Agreement and Election Respecting the Deduction for Farming Corporations and Fishing Corporations (courtesy translation)
Form CO-1138.1 is to be used to calculate the amount of the deduction that any farming corporation or fishing corporation may claim in the calculation of its paid-up capital where the corporation is associated in its taxation year with one or more other farming corporations or fishing corporations. In order for the associated corporations to claim the deduction, they must agree on the percentage of the deduction that is to be allocated to each of them.
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The courtesy translation of this document is available below for information purposes only.