• Exception for a listed country

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    An exception to the general rule is made for a CFC that is a resident of a listed country and derives certain untaxed income or gains from sources outside the listed country. These amounts are taken into account whether or not the CFC passes the active income test.

    Last modified: 05 Dec 2006QC 17522