Tax wiki
s. 204.86
PART X.3 — Labour-sponsored Venture Capital Corporations
Return and payment of tax for federally-registered LSVCCs
Not yet annotated · Text current to 2026-06-21 · section last amended 2004-08-31
Current text
Every registered labour-sponsored venture capital corporation and every revoked corporation shall
on or before its filing-due date for a taxation year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;
estimate in the return the amount of tax and penalties, if any, payable under this Part by it for the year; and
on or before its balance-due day for the year, pay to the Receiver General the amount of tax and penalties, if any, payable under this Part by it for the year.
Return and payment of tax for other LSVCCs
(2)Where tax is payable under this Part for a taxation year by a corporation because of subsection 204.82(5) or 204.85(2), the corporation shall
on or before its filing-due date for the year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor;
estimate in the return the amount of tax payable under this Part by it for the year; and
on or before its balance-due day for the year, pay to the Receiver General the amount of tax payable under this Part by it for the year.
Source: Justice Laws Website. Not an official version.
Historic text
This section has not been amended since the start of the point-in-time record on 31 August 2004.
Earlier versions: Justice Laws point-in-time versions of the Act (from 31 August 2004), and CanLII (under “Versions”). On Justice Laws, each version of section 204.86 links to the one before it.
Enacting and amending legislation
- 1994, c. 7, Sch. II, s. 164; 1998, c. 19, s. 56; 2003, c. 15, s. 124
Text before 2004 is found in the annual Statutes of Canada cited above. Application and coming-into-force provisions are not part of the consolidation; see the amending Acts.
Cross-references
This section refers to
References are generated from the statutory text and list other sections of the Act only.
Citation
Income Tax Act, R.S.C. 1985, c. 1 (5th Supp.), s. 204.86.