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

Section 1029.8.9.1r3 Disposition versions

2012-09-01

1029.8.9.1R3. The amount determined under section 1029.8.9.1R1 as being the prescribed proxy amount of a taxpayer in respect of a business for a taxation year may not exceed the amount by which the aggregate of the amounts deducted in computing the taxpayer’s income for the year from the business exceeds the aggregate of the amounts each of which represents

(a)  an amount deducted in computing the taxpayer’s income for the year from the business under sections 128, 130 and 130.1, paragraph b of section 135, sections 137 to 143, 145 to 154, 155, 156, 157 to 157.3, 157.5 to 157.14, 158, 160 to 163.1, 167, 167.1, 176 to 179, 183, 188 to 189.0.1 and 198 of the Act, Divisions I, VI and XI of Chapter V of Title III of Book III of Part I of the Act, Chapter X of Title VI of that book, excluding sections 360 and 361, and Title XII of that book, excluding sections 650 to 651.1, 661, 662, 665, 665.1 and 683 to 692.4; or

(b)  an amount incurred by the taxpayer in the year in respect of an outlay made or expenditure incurred for the use of or the right to use a building other than a special-purpose building described in section 230.0.0.2R1.

s. 1029.8.9.1R3; O.C. 1707-97, s. 76; O.C. 134-2009, s. 1; O.C. 1176-2010, s. 48.