I-3 - Taxation Act

Section 1029.8.36.72.63 Disposition versions

2021-06-04

1029.8.36.72.63. (Repealed).

2002, c. 9, s. 98; 2004, c. 21, s. 401; 2021, c. 18, s. 125.

2006-03-01

1029.8.36.72.63. For the purposes of this division, an amount of assistance is deemed to be repaid in a calendar year by a qualified corporation, pursuant to a legal obligation, where that amount

(a)  reduced the amount of salaries or wages for the purpose of computing any of the following amounts:

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.62, the amount that the qualified corporation is deemed to have paid to the Minister for a taxation year under subparagraph a of the first paragraph of any of sections 1029.8.36.72.57, 1029.8.36.72.58, 1029.8.36.72.61.1 and 1029.8.36.72.61.2, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.62, the excess amount referred to in paragraph a or c of section 1029.8.36.72.59 or 1029.8.36.72.61.3 determined, in respect of a calendar year, in relation to all of the qualified corporations that are associated with each other;

(b)  was not received by the qualified corporation; and

(c)  ceased in the calendar year to be an amount that the qualified corporation may reasonably expect to receive.

2002, c. 9, s. 98; 2004, c. 21, s. 401.