts related to absorbed and transferred capacity are treated for tax purposes, including reductions and calculations involving affiliated companies.
alinéa) qu’il est payer or a person or partnership that does not raisonnable de considérer comme étant exclue, ré- deal at arm’s length with the taxpayer with re- duite, compensée ou autrement effectivement à spect to the loan or other fin...
AI summary This text discusses the conditions under which a lease financing amount is considered for tax purposes, focusing on the inclusion of such amounts in the taxpayer's income and the exclusion of interest for the year, with specific references to the Income Tax Act.
under subsection 212(1)) that is deducted un- pour l’année (déterminé compte non tenu du der subsection 91(4) in computing the taxpay- paragraphe (2), des alinéas 12(1)l.2) et er’s income for any taxation year in respect of 111(1)a.1) et d...
AI summary The text discusses provisions related to foreign accrual tax and the computation of a taxpayer's income, including deductions and the inclusion of losses and capital losses under specific subsections of the Income Tax Act.
buable à la fin d’une année d’imposition de la arrangement, to the extent that société affiliée se terminant dans l’année – ou (i) the amount une société étrangère affiliée contrôlée d’une société de personnes dont le contribuable ou (A) i...
AI summary The text discusses tax deductions related to affiliated companies and foreign-controlled affiliated companies, focusing on the calculation of deductible amounts and the application of specific formulas for tax years.
(ii) in respect of income or profits tax paid to a obtenue par la formule suivante : country other than Canada that F×G−H (A) can reasonably be considered to have been paid in respect of the subject amount, où : and F représente le total d...
AI summary The text defines 'lease financing amount' as a portion of a specific payment related to a particular lease. It also outlines conditions for income or profits tax paid to a country other than Canada, focusing on deductions and calculations under specific tax provisions.
vante : computing any income or loss of the affiliate that is W−X−Y 2021-2022-2023-2024 36 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 55 of 546 Chapter 15: Fall Economic Statement Implementation Act, 2023 Chapitre 1...
AI summary The text references amendments to the Income Tax Act and other legislation under the Fall Economic Statement Implementation Act, 2023. It highlights changes to the Income Tax Act, specifically Section 7, as part of broader legislative modifications.
g) la somme que le contribuable peut déduire en ap- plication des paragraphes 66.7(1), (2) ou (2.3) à (5).
AI summary The text refers to the amount a taxpayer can deduct under specific paragraphs of the Income Tax Act, particularly sections 66.7(1), (2), and (2.3) to (5).
onnexes Income Tax Act Loi de l’impôt sur le revenu Section 7 Article 7 (B) le paragraphe (9) ne s’applique pas à un avantage fiscal relativement à un choix antérieur pour l’année d’imposition du cédant ou du ces- sionnaire, (ii) soit le m...
AI summary This text discusses provisions related to the Income Tax Act, specifically regarding the extension of time for making an election or granting permission to amend an election. It outlines conditions under which the Minister may allow modifications to prior elections.
ount in respect of the particular amount is si, selon le cas : deductible in computing the foreign accrual property income of a corporation that is a foreign affiliate, but 2021-2022-2023-2024 50 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA...
AI summary This text outlines provisions related to the deductibility of amounts received by a taxpayer or a partnership from a foreign affiliate, specifically in the context of the Income Tax Act and its amendments under the Fall Economic Statement Implementation Act, 2023.
vante : (d) member states of the European Union; C+D+E+F+G 2021-2022-2023-2024 55 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 74 of 546 Chapter 15: Fall Economic Statement Implementation Act, 2023 Chapitre 15 : Loi d...
AI summary The text references the Income Tax Act and its amendments under the Fall Economic Statement Implementation Act, 2023. It includes a section reference (Section 7) and mentions the legislative context in French.
e of that in- come or loss; and b) Australie; B is the total of all amounts each of which is the amount of a dividend included in the determination c) Brésil; of an amount referred to in any of paragraphs (a) to 2021-2022-2023-2024 60 70-7...
