A recently released CRA technical interpretation provides municipal electricity utilities (MEUs) and other municipally-owned corporations (MOCs) with continuing reassurance regarding the CRA’s application of the geographic source of income test in paragraphs 149(1)(d.5) and 149(1)(d.6) of the Income Tax Act (Canada) (the “Act”), and presents some interesting opportunities for expanding their business footprint. (...)

type CRA Reaffirms Position On Activities Carried On Outside The Municipality