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

Section 1029.8.9.1r1 Disposition versions

2014-03-19

1029.8.9.1R1. For the purposes of the definition of “qualified expenditure” in section 1029.8.9.1 of the Act, the prescribed proxy amount of a taxpayer in respect of a business for a taxation year in respect of which the taxpayer has made the election under subparagraph c of the first paragraph of section 230 of the Act is equal to 55% of the aggregate of the amounts each of which represents the portion of an expenditure incurred in the year by the taxpayer for the salary or wages of an employee of the taxpayer who is directly engaged in scientific research and experimental development carried out in Canada that may reasonably be considered to be attributable to that research and development having regard to the working time spent by the employee thereon.

s. 1029.8.9.1R1; O.C. 1707-97, s. 76; O.C. 1282-2003, s. 65; O.C. 134-2009, s. 1; O.C. 229-2014, s. 15.

2012-09-01

1029.8.9.1R1. For the purposes of the definition of “qualified expenditure” in section 1029.8.9.1 of the Act, the prescribed proxy amount of a taxpayer in respect of a business for a taxation year in respect of which the taxpayer has made the election under subparagraph c of the first paragraph of section 230 of the Act is equal to 65% of the aggregate of the amounts each of which represents the portion of an expenditure incurred in the year by the taxpayer for the salary or wages of an employee of the taxpayer who is directly engaged in scientific research and experimental development carried out in Canada that may reasonably be considered to be attributable to that research and development having regard to the working time spent by the employee thereon.

s. 1029.8.9.1R1; O.C. 1707-97, s. 76; O.C. 1282-2003, s. 65; O.C. 134-2009, s. 1.