I-3 - Taxation Act

Section 1029.8.18.3 Disposition versions

2021-06-04

1029.8.18.3. For the purposes of section 1029.8.18.1.3, an amount of assistance received by a person, a partnership, an eligible university entity within the meaning of paragraph f of section 1029.8.1, an eligible public research centre within the meaning of paragraph a.1 of that section, or an eligible research consortium within the meaning of paragraph a.1.1 of that section, as the case may be, is deemed to be repaid by the person, partnership, entity, centre or consortium at a particular time, pursuant to a legal obligation, if that amount

(a)  reduced, because of paragraph c of section 1029.8.18, the amount of a portion of the consideration paid, or all or a portion of a qualified expenditure, for the purpose of computing the amount that is deemed to have been paid by a taxpayer to the Minister for a taxation year under any of Divisions II, II.1 and II.3.0.1;

(b)  was not received by the person, partnership, eligible university entity, eligible public research centre or eligible research consortium; and

(c)  ceased, at the particular time, to be an amount that the person, partnership, eligible university entity, eligible public research centre or eligible research consortium can reasonably expect to receive.

2007, c. 12, s. 132; 2021, c. 18, s. 110.

2007-11-07

1029.8.18.3. For the purposes of section 1029.8.18.1.3, an amount of assistance received by a person, a partnership, an eligible university entity within the meaning of paragraph f of section 1029.8.1, an eligible public research centre within the meaning of paragraph a.1 of that section, or an eligible research consortium within the meaning of paragraph a.1.1 of that section, as the case may be, is deemed to be repaid by the person, partnership, entity, centre or consortium at a particular time, pursuant to a legal obligation, if that amount

(a)  reduced, because of paragraph c of section 1029.8.18, the amount of a portion of the consideration paid, or all or a portion of a qualified expenditure, for the purpose of computing the amount that is deemed to have been paid by a taxpayer to the Minister for a taxation year under any of Divisions II, II.1, II.3 and II.3.0.1;

(b)  was not received by the person, partnership, eligible university entity, eligible public research centre or eligible research consortium; and

(c)  ceased, at the particular time, to be an amount that the person, partnership, eligible university entity, eligible public research centre or eligible research consortium can reasonably expect to receive.

2007, c. 12, s. 132.