I-3 - Taxation Act

Section 733.0.2 Disposition versions

2012-05-09

733.0.2. (Repealed).

1999, c. 83, s. 79; 2012, c. 8, s. 71.

2006-03-01

733.0.2. For the purpose of determining the amount of the non-capital loss, farm loss, net capital loss or limited partnership loss for a taxation year of a corporation that is, for that year, a qualified corporation within the meaning of the first paragraph of section 1029.8.36.89, the following rules apply:

(a)  the amount determined under subparagraph a of the first paragraph of section 737.18.3 in respect of the qualified corporation for the year is deemed to be nil;

(b)  the amount determined under subparagraph b of the first paragraph of section 737.18.3 in respect of the qualified corporation for the year is, up to the amount that would, but for paragraph a, be determined under subparagraph a of the first paragraph of that section 737.18.3 in respect of the qualified corporation for the year, deemed to be nil.

1999, c. 83, s. 79.