I-3 - Taxation Act

Section 737.18.3.1 Disposition versions

2012-05-09

737.18.3.1. (Repealed).

2000, c. 39, s. 47; 2012, c. 8, s. 72.

2006-03-01

737.18.3.1. For the purpose of computing the amount that may be deducted by a qualified corporation in computing its taxable income under section 737.18.3 for a taxation year for which the Minister of Finance has issued a valid certificate in respect of a qualified investment fund the reference date of which is before 10 March 1999, but in respect of which the first certificate issued to the qualified corporation is dated both after 9 March 1999 and after the qualified corporation’s filing-due date for the year,

(a)  if the first certificate is a temporary certificate, the date shown thereon is deemed not to be after the qualified corporation’s filing-due date for the year; and

(b)  if the first certificate is a qualification certificate, the following rules apply:

i.  a temporary certificate the date of which is not after the qualified corporation’s filing-due date for the year is deemed to have been issued to the qualified corporation, and

ii.  the third paragraph of section 737.18.3 shall, in respect of the qualified investment fund, be read as if the reference therein to “or valid temporary certificate, as the case may be, mentioned in subparagraph a of the second paragraph” were a reference to “issued to the qualified corporation by the Minister of Finance”.

2000, c. 39, s. 47.