NO.: IT-92R2 DATE: December 29, 1983 SUBJECT: INCOME TAX ACT Income of Contractors REFERENCE: Subsection 9(1) (also section 125.1, subsections 127(5) and 248(1) and paragraphs 20(1)(gg) and 20(1)(m)) This bulletin replaces and cancels IT-92 dated March 3, 1975. Current revisions are designated by vertical lines. 1. This bulletin applies to any prime contractor or subcontractor who is […]
Income Tax Folio S4-F15-C1, Manufacturing and Processing Series 4: Businesses Folio 15: Manufacturing and Research & Development Chapter 1: Manufacturing and Processing Summary Section 125.1 provides for the taxation of corporations at a reduced rate on their Canadian manufacturing and processing profits. This takes the form of a deduction from Part I tax otherwise payable and is an amount
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