I-3 - Taxation Act

Section 1029.8.36.0.41 Disposition versions

2021-06-04

1029.8.36.0.41. (Repealed).

2000, c. 39, s. 176; 2001, c. 51, s. 158; 2003, c. 9, s. 247; 2021, c. 18, s. 121.

2006-03-01

1029.8.36.0.41. The amount to which the first paragraph of section 1029.8.36.0.40 refers in relation to the qualified wages incurred by a corporation in a taxation year in respect of an eligible employee in the course of carrying on a recognized business, is, where the amount to which paragraph a of the definition of “qualified wages” in the first paragraph of section 1029.8.36.0.38 refers is the qualified wages for that taxation year, equal to

(a)  where the taxation year of the corporation ends before 1 January 2002, 40% of the amount determined for the year under paragraph a of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business;

(b)  where the taxation year of the corporation begins before 1 January 2002 and ends after 31 December 2001, the aggregate of

i.  40% of the amount determined for the year under subparagraph i of paragraph b of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, and

ii.  30% of the amount determined for the year under subparagraph ii of paragraph b of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business;

(c)  where the taxation year of the corporation begins after 31 December 2001 and ends before 1 January 2005, 30% of the amount determined for the year under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business;

(d)  where the taxation year of the corporation begins before 1 January 2005 and ends after 31 December 2004, the aggregate of

i.  30% of the amount obtained by multiplying the amount determined for the year under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, by the proportion that the number of days in the year before 1 January 2005 during which the employee qualifies as an eligible employee in relation to the recognized business is of the number of days in the year during which the employee qualifies as an eligible employee in relation to the recognized business, and

ii.  20% of the amount obtained by multiplying the amount determined for the year under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, by the proportion that the number of days in the year after 31 December 2004 during which the employee qualifies as an eligible employee in relation to the recognized business is of the number of days in the year during which the employee qualifies as an eligible employee in relation to the recognized business;

(e)  where the taxation year of the corporation begins after 31 December 2004 and ends before 1 January 2014, 20% of the amount determined for the year under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business; and

(f)  where the taxation year of the corporation ends after 31 December 2013, 20% of the amount determined for the year under paragraph c of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business.

2000, c. 39, s. 176; 2001, c. 51, s. 158; 2003, c. 9, s. 247.