I-3 - Taxation Act

Section 1029.8.19.8 Disposition versions

2015-12-04

1029.8.19.8. In this subdivision,

“exclusion threshold” applicable to a taxpayer for a taxation year or to a partnership for a fiscal period means the amount determined under section 1029.8.19.9 in respect of the taxpayer for the year or of the partnership for the fiscal period, as the case may be;

“reducible expenditures” of a taxpayer for a taxation year that begins after 2 December 2014 or of a partnership for a fiscal period that begins after that date means the aggregate of all amounts each of which is an expenditure incurred by the taxpayer or the partnership that is attributable to the year or the fiscal period, as the case may be, and that is

(a)   wages referred to in subparagraph a of the first paragraph of section 1029.7 or 1029.8 or a portion of a consideration referred to in any of subparagraphs b to i of the first paragraph of either of those sections;

(b)  an expenditure referred to in paragraph d.1 of section 1029.8.1;

(c)  an eligible fee or an eligible fee balance within the meaning assigned to those expressions by section 1029.8.9.0.2; or

(d)  a qualified expenditure within the meaning assigned to that expression by the first paragraph of section 1029.8.16.1.1.

For the purposes of the definition of “reducible expenditures” in the first paragraph, an expenditure incurred after 2 December 2014 under a contract or agreement entered into on or before that date in respect of scientific research and experimental development does not constitute an expenditure described in the definition of that expression.

2015, c. 36, s. 99.