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 |
(1.1) | Limitation | |
(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 |