I-3 - Taxation Act

Section 1029.8.16.4 Disposition versions

2010-10-27

1029.8.16.4. (Repealed).

2005, c. 1, s. 267; 2010, c. 25, s. 122.

2006-03-01

1029.8.16.4. For the purposes of this division, where the rules in sections 556 to 564.1 and 565 apply to the winding-up of a subsidiary, within the meaning of that section 556, the following rules apply:

(a)  where the parent corporation, within the meaning of that section 556, has fewer than three taxation years that end before a particular taxation year, its base period for the particular taxation year is deemed to be the period commencing on the day that is the earliest of all days each of which is the commencement of a taxation year of the parent corporation or subsidiary that is within the three-year period ending immediately before the particular taxation year, and ending immediately before the particular taxation year; and

(b)  the parent corporation shall include, in computing its eligible amount for its base period, the eligible amount of the subsidiary for any taxation year that commenced in that base period.

2000, c. 39, s. 128.