Taxation of Nonresident Corporations Under Canadian law, nonresident corporations are subject to income taxes in Canada when they carry on a business there or dispose of taxable Canadian property (generally real estate, property used in a Canadian business and private company shares).
What does TCP stand for?
TCP stands for Taxable Canadian Property
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of TCP
We have 485 other meanings of TCP in our Acronym Attic
- Tactical Control Point
- Tactical Control Processor
- Tactical Cryptologic Program
- Tamaraw Conservation Program (Philippines)
- Tank Commanders Panel
- Tape Carrier Package
- Target Classification Process
- Targets and Countermeasures Prime
- Task Change Proposal
- Tassin Club Pongiste (French table tennis club)
- Taxi Cab Paris (France)
- Taxpayer Compliance Program
- Teaching Credential Program (various schools)
- Technical Change Proposal
- Technical Communication Professionals
- Technical Consumer Products Incorporated
- Technical Cooperation Project
- Technical Coordination Program
- Technical/Technology Coordinating Paper
- Technological Capabilities Panel
Samples in periodicals archive:
Generally speaking, taxable Canadian property is defined to include property which is situated in Canada, such as real estate; property which is not easily removed from Canada, such as business assets; or property which is not easily marketable outside of Canada such as shares of private Canadian corporations.
Extending the Taxing Jurisdiction Proposed amendments to subparagraph 115(1)(b)(v) set forth in the April 26, 1995, bill would expand the definition of "taxable Canadian property" to include shares of non-resident, non-Canadian corporations and interests in trusts where, at any time during the 12 months preceding a disposition of such shares or interests, more than 50 percent of the value of the assets of the corporation or trust consists of other taxable Canadian property.