I-3 - Taxation Act

Section 1029.8.36.59.14 Disposition versions

2021-06-04

1029.8.36.59.14. (Repealed).

2005, c. 1, s. 244; 2006, c. 3, s. 35; 2006, c. 36, s. 157; 2009, c. 15, s. 275; 2011, c. 1, s. 74; 2012, c. 8, s. 220; 2021, c. 18, s. 123.

2012-05-09

1029.8.36.59.14. A qualified corporation for a taxation year, that is a member of a qualified partnership at the end of a fiscal period of the partnership that ends in the year, is deemed, subject to the second paragraph, to have paid to the Minister on the qualified corporation’s balance-due day for the year on account of its tax payable for the year, an amount equal to the result obtained by applying the percentage specified in section 1029.8.36.59.14.1 to its share of the eligible expenses of the partnership for the fiscal period in respect of an eligible access road or bridge, to the extent that the expenses are paid, if the partnership entered into a forest management agreement, a timber supply and forest management agreement or a forest management contract with the Minister of Natural Resources and Wildlife and if the corporation encloses, with the fiscal return it is required to file for the year under section 1000,

(a)  the prescribed form containing the prescribed information; and

(b)  a copy of the certificate issued to the partnership in relation to the eligible access road or bridge.

For the purpose of computing the payments that a qualified corporation is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the qualified corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

For the purposes of the first paragraph, a qualified corporation’s share of an amount for a fiscal period of a qualified partnership is equal to the agreed proportion of the amount in respect of the qualified corporation for the partnership’s fiscal period.

2005, c. 1, s. 244; 2006, c. 3, s. 35; 2006, c. 36, s. 157; 2009, c. 15, s. 275; 2011, c. 1, s. 74; 2012, c. 8, s. 220.

2011-02-17

1029.8.36.59.14. A qualified corporation for a taxation year, that is a member of a qualified partnership at the end of a fiscal period of the partnership that ends in the year, is deemed, subject to the second paragraph, to have paid to the Minister on the qualified corporation’s balance-due day for the year on account of its tax payable for the year, an amount equal to the result obtained by applying the percentage specified in section 1029.8.36.59.14.1 to its share of the eligible expenses of the partnership for the fiscal period in respect of an eligible access road or bridge, to the extent that the expenses are paid, if the partnership entered into a forest management agreement, a timber supply and forest management agreement or a forest management contract with the Minister of Natural Resources and Wildlife and if the corporation encloses, with the fiscal return it is required to file for the year under section 1000,

(a)  the prescribed form containing the prescribed information; and

(b)  a copy of the unrevoked certificate issued to the partnership in relation to the eligible access road or bridge.

For the purpose of computing the payments that a qualified corporation is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the qualified corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

For the purposes of the first paragraph, a qualified corporation’s share of an amount for a fiscal period of a qualified partnership is equal to the agreed proportion of the amount in respect of the qualified corporation for the partnership’s fiscal period.

2005, c. 1, s. 244; 2006, c. 3, s. 35; 2006, c. 36, s. 157; 2009, c. 15, s. 275; 2011, c. 1, s. 74.

2009-06-04

1029.8.36.59.14. A qualified corporation for a taxation year, that is a member of a qualified partnership at the end of a fiscal period of the partnership that ends in the year, is deemed, subject to the second paragraph, to have paid to the Minister on the qualified corporation’s balance-due day for the year on account of its tax payable for the year, an amount equal to 90% of its share of the eligible expenses of the partnership for the fiscal period in respect of an eligible access road or bridge, to the extent that the expenses are paid, if the partnership entered into a forest management agreement, a timber supply and forest management agreement or a forest management contract with the Minister of Natural Resources and Wildlife and if the corporation encloses, with the fiscal return it is required to file for the year under section 1000,

(a)  the prescribed form containing the prescribed information; and

(b)  a copy of the unrevoked certificate issued to the partnership in relation to the eligible access road or bridge.

For the purpose of computing the payments that a qualified corporation is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the qualified corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

For the purposes of the first paragraph, a qualified corporation’s share of an amount for a fiscal period of a qualified partnership is equal to the agreed proportion of the amount in respect of the qualified corporation for the partnership’s fiscal period.

2005, c. 1, s. 244; 2006, c. 3, s. 35; 2006, c. 36, s. 157; 2009, c. 15, s. 275.

2006-12-06

1029.8.36.59.14. A qualified corporation for a taxation year, that is a member of a qualified partnership at the end of a fiscal period of the partnership that ends in the year, is deemed, subject to the second paragraph, to have paid to the Minister on the qualified corporation’s balance-due day for the year on account of its tax payable for the year, an amount equal to 90% of its share of the eligible expenses of the partnership for the fiscal period in respect of an eligible access road or bridge, to the extent that the expenses are paid, if the partnership entered into a forest management agreement, a timber supply and forest management agreement or a forest management contract with the Minister of Natural Resources and Wildlife and if the corporation encloses, with the fiscal return it is required to file for the year under section 1000,

(a)  the prescribed form containing the prescribed information; and

(b)  a copy of the unrevoked certificate issued to the partnership in relation to the eligible access road or bridge.

For the purpose of computing the payments that a qualified corporation is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the qualified corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

For the purposes of the first paragraph, a qualified corporation’s share of an amount for a fiscal period of a qualified partnership is equal to the proportion of the amount that the corporation’s share of the income or loss of the partnership for the partnership’s fiscal period is of the income or loss of the partnership for the fiscal period, on the assumption that, if the income and loss of the partnership for the fiscal period are nil, the partnership’s income for the fiscal period is equal to $1,000,000.

2005, c. 1, s. 244; 2006, c. 3, s. 35; 2006, c. 36, s. 157.

2006-03-01

1029.8.36.59.14. A qualified corporation for a taxation year, that is a member of a qualified partnership at the end of a fiscal period of the partnership that ends in the year, is deemed, subject to the second paragraph, to have paid to the Minister on the qualified corporation’s balance-due day for the year on account of its tax payable for the year, an amount equal to 40% of its share of the eligible expenses of the partnership for the fiscal period in respect of an eligible access road or bridge, to the extent that the expenses are paid, if the partnership entered into a forest management agreement, a timber supply and forest management agreement or a forest management contract with the Minister of Natural Resources, Wildlife and Parks and if the corporation encloses, with the fiscal return it is required to file for the year under section 1000,

(a)  the prescribed form containing the prescribed information; and

(b)  a copy of the unrevoked certificate issued to the partnership in relation to the eligible access road or bridge.

For the purpose of computing the payments that a qualified corporation is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the qualified corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

For the purposes of the first paragraph, a qualified corporation’s share of an amount for a fiscal period of a qualified partnership is equal to the proportion of the amount that the corporation’s share of the income or loss of the partnership for the partnership’s fiscal period is of the income or loss of the partnership for the fiscal period, on the assumption that, if the income and loss of the partnership for the fiscal period are nil, the partnership’s income for the fiscal period is equal to $1,000,000.

2005, c. 1, s. 244.