I-3 - Taxation Act

Section 1029.6.0.1.8.2 Disposition versions

2006-12-06

1029.6.0.1.8.2. For the purposes of the first paragraph of section 1029.6.0.1.8.1, an amount is deemed to be an amount paid as the repayment of a benefit or advantage by a person or partnership at a particular time, pursuant to a legal obligation, if that amount

(a)  reduced a cost, an expenditure or expenses for the purpose of computing an amount that a taxpayer is deemed to have paid to the Minister for a taxation year under a provision of this chapter or is deemed to have overpaid to the Minister, in relation to a taxation year, under section 34.1.9 of the Act respecting the Régie de l’assurance maladie du Québec (chapter R-5);

(b)  was not obtained by the person or partnership; and

(c)  ceased, at that time, to be an amount that the person or partnership may reasonably expect to obtain.

2006, c. 36, s. 103.