I-3 - Taxation Act

Section 1029.8.36.0.62 Disposition versions

2021-06-04

1029.8.36.0.62. (Repealed).

2000, c. 39, s. 176; 2001, c. 51, s. 167; 2003, c. 9, s. 262; 2021, c. 18, s. 121.

2006-03-01

1029.8.36.0.62. The amount to which the first paragraph of section 1029.8.36.0.60 refers in respect of a corporation in relation to a qualified brokerage expenditure incurred by a partnership in a fiscal period in the course of carrying on a recognized business, is, where the amount determined under paragraph b of the definition of “qualified brokerage expenditure” in the first paragraph of section 1029.8.36.0.55 is the qualified brokerage expenditure for that fiscal period, equal to the aggregate of

(a)  the amount obtained by multiplying 40% of the portion of the qualified brokerage expenditure that may reasonably be considered to be attributable to the fees incurred by the partnership in the fiscal period, but after 9 March 1999 and before 1 January 2002, by the corporation’s share of the qualified brokerage expenditure;

(b)  the amount obtained by multiplying 30% of the portion of the qualified brokerage expenditure that may reasonably be considered to be attributable to the fees incurred by the partnership in the fiscal period, but after 31 December 2001 and before 1 January 2005, by the corporation’s share of the qualified brokerage expenditure; and

(c)  the amount obtained by multiplying 20% of the portion of the qualified brokerage expenditure that may reasonably be considered to be attributable to the fees incurred by the partnership in the fiscal period, but after 31 December 2004 and before 1 January 2014, by the corporation’s share of the qualified brokerage expenditure.

2000, c. 39, s. 176; 2001, c. 51, s. 167; 2003, c. 9, s. 262.