Pool Tax

What is Pool Tax?

Tax Pool means the not depreciated capital cost of any particular class of depreciable property. It includes cumulative Canadian exploration expenses, development expenses, and oil and gas property expenses. This tax also refers to foreign exploration, capital losses, non-capital losses, incremental eligible capital, and investment tax credits, all as defined in the Tax Act.

Also, pool taxes can refer to the unclaimed balance of HCo’s, Stuart Energy’s, and Test Systems. These might also refer to non-capital losses, scientific research and experimental development expenditures. And investment tax credits as of a particular date, which will be determined as if that date was a year-end for income tax purposes.

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