I-3 - Taxation Act

Section 1029.8.36.90.2 Disposition versions

2012-05-09

1029.8.36.90.2. (Repealed).

2001, c. 51, s. 186; 2012, c. 8, s. 228.

2006-03-01

1029.8.36.90.2. The agreement to which the second paragraph of section 1029.8.36.90 refers, in respect of a qualified corporation that is a member of an associated group at the end of a taxation year, is the agreement pursuant to which every member corporation of the group attributes to the qualified corporation, for the purposes of this division, an amount for the year that is not greater than the amount by which $1,000,000 exceeds the aggregate of all amounts each of which is an amount deemed to have been paid to the Minister under the first paragraph of section 1029.8.36.90

(a)  by the qualified corporation for a preceding taxation year;

(b)  in respect of the associated group in the year of which the qualified corporation is a member, by another member corporation of the group, referred to in the second paragraph as the “particular corporation”, for a particular taxation year of the other corporation ending in the year or for any taxation year of the other corporation preceding that particular year; or

(c)  where the qualified corporation was a member of an associated group in a preceding taxation year, by another corporation, other than a corporation referred to in subparagraph b, that is a member of the group, referred to in the second paragraph as the “particular corporation”, for a particular taxation year of the other corporation ending in that preceding taxation year or for any taxation year of the other corporation preceding that particular taxation year.

For the purposes of subparagraph c of the first paragraph, where the particular corporation was, in a preceding taxation year, a member of a particular associated group of which the qualified corporation is not a member, the qualified corporation is deemed to be a member of the particular associated group in that preceding taxation year.

2001, c. 51, s. 186.