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| B.C. Reg. 128/2003 O.C. 291/2003 | Deposited March 28, 2003 retroactive to October 1, 2002 |
1 For the purposes of Part 8 of the Income Tax Act, a book publishing corporation carries out its business primarily through a permanent establishment in British Columbia if, in a taxation year,
(a) the corporation has no permanent establishment outside of British Columbia, or
(b) the percentage determined for the corporation by the following formula exceeds 50%:
| A B | X 100% |
| where | ||
| A | is the total salaries and wages paid by the corporation in the taxation year to employees of the permanent establishment in British Columbia, and | |
| B | is the total salaries and wages paid by the corporation in the taxation year. | |
[Provisions of the Income Tax Act, R.S.B.C. 1996, c. 215, relevant to the enactment of this regulation: sections 48 and 115]
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