I-3 - Taxation Act

Section 1029.8.21.50 Disposition versions

2009-06-04

1029.8.21.50. (Repealed).

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

2006-03-01

1029.8.21.50. For the purposes of sections 1029.8.21.47 to 1029.8.21.49, an amount of assistance is deemed to be repaid, at a particular time, by a qualified corporation or a qualified partnership, as the case may be, pursuant to a legal obligation where that amount

(a)  reduced, because of section 1029.8.21.46, the amount of an eligible production expenditure, or a corporation’s share of such an amount, for the purpose of computing the amount that the corporation is deemed to have paid to the Minister for a taxation year under section 1029.8.21.42 or 1029.8.21.44;

(b)  was not received by the corporation or partnership; and

(c)  ceased, at the particular time, to be an amount that the corporation or partnership could reasonably expect to receive.

2001, c. 51, s. 103.