I-3 - Taxation Act

Section 1029.8.36.72.82.7 Disposition versions

2010-10-27

1029.8.36.72.82.7. 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,

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.82.6, 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 any of sections 1029.8.36.72.82.2, 1029.8.36.72.82.3, 1029.8.36.72.82.3.2 and 1029.8.36.72.82.3.3, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.82.6, the excess amount referred to in subparagraph a or c of the first paragraph of section 1029.8.36.72.82.4 or in any of paragraphs a to c of section 1029.8.36.72.82.4.1 or 1029.8.36.72.82.4.2, as the case may be, 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.

2004, c. 21, s. 412; 2005, c. 23, s. 206; 2009, c. 15, s. 292; 2010, c. 25, s. 156.

2009-06-04

1029.8.36.72.82.7. 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,

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.82.6, 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 1029.8.36.72.82.2 or 1029.8.36.72.82.3 or under subparagraph a of the first paragraph of section 1029.8.36.72.82.3.2 or 1029.8.36.72.82.3.3, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.82.6, the excess amount referred to in subparagraph a or c of the first paragraph of section 1029.8.36.72.82.4 or in any of paragraphs a to c of section 1029.8.36.72.82.4.1 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.

2004, c. 21, s. 412; 2005, c. 23, s. 206; 2009, c. 15, s. 292.

2006-03-01

1029.8.36.72.82.7. 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,

i.  in the case of assistance referred to in subparagraph a of the first paragraph of section 1029.8.36.72.82.6, 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 1029.8.36.72.82.2 or 1029.8.36.72.82.3, or

ii.  in the case of assistance referred to in subparagraph b of the first paragraph of section 1029.8.36.72.82.6, the excess amount referred to in subparagraph a or c of the first paragraph of section 1029.8.36.72.82.4 or in any of paragraphs a to c of section 1029.8.36.72.82.4.1 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.

2004, c. 21, s. 412; 2005, c. 23, s. 206.