I-3 - Taxation Act

Section 737.18.17.7.1 Disposition versions

2019-06-19

737.18.17.7.1. Where the corporation described in section 737.18.17.5 for a taxation year is a primary and manufacturing sectors corporation, within the meaning assigned by the first paragraph of section 771.1, to which paragraph d.4 of subsection 1 of section 771 applies for the year, section 737.18.17.6 is to be read as if “subparagraph c of the first paragraph of section 771.0.2.4” in the sixth paragraph were replaced by “section 771.0.2.6”.

2017, c. 1, s. 184; 2019, c. 14, s. 202.

2017-02-08

737.18.17.7.1. Where the corporation described in section 737.18.17.5 for a taxation year is a primary and manufacturing sectors corporation, within the meaning assigned by the first paragraph of section 771.1, to which paragraph d.4 of subsection 1 of section 771 applies for the year, section 737.18.17.6 is to be read

(a)  as if “100/8 of” in subparagraph b of the first paragraph were replaced by “the product obtained by multiplying the proportion that is the reciprocal of the difference between the basic rate determined for the year in respect of the corporation under section 771.0.2.3.1 and the percentage determined for the year in its respect under section 771.0.2.6 by”; and

(b)  as if “8% of” in subparagraph i of subparagraphs b and d of the fifth paragraph were replaced by “the product obtained by multiplying the difference between the basic rate determined for the year in respect of the corporation under section 771.0.2.3.1 and the percentage determined for the year in its respect under section 771.0.2.6 by”.

2017, c. 1, s. 184.