Capital Tax Elimination for Manufacturing and Resource Activities
Information Notice 6029 - This notice provides additional information and guidance for taxpayers on the measure related to the retroactive elimination of the capital tax effective January 1, 2007, for Ontario companies primarily engaged in manufacturing and resource activities.
Highlights from the 2008 Ontario Budget: Corporations Tax Act and the Taxation Act 2007
Information Notice 6027 - On March 25, 2008, a number of proposed measures relating to the Corporations Tax Act and the Taxation Act, 2007 were announced in the 2008 Ontario Budget. The proposals must be passed by the Legislature and receive Royal Assent to become law. This notice provides general information and is not a substitute for the legislation.
Proposed Changes to the Corporations Tax Act and the Taxation Act 2007
Reassessments, Interest, Overpayments and Instalments
Information Notice 6026 - Information Notice 6025, dated December 2007, provides details of measures announced in the 2007 Ontario Economic Outlook and Fiscal Review. This notice provides additional information for corporations impacted by these measures, some of which are retroactive to January 1, 2007. This notice is not a substitute for the legislation, which must receive Royal Assent for the measures to become law.
Capital Tax - Family Farm/Fishing Corporation
Bulletin 3018R - This bulletin explains the policy of the ministry regarding capital tax rules for family farm and family fishing corporations.
Capital Tax - Numerical Example
Bulletin 3016R - This bulletin provides a numerical example to illustrate the process of calculating Paid-Up Capital (PUC), Taxable Paid-Up Capital (TPUC) and Capital Tax.
Capital Tax - Deductions from Paid-Up Capital
Bulletin 3015R - This bulletin describes various deductions from paid-up capital allowed under subsection 62(1) of the CTA, used in calculating taxable paid-up capital of a corporation.
