I-3 - Taxation Act

Section 1029.8.36.166.71 Disposition versions

2013-06-05

1029.8.36.166.71. In this division, the qualified expenditure limit of a corporation for a taxation year is equal to

(a)  if the corporation is not a member of an associated group in the year, $375,000; or

(b)  if the corporation is a member of an associated group in the year, an amount attributed for the year to the corporation pursuant to the agreement described in section 1029.8.36.166.72 and enclosed with the fiscal return the corporation is required to file for the year under section 1000 or, if no amount is attributed to the corporation under the agreement or in the absence of such an agreement, zero.

For the purposes of this section and sections 1029.8.36.166.72 to 1029.8.36.166.74, an associated group in a taxation year means all the corporations that are associated with each other in the year and are qualified corporations for the year.

2013, c. 10, s. 123.