I-3 - Taxation Act

Section 771.2.3 Disposition versions

2012-05-09

771.2.3. (Repealed).

1999, c. 83, s. 105; 2000, c. 39, s. 80; 2005, c. 38, s. 175; 2009, c. 5, s. 316; 2012, c. 8, s. 134.

2009-05-15

771.2.3. For the purposes of sections 771.2.1.2 and 771.8.3, the amount by which the income of a corporation for a taxation year from an eligible business carried on by it exceeds its loss for the year from such a business shall be computed

(a)  as if the amount determined under subparagraph a of the first paragraph of section 737.18.3 in respect of the corporation for the year were nil; and

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

1999, c. 83, s. 105; 2000, c. 39, s. 80; 2005, c. 38, s. 175; 2009, c. 5, s. 316.

2006-03-01

771.2.3. For the purposes of paragraphs d.2 and h of subsection 1 of section 771 and sections 771.2.1.2 and 771.8.3, the amount by which the income of a corporation for a taxation year from an eligible business carried on by it exceeds its loss for the year from such a business shall be computed

(a)  as if the amount determined under subparagraph a of the first paragraph of section 737.18.3 in respect of the corporation for the year were nil; and

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

1999, c. 83, s. 105; 2000, c. 39, s. 80; 2005, c. 38, s. 175.