R.S.M. 1988, c. C226
The Corporation Capital Tax Act
Table of Contents
1 | Definitions. | |
2 | Dealing at arm's length. | |
(2) | Meaning of related persons. | |
(3) | Corporations related to same corporations. | |
(4) | Control by related group in another group. | |
(5) | Rights to acquire shares. | |
(6) | Shareholders in several corporations. | |
3 | Connected persons. | |
4 | Permanent establishment. | |
(2) | Subsidiary's place of business. | |
(3) | Place of permanent establishment. | |
5 | Rules | |
6 | Tax payable. | |
(2) | Surtax payable after June 30, 1987. | |
(3) | Banks and trust and loan corporations. | |
7 | Apportionment of tax. | |
(2) | Ceasing to have permanent establishment | |
8 | Capital of resident corporations. | |
(2) | Certain accounts excluded. | |
(3) | Exclusion of wholesale paper. | |
(4) | Capital of banks. | |
(5) | Capital of trust and loan corporations. | |
9 | Capital of non-resident corporations. | |
(2) | Certain accounts excluded. | |
(3) | Exclusions from paid up capital. | |
10 | Deductions from paid up capital. | |
(2) | Non-resident corporation. | |
(3) | Meaning of "other intangible things". | |
(4) | Certain trade accounts excluded. | |
11 | Artificial transactions. | |
12 | Exemption. | |
(2) | Non-application of subsec. (1). | |
13 | Exemption for credit unions. | |
(2) | Corporations exempt from income tax. | |
(3) | Crown corporations. | |
14 | Notch. | |
(2) | Non-application of subsec. (1). | |
15 | Deduction. | |
(2) | Surtax deduction. | |
(3) | Banks and trust and loan corporations. | |
16 | No payments less than $1. | |
17 | Remittance of tax and returns. | |
(2) | Instalments for corporations 1987-88. | |
(3) | Trust and loan corporations 1987-88. | |
18 | Verification of return. | |
19 | Minister may require return. | |
(2) | Extension of time for return. | |
20 | Return by trustee. | |
21 | Change in fiscal year. | |
22 | Taxes debt. | |
(2) | Interest on debt. | |
(3) | Interest on refunds. | |
23 | Who is a debtor. | |
(2) | Equivalent expressions. | |
(3) | Where court action commenced. | |
(4) | Application by alleged debtor. | |
(5) | Order of restitution. | |
24 | Exercise of power to recover debt. | |
25 | Lien on personal property. | |
(2) | Certificates of debts and registration. | |
(3) | Realization of lien. | |
(4) | Effect of failure to proceed. | |
(5) | Lien on bankruptcy proceedings. | |
26 | Minister may order payment. | |
(2) | Discharge of liability to debtor. | |
(3) | Liability to pay under demand. | |
(4) | Personal service. | |
(5) | Service of demand in business name. | |
(6) | Service of demand on partnership. | |
27 | Warrant against personal property. | |
(2) | Sale of goods by auction. | |
(3) | Notice of sale. | |
(4) | Sale of perishable goods. | |
(5) | Disposal of surplus. | |
28 | Demand if debtor is leaving Manitoba. | |
(2) | Seizure of goods upon non-payment. | |
(3) | Certificate to authorize seizure. | |
(4) | Sale of goods seized. | |
29 | Failure to file return. | |
(2) | Failure to pay tax or instalments. | |
(3) | Return not binding. | |
30 | Requirement of additional information. | |
(2) | Failure to supply information. | |
31 | Right to inspect. | |
(2) | Warrant to enter and seize. | |
(3) | Copies as evidence. | |
(4) | Return of books. | |
(5) | Extension by judge. | |
(6) | Decision final. | |
(7) | Where extension rejected. | |
32 | Information confidential. | |
(2) | Reciprocal exchange of information. | |
(3) | Notice of arrangements. | |
33 | Books and records to be available. | |
(2) | Order as to books and records. | |
(3) | Failure to comply with order. | |
34 | Assessment. | |
(2) | Assessment where records inadequate. | |
(3) | Notice of assessment. | |
(4) | Evidence of serving notice. | |
(5) | Right to re-assess. | |
35 | Appeal to minister. | |
(2) | Form of notice of appeal. | |
(3) | Minister to consider appeal. | |
36 | Appeal to Queen's Bench. | |
(2) | Form of appeal. | |
(3) | Continuation of action. | |
(4) | Manner of disposal of appeal. | |
37 | Assessment not affected by irregularity. | |
(2) | Effect of appeal. | |
38 | Refund of overpayment. | |
(2) | Time limit on refund. | |
39 | Evasion of tax. | |
40 | Failure to produce records. | |
(2) | Obstructing inspections. | |
41 | Failure to obey Act an offence. | |
42 | Penalty. | |
43 | Officers as parties to offence. | |
(2) | Acts of agent deemed acts of principal. | |
44 | Limitation on prosecution. | |
45 | Continuing offence. | |
46 | Notices. | |
(2) | Time of service. | |
47 | Onus of proof. | |
48 | Affidavit of director. | |
49 | Delegation of powers by director. | |
50 | Tax paid to Consolidated Fund. | |
51 | Regulations. | |
(2) | Effect of Regulations Act. | |
(3) | Retroactive regulations. |