I-3, r. 1 - Regulation respecting the Taxation Act

Section 257r3 Disposition versions

2012-09-01

257R3. For the purposes of subparagraph vi of paragraph l of section 257 of the Act, a prescribed amount is any particular amount deducted by a taxpayer under subsection 5 of section 127 of the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.)) in computing tax payable under that Act for a taxation year subsequent to the 1981 taxation year, that may reasonably be attributed to an amount added under subsection 8 of that section 127 in computing the taxpayer’s investment tax credit within the meaning of subsection 9 of that section 127, other than the part of that particular amount that may reasonably be considered to be related to an amount that is a qualified expenditure within the meaning of that subsection 9, and that constitutes, for the purposes of the definition of that expression, an expenditure made after 30 April 1987 and before 10 May 1996.

s. 257R2; O.C. 2583-85, s. 11; O.C. 1232-91, s. 7; O.C. 35-96, s. 86; O.C. 1707-97, s. 37; O.C. 134-2009, s. 1.