I-3 - Taxation Act

Section 1029.8.36.53.20.9 Disposition versions

2015-10-26

1029.8.36.53.20.9. For the purposes of sections 1029.8.36.53.20.6 to 1029.8.36.53.20.8, an amount of assistance is deemed to be repaid by a taxpayer or a partnership, as the case may be, at a particular time, pursuant to a legal obligation, if that amount

(a)  reduced, because of section 1029.8.36.53.20.4, the taxpayer’s eligible expenses or the taxpayer’s share of the aggregate of the partnership’s eligible expenses, for the purpose of computing the amount that the taxpayer is deemed to have paid to the Minister for a taxation year under section 1029.8.36.53.20.2 or 1029.8.36.53.20.3;

(b)  was not received by the taxpayer or partnership; and

(c)  ceased at the particular time to be an amount that the taxpayer or partnership could reasonably expect to receive.

2015, c. 24, s. 141.