Section 110.5 — Income Tax Act: Additions for foreign tax deductions

There shall be added to a corporation’s taxable income otherwise determined for a taxation year such amount as the corporation may claim to the extent that the addition thereof increases any amount deductible by the corporation under subsection 126(1) or (2) for the year; and does not increase an amount deductible by the corporation under any of sections 125, 125.1, 127, 127.2 and 127.3 for the year.