Income Tax Small Business Tax Holiday Regulation

B.C. Reg. 346/96
O.C. 1403/96

Deposited December 6, 1996
effective May 1, 1996

This consolidation is current to December 9, 2025.

Income Tax Act

Income Tax Small Business
Tax Holiday Regulation

Certain professional corporations ineligible

1 A corporation that carries on a business that provides one or more of the following services is ineligible for a deduction under section 17 of the Act:

(a) legal or notary public services;

(b) professional services of a medical practitioner;

(d) veterinarian services;

(e) professional services of an accountant or accounting services.

[Provisions relevant to the enactment of this regulation: Income Tax Act, R.S.B.C. 1996, c. 215: section 17 (5); see also Income Tax Amendment Act, 1996: section 7 regarding retroactive effective date]