Every corporation having an establishment in Québec at any time during a taxation year must pay tax on paid-up capital. The paid-up capital is calculated in the Déclaration de revenus des sociétés (CO-17-T) and is based on financial statements drawn up in accordance with generally accepted accounting principles.
The paid-up capital includes such elements as
For more information, refer to the Guide to Filing the Corporation Income Tax Return (CO-17.G-V).