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I-3 - Taxation Act
Section 217.37
Disposition versions
217.37. If, because of section 217.36, this section applies to a corporation for a taxation year, the corporation shall include in computing its income for the taxation year the amount determined by the formula
A + 0.50 × (A - B).
In the formula in the first paragraph,
(a) A is the aggregate of all amounts each of which is the corporation’s income shortfall adjustment in respect of a qualifying partnership for the year; and
(b) B is the lesser of the aggregate described in subparagraph a and the aggregate of all amounts each of which is 25% of the positive amount that would be the income shortfall adjustment in respect of a qualifying partnership for the year if the amount referred to in subparagraph g of the second paragraph of section 217.35 were equal to zero.
