I-3 - Taxation Act

Section 771.5 Disposition versions

2006-03-01

771.5. Subject to sections 771.6 and 771.7, a corporation is a qualified corporation for a particular taxation year if

(a)  its first taxation year began after 25 March 1997 but before 30 March 2004;

(b)  it is not a corporation resulting from an amalgamation or a merger of several corporations;

(c)  the particular year is included, in whole or in part, in the exemption period of the corporation;

(d)  the corporation filed a return in prescribed form with the Minister on or before its filing-due date for its first taxation year;

(e)  the corporation has not made an election under subparagraph b of the third paragraph of section 737.18.26.

1987, c. 21, s. 31; 1992, c. 1, s. 71; 1995, c. 63, s. 72; 1997, c. 3, s. 71; 1997, c. 31, s. 83; 1997, c. 85, s. 159; 2000, c. 39, s. 82; 2002, c. 40, s. 76; 2005, c. 23, s. 104.