VIII, s. 641996, c. 21, s. 271997, c. 25, s. 332000, c. 19, s. 342001, c. 17, s. 1142006, c. 4, s. 742013, c. 34, s. 263
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]2003, c. 28, s. 13
125.2(1)The following definitions apply in this section.adjusted business incomeadjusted business income, of a corporation for a taxation year, has the same meaning as in Part LII of theIncome Tax Regulations. (revenu rajusté tiré d’une entreprise)cost of capitalcost of capital, of a corporation for a taxation year, has the same meaning as in Part LII of theIncome Tax Regulations. (coût en capital)cost of labourcost of labour, of a corporation for a taxation year, has the same meaning as in Part LII of theIncome Tax Regulations. (coût en main-d’oeuvre)zero-emission technology manufacturing profitszero-emission technology manufacturing profits, of a corporation for a taxation year, means the amount determined by the formulaA × B × CwhereAis the corporation’s adjusted business income for the taxation year;Bis the fraction determined by the formulaD ÷ EwhereDis the total of the corporation’s ZETM cost of capital and ZETM cost of labour for the taxation year, andEis the total of the corporation’s cost of capital and cost of labour for the taxation year; andCis(a)if the fraction determined for B is at least 0.9, the fraction determined by the formulaF ÷ GwhereFis the amount determined for E, andGis the amount determined for D; and(b)1, in any other case. (bénéfices de fabrication de technologies à zéro émission)ZETM cost of capitalZETM cost of capital, of a corporation for a taxation year, has the same meaning as in Part LII of theIncome Tax Regulations. (coût en capital de FTZE)ZETM cost of labourZETM cost of labour, of a corporation for a taxation year, has the same meaning as in Part LII of theIncome Tax Regulations. (coût en main-d’œuvre de FTZE)Marginal note:Zero-emission technology manufacturing(2)There may be deducted from the tax otherwise payable under this Part by a corporation for a taxation year the amount determined by the formula(A × B) + (C × D)whereAis(a)0.075, if the taxation year begins after 2021 and before 2029,(b)0.05625, if the taxation year begins after 2028 and before 2030,(c)0.0375, if the taxation year begins after 2029 and before 2031,(d)0.01875, if the taxation year begins after 2030 and before 2032, and(e)nil, in any other case;Bis the least of(a)the corporation’s zero-emission technology manufacturing profits for the taxation year,(b)the amount of the corporation’s adjusted business income for the taxation year (determined without reference to section 5203 of theIncome Tax Regulations) less(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)in any other case, nil, and(c)the amount, if any, by which the corporation’s taxable income for the taxation year exceeds the total of(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year,(ii)the corporation’saggregate investment income(as defined in subsection 129(4)) for the taxation year, and(iii)the amount determined by multiplying the total of the amounts deducted under subsection 126(2) from its tax for the taxation year otherwise payable under this Part, by the relevant factor for the taxation year;Cis(a)0.045, if the taxation year begins after 2021 and before 2029,(b)0.03375, if the taxation year begins after 2028 and before 2030,(c)0.0225, if the taxation year begins after 2029 and before 2031,(d)0.01125, if the taxation year begins after 2030 and before 2032, and(e)nil, in any other case; andDis(a)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the lesser of(i)the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)the amount determined by the formulaE − FwhereEis the corporation’s zero-emission technology manufacturing profits for the taxation year, andFis the amount determined for B, and(b)nil, in any other case.
(a)if the fraction determined for B is at least 0.9, the fraction determined by the formulaF ÷ GwhereFis the amount determined for E, andGis the amount determined for D; and(b)1, in any other case. (bénéfices de fabrication de technologies à zéro émission)
(a)0.075, if the taxation year begins after 2021 and before 2029,(b)0.05625, if the taxation year begins after 2028 and before 2030,(c)0.0375, if the taxation year begins after 2029 and before 2031,(d)0.01875, if the taxation year begins after 2030 and before 2032, and(e)nil, in any other case;
(a)the corporation’s zero-emission technology manufacturing profits for the taxation year,(b)the amount of the corporation’s adjusted business income for the taxation year (determined without reference to section 5203 of theIncome Tax Regulations) less(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)in any other case, nil, and(c)the amount, if any, by which the corporation’s taxable income for the taxation year exceeds the total of(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year,(ii)the corporation’saggregate investment income(as defined in subsection 129(4)) for the taxation year, and(iii)the amount determined by multiplying the total of the amounts deducted under subsection 126(2) from its tax for the taxation year otherwise payable under this Part, by the relevant factor for the taxation year;
(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)in any other case, nil, and
(i)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year,(ii)the corporation’saggregate investment income(as defined in subsection 129(4)) for the taxation year, and(iii)the amount determined by multiplying the total of the amounts deducted under subsection 126(2) from its tax for the taxation year otherwise payable under this Part, by the relevant factor for the taxation year;
(a)0.045, if the taxation year begins after 2021 and before 2029,(b)0.03375, if the taxation year begins after 2028 and before 2030,(c)0.0225, if the taxation year begins after 2029 and before 2031,(d)0.01125, if the taxation year begins after 2030 and before 2032, and(e)nil, in any other case; and
(a)if the corporation was a Canadian-controlled private corporation throughout the taxation year, the lesser of(i)the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)the amount determined by the formulaE − FwhereEis the corporation’s zero-emission technology manufacturing profits for the taxation year, andFis the amount determined for B, and(b)nil, in any other case.
(i)the least of the amounts, if any, determined under paragraphs 125(1)(a) to (c) in respect of the corporation for the taxation year, and(ii)the amount determined by the formulaE − FwhereEis the corporation’s zero-emission technology manufacturing profits for the taxation year, andFis the amount determined for B, and
[NOTE: Application provisions are not included in the consolidated textsee relevant amending Acts and regulations.]R.S., 1985, c. 1 (5th Supp.), s. 125.21994, c. 7, Sch