AI summary The text outlines provisions related to income tax, including definitions and amendments, with references to various countries and jurisdictions. It includes terms such as 'Australie,' 'Brésil,' and 'Hong Kong (Chine),' suggesting international tax considerations.
a membre canadien du groupe pour une année relevant taxation year, does not exceed the least of d’imposition pertinente,
AI summary The text discusses a Canadian member's tax year and references a relevant taxation year, indicating a connection to income tax regulations.
B le revenu imposable rajusté du membre pour dance with this section; and chaque année d’imposition pertinente,
AI summary The text discusses the adjusted taxable income of a member for each relevant year of taxation, with a reference to a section that needs to be danced with. The context is related to income tax regulations.
income or profits in respect of lier Deux), publiées par l’Organisation de coopéra- which the entity is subject to an income or profits tion et de développement économiques. (foreign tax that is charged at a nil rate, the relevant expense...
AI summary The text outlines provisions related to income tax and includes references to legislative amendments, particularly in the context of foreign income and profits, as well as the Fall Economic Statement Implementation Act, 2023.
mismatch rule (other than any rule that is substan- a) les revenus, les bénéfices, les flux de trésorerie, le tially similar in effect to subsection 113(5)); prix des marchandises ou tout autre critère semblable; D is any portion of the re...
AI summary The text outlines a mismatch rule, defining scenarios where certain amounts may be excluded, reduced, or sheltered from income or profits tax due to exemptions, credits, or other relief mechanisms, particularly in relation to dividends, interest, and distributions.
− I ÷ J) where (A) soit s’applique particulièrement à la totalité ou à une partie du montant et non au calcul du I is the rate at which the income or profits tax re- revenu de façon générale, ferred to in clause (i)(A) in the description o...
AI summary The text discusses the calculation of income or profits tax for foreign taxation years, specifying formulas for determining tax rates based on relevant amounts and sources of income. It outlines scenarios where tax rates apply to specific portions of income rather than generally.
au paiement dans le calcul du revenu ou de la made up for the purpose of computing relevant foreign perte de la société de personnes, tiré d’une source 2021-2022-2023-2024 78 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Pa...
AI summary The text references amendments to the Income Tax Act and other legislation as part of the Chapter 15: Fall Economic Statement Implementation Act, 2023. It includes a section reference (Section 8) under the Income Tax Act.
compensée ou par ailleurs effectivement à l’abri de l’impôt sur le revenu ou sur les bénéfices en 2021-2022-2023-2024 80 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 99 of 546 Chapter 15: Fall Economic Statement Imple...
AI summary The text references the Income Tax Act and its amendments under the Fall Economic Statement Implementation Act, 2023. It outlines legislative changes related to tax provisions, though specific details of the amendments are not provided in the excerpt.
d’une entité, le revenu ou les bénéfices pour lesquels l’en- tité est assujettie à un impôt sur le revenu ou les 2021-2022-2023-2024 81 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 100 of 546 Chapter 15: Fall Economic...
AI summary This text discusses amendments to the Income Tax Act and other legislation under the Chapter 15: Fall Economic Statement Implementation Act, 2023. It references the taxation of foreign income or profits by a foreign government.
ment jusqu’à concurrence du montant de l’asymétrie hy- bride relativement au paiement. Structured arrangements — exception Dispositifs structurés — exception (5) If subsection (4) or 12.7(3) would, in the absence of (5) Si, en l’absence du...
AI summary The text discusses exceptions to the application of certain provisions related to hybrid mismatch arrangements in the context of structured arrangements and payments in computing a taxpayer's income from a business or property for a taxation year.
accrue) for a pertinents pour une année d’imposition étran- period before the transfer; gère, selon le cas,
AI summary The text discusses the accrual of certain obligations or liabilities for a period before a transfer, with references to income tax regulations for a fiscal year.
nexes Income Tax Act Loi de l’impôt sur le revenu Section 8 Article 8 (ii) paragraph (c) of the definition specified bene- (ii) l’alinéa c) de la définition de bénéficiaire dé- ficiary in subsection 18(5) is deemed to apply at terminé au p...
AI summary This text refers to the Income Tax Act, specifically Section 8, Article 8, which discusses the application of paragraph (c) of the definition of 'specified beneficiary' in subsection 18(5), and how references to 'particular person' are to be interpreted as references to 'first entity'.
suit de douze mois la fin de l’année : (i) the lesser of (i) la moindre des sommes suivantes : (A) the amount by which the deduction that was denied exceeds the total of all amounts already (A) l’excédent du montant de la déduction refu- d...
