Bill 224 — Fourth Session, 17Th Legislature, 24 Elizabeth Ii the Legislative Assembly of Alberta Bill 224 the Alberta Investors Incent ~Ve Act (Legislature 17, Session 4)

L17 S4 5445

Alberta — Bills

1975 Bill Fourth Session, 17th Legislature, 24 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL THE ALBERTA INVESTORS INCENT ~ve Act MR. WILSON First Reading Second Reading ............................ . Third Reading ............................. . Bill 22" Mr. WilBon BILL THE ALBERTA INVESTORS INCENTIVE ACT (Assented to , 1975) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1. In this Act (a) "Alberta-based corporation" means a corporation (

i) which is incorporated in Alberta or registered in Alberta as an extra-provincial corporation, and (ii) which ~n the taxatioli year in questi()n haL 50 per cent or more of its total capital which can fairly be said to be used in the transaction of business in the Province. (b) "individual", "federal Act", "taxable income" and "taxation year" have the meanings ascribed to them in The Alberta Income Tax Act as amended. 2.

An individual or Alberta-based corporation who, for the purpose of the federal Act is resident in Alberta at the end of a taxation year, may deduct from his or its taxable income for such taxation year, prior to the calculation of tax payable under The Alberta Income Tax Act, any amounts up to a total sum of $1,000 which were received as dividends from an Alberta-based corporation during such taxation year. 3. This Act comes into force on the day upon which it is assented to, Title: 1975 (17th, 4th) Bill 224, The Alberta Investors Incentive Act

Document details

Collection	Alberta — Bills
Citation	L17 S4 5445
Type	bill
Volume / chapter	L17 S4 5445
Language	en
Format	json
Source	PROVINCIAL
Identifier	64ef8b62c6944170f411b09405bb25b1f6e7343b

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