Tax Credit
Ontario qualifying environmental trust tax credit
A corporation that is the beneficiary of a qualifying environmental trust located in Ontario can claim a qualifying environmental trust tax credit on income that is subject to tax under Part XII.4 of the federal Income Tax Act.
- 4.5/5.0
- Canada Revenue Agency (CRA)
- All levels
- Last updated 3 years ago
- English
Description
A corporation that is the beneficiary of a qualifying environmental trust located in Ontario can claim a qualifying environmental trust tax credit on income that is subject to tax under Part XII.4 of the federal Income Tax Act.
The amount of the tax credit is the corporation's share of the qualifying environmental trust tax paid by the trust.