I-3 - Taxation Act

Section 1029.8.36.165 Disposition versions

2010-10-27

1029.8.36.165. (Repealed).

2002, c. 40, s. 209; 2010, c. 25, s. 170.

2006-03-01

1029.8.36.165. Where, in a taxation year, in this section referred to as the “repayment year”, a corporation pays, pursuant to a legal obligation, an amount that may reasonably be considered to be repayment of government assistance or non-government assistance that was taken into account for the purpose of computing a communications expenditure incurred by the corporation, in respect of an eligible road show, in a particular taxation year included in computing the corporation’s eligible communications expenditure for the particular taxation year in respect of which the corporation is deemed to have paid an amount to the Minister under section 1029.8.36.163 for the particular taxation year, the corporation is deemed, if it encloses the prescribed form with the fiscal return it is required to file for the repayment year under section 1000, to have paid to the Minister on the corporation’s balance-due day for the repayment year, on account of its tax payable for that year under this Part, an amount equal to the amount by which the amount that it would be deemed to have paid to the Minister for the particular year under section 1029.8.36.163, if any amount so paid as repayment of such assistance at or before the end of the repayment year had reduced, for the particular year, the amount of any government assistance or non-government assistance referred to in subparagraph a of the second paragraph of section 1029.8.36.157, exceeds the aggregate of

(a)  the amount that the corporation is deemed to have paid to the Minister under section 1029.8.36.163 for the particular year; and

(b)  any amount that the corporation is deemed to have paid to the Minister for a taxation year preceding the repayment year under this section in respect of an amount paid as repayment of that assistance.

2002, c. 40, s. 209.