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Print this pageForward this document  Tax holiday / Exemption

ProvTaxReduc

ProvTaxReduc should be used to indicate that the corporation is claiming this province's tax reduction or holiday. DT Max will then calculate income tax based on the amount of the allowable reduction.

The following options are applicable for the keyword ProvTaxReduc.

  • Nova Scotia

  • Quebec

Secondary keywordTaxHoliday

Use the keyword TaxHoliday to indicate whether or not the corporation is claiming the temporary tax exemption for the commercialization of intellectual property.

The following options are applicable for the keyword TaxHoliday.

  • Commercialization of an intellectual property

Secondary keywordExempt-StartOV

Use the keyword Exempt-StartOV to indicate the beginning of the exemption period for the corporation. The corporation's exemption period begins on the date of its incorporation.

Secondary keywordExempt-EndOV

Use the keyword Exempt-EndOV to indicate the end of the exemption period for the corporation. The corporation's exemption period ends on the earlier of the last day of the 10-year period following its incorporation, or on the last day of the taxation year that precedes the taxation year in which the corporation ceased to meet the eligibility requirements.

Secondary keywordCeased-Exempt

Use the keyword Ceased-Exempt to indicate if the corporation ceased to meet the eligibility requirements for purposes of temporary income tax exemption for the commercialization of intellectual property.

The following options are applicable for the keyword Ceased-Exempt.

  • No

  • Yes

Secondary keywordDateCeased.e

Use the keyword DateCeased.e to indicate the date that the corporation ceased to meet the eligibility requirements for purposes of temporary income tax exemption for the commercialization of intellectual property.

Secondary keywordCert-Num

Use the keyword Cert-Num to enter the certificate number.

Secondary keywordEligBusiness

Use the keyword EligBusiness to indicate the eligible commercialization business income. If the keyword is not entered, we will assume all the eligible business income is related to eligible commercialization business.