AI summary This text outlines a provision related to the deduction of foreign ordinary income, specifying that the lesser of two amounts is deductible. The provision applies to payments arising on or after July 1, 2022.
action privilégiée sans droit de vote ou une dette, selon le cas : 2021-2022-2023-2024 102 70-71 Eliz. II – 1-2 Cha. III 2026-2027 GRA U-17 Attachment 2 Page 121 of 546 Chapter 15: Fall Economic Statement Implementation Act, 2023 Chapitre...
AI summary This text outlines amendments to the Income Tax Act and related legislation, focusing on definitions and entities involved in tax-related provisions. It includes references to purchaser corporations, subject corporations, and relevant group entities.
es Income Tax Act Loi de l’impôt sur le revenu Section 17 Article 17 (A) to be met as of the time of the disposition, (A) avoir été remplies au moment de la disposi- and tion,
AI summary This text references the Income Tax Act, Section 17, which outlines conditions related to the disposition of property, requiring certain criteria to be met at the time of disposition.
dans sa déclaration de revenu en vertu de la présente partie pour l’année donnée. (9) Section 88 of the Act is amended by adding the (9) L’article 88 de la même loi est modifié par ad- following after subsection (1.1): jonction, après le p...
AI summary This text refers to a section of an act being amended, specifically section 88, with the addition of content after subsection (1.1). The amendment is related to income tax regulations and is presented in both English and French.
subsidiary’s particu- celle-ci dans laquelle l’année d’imposition donnée de la lar taxation year ended. filiale s’est terminée.
AI summary The text refers to a subsidiary's taxation year and the income tax year in which it ended, indicating a focus on tax-related matters.
Adjusted taxable income — non-capital losses of Revenu imposable rajusté — pertes autres qu’une subsidiary perte en capital d’une filiale (1.12) If paragraph (1.1)(c), (d) or (d.1) deems a particu- (1.12) Si, selon les alinéas (1.1)c), d)...
AI summary The text discusses the adjustment of taxable income related to non-capital losses of a subsidiary that has been wound up, and how these losses are treated as the parent company's non-capital losses for tax purposes under specific provisions of the Income Tax Act.
activement pour une année d’imposition en payment are application du sous-alinéa a)(ii),
AI summary The text discusses the active processing of a tax year and payment application under a specific clause, indicating a procedural step in a regulatory or tax-related matter.
the Act is re- 25 (1) Le sous-alinéa 96(2.1)b)(ii) de la même loi placed by the following: est remplacé par ce qui suit : (ii) the amount required by subsection 127(8) or (ii) la partie du montant déterminé à l’égard de la 127.44(11) in re...
AI summary This text amends the Income Tax Act, specifically subsection 25(1), to adjust the calculation of the investment tax credit or credit d'impôt for partnerships, incorporating the amount required by subsections 127(8) or 127.44(11).
the Act is replaced by the fol- paragraphe 108(1) de la même loi, est remplacé lowing: par ce qui suit : (a.1) a trust (other than a trust described in para- a.1) la fiducie (sauf celle visée aux alinéas a), d) ou h), graph (a), (d) or (h)...
AI summary The text discusses amendments to the Income Tax Act and other legislation, specifically under Part 1 of the Fall Economic Statement Implementation Act, 2023. It outlines changes to sections 26-27 of the Income Tax Act, including modifications to trust provisions and the replacement of certain paragraphs.
s paragraphes 113(1) et 138(6), dans 138(6), in computing the taxpayer’s taxable in- le calcul de son revenu imposable pour l’année, come for the year, or (11) Subsection 111(8) of the Act is amended by (11) Le paragraphe 111(8) de la même...
AI summary The text discusses amendments to subsection 111(8) of the Act, specifically adding new provisions in alphabetical order, as well as references to subsections 113(1) and 138(6) related to the calculation of taxable income for the year.
e following after subsection (2): adjonction, après le paragraphe (2), de ce qui suit : Mark-to-market property Bien évalué à la valeur du marché (2.01) No deduction may be made under subsection (1) (2.01) Aucune déduction ne peut être fai...
