Paid-Up Capital to Be Used for Purposes Other Than the Calculation of the Tax on Capital (courtesy translation)
Form CO-1140.A is to be completed by any corporation that is a financial institution or by any insurance corporation that wants to calculate the paid-up capital used for purposes other than the calculation of the tax on capital. Paid-up capital is used to determine whether a corporation may take advantage of certain tax assistance measures, to calculate the amount of assistance that may be granted to a corporation or for any other purpose under the Taxation Act. Paid-up capital is calculated for the end of the year that precedes the taxation year concerned or, in the case of a corporation's first taxation year, for the beginning of that taxation year.
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The courtesy translation of this document is available below for information purposes only.