Income Tax Act — I-3.3 125
) or 137(7) or section 141.1) for a taxation year, means the amount that would be the aggregate investment income (as defined in subsection 129(4)) of the corporation for the year, if (a) paragraph (a) of that definition read as follows: (a) the amount, if any, by which (i) the eligible portion of the corporation’s taxable capital gains (other than taxable capital gains from the disposition of property that is, at the time of disposition, an active asset of the corporation) for the year exceeds (ii) the eligible portion of its allowable capital losses (other than allowable capital losses from the disposition of property that is, at the time of disposition, an active asset of the corporation) for the year, or (b) subparagraph (b)(iii) of that definition read as follows: (iii) a dividend from a corporation connected with it (within the meaning assigned by subsection 186(4) on the assumption that the corporation is at that time a payer corporation within the meaning of that subsection), and (c) paragraph (a) of the definition income or loss in subsection 129(4) read as follows: (a) includes (i) the income or loss from a specified investment business carried on by it, and (ii) amounts in respect of a life insurance policy that are included in computing the corporation’s income for the year, to the extent that the amounts would not otherwise be included in the computation of the corporation’s aggregate investment income, but and (d) no amount were deducted under subsection 91(4) by the corporation in computing its income for the year; ( revenu de placement total ajusté ) Canadian-controlled private corporation means a private corporation that is a Canadian corporation other than (a) a corporation controlled, directly or indirectly in any manner whatever, by one or more non-resident persons, by one or more public corporations (other than a prescribed venture capital corporation), by one or more corporations described in paragraph (c), or by any combination of them, (b) a corporation that would, if each share of the capital stock of a corporation that is owned by a non-resident person, by a public corporation (other than a prescribed venture capital corporation), or by a corporation described in paragraph (c) were owned by a particular person, be controlled by the particular person, (c) a corporation a class of the shares of the capital stock of which is listed on a designated stock exchange, or (d) in applying subsection (1), paragraphs 87(2)(vv) and (ww) (including, for greater certainty, in applying those paragraphs as provided under paragraph 88(1)(e.2)), the definitions excessive eligible dividend designation , general rate income pool and low rate income pool in subsection 89(1) and subsections 89(4) to (6), (8) to (10) and 249(3.1), a corporation that has made an election under subsection 89(11) and that has not revoked the election under subsection 89(12); ( société privée sous contrôle canadien ) designated member , of a particular partnership in a taxation year, means a Canadian-controlled private corporation that provides (directly or indirectly, in any manner whatever) services or property to the particular partnership at any time in the corporation’s taxation year where, at any time in the year, (a) the corporation is not a member of the particular partnership, and (b) either (i) one of its shareholders holds a direct or indirect interest in the particular partnership, or (ii) if subparagraph (i) does not apply, (A) the corporation does not deal at arm’s length with a person that holds a direct or indirect interest in the particular partnership, and (B) it is not the case that all or substantially all of the corporation’s income for the year from an active business is from providing services or property to (I) persons with which the corporation deals at arm’s length, or (II) partnerships (other than the particular partnership) with which the corporation deals at arm’s length, other than a partnership in which a person th