I-3 - Taxation Act

Section 1029.8.21.43 Disposition versions

2009-06-04

1029.8.21.43. (Repealed).

2001, c. 51, s. 103; 2009, c. 15, s. 224.

2006-03-01

1029.8.21.43. The agreement to which subparagraph b of the first paragraph of section 1029.8.21.42 refers, in respect of a qualified corporation that is a member of an associated group at the end of a taxation year, is the agreement pursuant to which all of the corporations and partnerships, each of which is a member of the group, attribute to the qualified corporation, for the purposes of this division, an amount for the year that does not exceed the amount by which $40,000 exceeds the aggregate of all amounts each of which is an amount deemed to have been paid to the Minister,

(a)  under section 1029.8.21.42 or 1029.8.21.44,

i.  by the qualified corporation for a preceding taxation year,

ii.  in respect of the associated group in the year of which the qualified corporation is a member, by another member corporation of the group, for a particular taxation year of the other corporation ending in the year or for a taxation year of the other corporation preceding that particular taxation year, or

iii.  where the qualified corporation was a member of an associated group in a preceding taxation year, by another corporation, other than a corporation referred to in subparagraph ii, that is a member of the group, for a particular taxation year of the other corporation ending in that preceding taxation year or for a taxation year of the other corporation preceding that particular taxation year; or

(b)  under section 1029.8.21.44,

i.  by the qualified corporation for the year,

ii.  in respect of the associated group in the year of which the qualified corporation is a member, by another corporation, other than a corporation referred to in subparagraph ii or iii of paragraph a, that is a member of a partnership that is a member of the group, at the end of a fiscal period of the partnership, for a particular taxation year of the other corporation ending in the year and in which that fiscal period of the partnership ends, or for a taxation year of the other corporation preceding that particular taxation year and in which a fiscal period of the partnership ends, or

iii.  where the qualified corporation was a member of an associated group in a preceding taxation year, by another corporation, other than a corporation referred to in subparagraph ii or subparagraph ii or iii of paragraph a, that is a member of a partnership that is a member of the group, at the end of a fiscal period of the partnership, for a particular taxation year of the other corporation ending in that preceding taxation year and in which that fiscal period of the partnership ends, or for a taxation year of the other partnership preceding that particular taxation year and in which a fiscal period of the partnership ends.

2001, c. 51, s. 103.