I-3 - Taxation Act

Section 1029.8.33.16 Disposition versions

2006-03-01

1029.8.33.16. For the purpose of computing the amount that is deemed to have been paid to the Minister for a taxation year by a taxpayer under section 1029.8.33.13 or 1029.8.33.14, the following rules apply:

(a)  the amount of a qualified expenditure determined under any of subparagraphs a to c of the third paragraph of section 1029.8.33.13 shall be reduced, where applicable, by the amount of any government assistance attributable to the qualified expenditure, that the eligible taxpayer has received, is entitled to receive or may reasonably expect to receive, on or before the eligible taxpayer’s filing-due date for that year;

(b)  the amount of a qualified expenditure determined under any of subparagraphs a to c of the fourth paragraph of section 1029.8.33.14 shall be reduced, where applicable, by the amount of any government assistance attributable to the qualified expenditure, that the qualified partnership has received, is entitled to receive or may reasonably expect to receive, on or before a date that is six months after the end of its fiscal period that ends in that year; and

(c)  the share of a taxpayer who is a member of a qualified partnership of the aggregate of the qualified expenditure determined in respect of the qualified partnership for its fiscal period ended in that year shall be reduced, where applicable, by the amount of any government assistance attributable to a qualified expenditure of the qualified partnership forming part of that aggregate, that the taxpayer has received, is entitled to receive or may reasonably expect to receive, on or before a date that is six months after the end of that fiscal period of the partnership.

1997, c. 85, s. 253.