Canadian Solifuels Inc. v. The Queen, 2001 DTC 5565, 2001 FCA 280 -- summary under Subsection 127(8)

By services, 28 November, 2015

A Canadian-controlled private corporation that was a member of a partnership was not entitled to the enhanced credit under s. 127(10.1). Malone J.A. stated (at p. 5568):

"If Parliament had intended the enhanced investment tax credit in subsection 127(10.1) to be available to members of partnerships, paragraph (e) of the definition of 'investment tax credit' would have been included in the list found in subsection 127(8)."

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Topic
Income Tax Act - s. 127(8)
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Node
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