AI summary This text discusses amendments to the Income Tax Act, specifically regarding the prohibition of deductions for dividends received on shares by financial institutions. The amendment is part of the Fall Economic Statement Implementation Act, 2023.
A×B where où : A is the non-business-income tax paid by the corpo- ration applicable to the particular amount or por- A représente l’impôt sur le revenu ne provenant pas tion of the particular amount, as the case may be, d’une entreprise p...
AI summary The text outlines a formula for calculating a tax factor related to non-business income paid by a corporation, and it specifies a filing requirement for corporations to submit a prescribed form with their income tax return if a sum is deemed not to be a dividend received from a foreign affiliate.
f the Act is replaced 34 (1) L’alinéa 127(8.1)b) de la même loi est rem- by the following: placé par ce qui suit : (b) the taxpayer’s at-risk amount in respect of the b) la fraction à risques de l’intérêt du contribuable partnership, less...
AI summary This text outlines amendments to the Income Tax Act, specifically modifying the at-risk amount calculation for partnerships in relation to clean economy tax credits. The changes adjust how the taxpayer's at-risk amount is calculated by subtracting amounts required by clean economy allocation provisions.
née d’imposition avant le moment donné; F is the total of all amounts, each of which is the F le total des montants dont chacun représente la portion of an amount required to be included in fraction d’un montant à inclure dans le calcul du...
AI summary The text discusses the calculation of the Flexible Spending Account (FHSA) amount for an individual, considering the portion of an amount required to be included in computing income under subsection 146.6(6) of the Income Tax Act in previous taxation years. It also mentions a scenario where the Minister may adjust the formula if it does not yield an appropriate result based on the individual's circumstances.
ar. b) l’impôt remboursable déterminé de la convention déterminée à la fin de l’année d’imposition. Refundable tax definition Définition de impôt remboursable (4) If an eligible employer claims a refund under subsec- (4) Si un employeur ad...
AI summary The text defines refundable tax and outlines modifications to the Income Tax Act, specifically sections 57-58, related to refundable tax calculations for eligible employers.
(i) 50% of all amounts paid as distributions to one (i) la moitié des montants payés attribués à une or more persons (including amounts that are re- personne ou répartis entre plusieurs — y compris quired by paragraph 12(1)(n.3) to be incl...
AI summary The text outlines the rules for determining the portion of distributions from a retirement compensation arrangement that are subject to taxation, including the 50% rule and the inclusion of amounts determined under subsection 207.71(3) for the current and preceding year.
ing after subsection (42): adjonction, après le paragraphe (42), de ce qui suit : Substantive CCPC — anti-avoidance SPCC en substance — anti-évitement (43) For the purposes of this Act, if it is reasonable to (43) Pour l’application de la...
AI summary This text amends the Income Tax Act to address anti-avoidance measures, specifically targeting transactions that allow corporations resident in Canada (excluding certain controlled corporations) to avoid tax on their aggregate investment income.
a) aux années d’imposition d’une société com- on or after April 7, 2022, if mençant à compter du 7 avril 2022 si, à la fois :
AI summary The text references the Income Tax Act and mentions a provision related to the taxation years of a corporation starting on or after April 7, 2022.
ome Tax Regulations Règlement de l’impôt sur le revenu Section 83 Article 83 foreign accrual property income in subsection 95(1) affiliée pour l’année s’il n’était pas tenu compte des of the Act were read without reference to F and F.1 in...
AI summary This section of the Income Tax Regulations discusses the determination of foreign accrual property income under subsection 95(1) of the Act, considering the formula for calculating it without reference to elements F and F.1. It also addresses the calculation of income tax paid to a country's government by an affiliate.
au gouvernement d’un pays qu’il est raisonnable de considérer comme un impôt sur ce revenu; (6) Subclause (b)(i)(A)(I) of the definition net (6) La subdivision b)(i)(A)(I) de la définition de loss in subsection 5907(1) of the Regulations i...
AI summary This text outlines regulatory amendments to the definition of net loss and taxable surplus in the context of income tax regulations. It modifies specific subclauses and subparagraphs related to foreign accrued property income and taxable surplus calculations.