I-3 - Taxation Act

Section 1029.8.36.0.3.58 Disposition versions

2021-06-04

1029.8.36.0.3.58. (Repealed).

2002, c. 9, s. 74; 2021, c. 18, s. 119.

2006-03-01

1029.8.36.0.3.58. For the purposes of the first paragraph of section 1029.8.36.0.3.57, an amount of assistance is deemed to be repaid by a corporation in a taxation year pursuant to a legal obligation where that amount

(a)  reduced, because of subparagraph i of paragraph b of the definition of “qualified wages” in the first paragraph of section 1029.8.36.0.3.46, the amount of the wages referred to in that paragraph b, for the purpose of computing qualified wages in respect of which the corporation is deemed to have paid an amount to the Minister under section 1029.8.36.0.3.48, or would be deemed to have paid an amount to the Minister under section 1029.8.36.0.3.48 if it were read without reference to the fourth and fifth paragraphs thereof;

(b)  was not received by the corporation ; and

(c)  ceased in the taxation year to be an amount that the corporation may reasonably expect to receive.

2002, c. 9, s. 74.