I-3 - Taxation Act

Section 1029.8.21.45 Disposition versions

2009-06-04

1029.8.21.45. (Repealed).

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

2006-03-01

1029.8.21.45. The agreement to which subparagraph b of the first paragraph of section 1029.8.21.44 refers, in respect of a qualified partnership that is a member of an associated group at the end of a fiscal period, is the agreement pursuant to which every corporation and partnership that is a member of the group attributes to the qualified partnership, for the purposes of this division, an amount for the fiscal period 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 a particular qualified corporation that was a member of the qualified partnership at the end of a preceding fiscal period of the qualified partnership, for a taxation year of the particular qualified corporation in which that preceding fiscal period ends,

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

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

(b)  under section 1029.8.21.44:

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

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

2001, c. 51, s. 103.