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The Corporation Capital Tax Act

C.C.S.M. c. C226

The Corporation Capital Tax Act

1 Definitions
1.1 Administration and enforcement
2 and 3
4(1) Permanent establishment
(2) Subsidiary's place of business
(3) Place of permanent establishment
5 Rules for determining various amounts
6(1) Tax payable
(1.1) Fiscal year straddling December 31, 2010
(2) Tax payable by bank or trust or loan corporation
(3) Tax payable by Crown corporation
7(1) Apportionment of tax
(2) Fiscal year end — ceasing to have a permanent establishment
(3) Fiscal year end — sale of assets
8(1) Capital of resident corporations
(2) Current accounts payable
(3)
(4) Capital of banks
(5) Capital of trust and loan corporations
9(1) Capital of non-resident corporations
(2) Certain accounts excluded
(3) Exclusions from paid up capital
10(1) Deductions from paid up capital
(2) Non-resident corporation
(3) Definitions
(4) Certain trade accounts excluded
10.1(1) Capital deduction
(2) Meaning of "associated group for a calendar year"
(3) Agreement among members of associated group
(4) Minister may allocate capital deduction
(5) Multiple allocations
(6) Application
11
11.1
11.2
12(1)
(2)
(3) to (7)
(8) Exemption for years ending after January 1, 1999 and beginning before January 2, 2004
(9) Non-application of subsection (8)
13(1) Exemption for credit unions, co-operatives and family farm corporations
(2) Exemption for corporations exempt from income tax
(3) Crown corporations
13.1(1) Exemption for qualifying manufacturers
(2) Fiscal year straddling July 1, 2008
(3) "Qualifying manufacturer" defined
(4) How to determine costs
(5) How to determine costs — member of partnership
14(1)
(2)
(3) to (7)
(8) Notch provision for years ending after January 1, 1999 and beginning before January 2, 2004
(9) Non-application of subsection (8)
15 Deduction for capital used outside Manitoba
16 No payments less than $1
17(1) Corporation to file return and pay tax
(2) Quarterly instalments
(3) Due dates and amount of quarterly instalments
(4) Annual instalment
(5) Transitional
(6) Transitional — qualifying manufacturer's year straddling July 1, 2008
(7) Transitional — year straddling December 31, 2010
17.1
18 to 20
21 Change in fiscal year
22 to 50
51(1) Regulations
(2)
(3) Effective date