How to calculate Part IX.1 tax

Every partnership that is a Specified investment flow-through (SIFT) partnership for a tax year is liable to a tax under Part IX.1 equal to the amount determined by the following formula:

A × (B + C)

where:

A represents the taxable non-portfolio earnings of the SIFT partnership for the tax year

B represents the net corporate income tax rate in respect of the SIFT partnership for the tax year

C represents the provincial SIFT tax rate of the SIFT partnership for the tax year:

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