I-3 - Taxation Act

Section 1029.8.36.72.82.19 Disposition versions

2010-10-27

1029.8.36.72.82.19. 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, if that amount

(a)  reduced the amount of salaries or wages for the purpose of computing,

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.82.18, the amount that the qualified corporation is deemed to have paid to the Minister for a taxation year under subparagraph a or a.1 of the first paragraph of section 1029.8.36.72.82.14 or 1029.8.36.72.82.15, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.82.18, the aggregate and the excess amount referred to, respectively, in paragraphs a and c of section 1029.8.36.72.82.16 or paragraphs a to c of section 1029.8.36.72.82.16.1, as the case may be, and 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.

2005, c. 23, s. 210; 2010, c. 25, s. 167.

2006-03-01

1029.8.36.72.82.19. 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, if that amount

(a)  reduced the amount of salaries or wages for the purpose of computing,

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.82.18, 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 section 1029.8.36.72.82.14 or 1029.8.36.72.82.15, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.82.18, the excess amount referred to in paragraph a or c of section 1029.8.36.72.82.16 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.

2005, c. 23, s. 210.