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| B.C. Reg. 128/2003 O.C. 291/2003 |
Deposited March 28, 2003 retroactive to October 1, 2002 |
| This archived regulation consolidation is current to April 21, 2006 and includes changes enacted and in force by that date. For the most current information, click here. |
1For 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 | ||||
|
|
X | 100% | ||
| B |
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]
Copyright (c) Queen's Printer, Victoria, British Columbia, Canada