I-3 - Taxation Act

Section 1029.8.36.0.106.23 Disposition versions

2023-04-01

1029.8.36.0.106.23. For the purposes of section 1029.8.36.0.106.22, an amount is deemed to be an amount paid by a corporation, a person or a partnership, as the case may be, in a particular taxation year as a repayment of an amount included in the aggregate determined for a preceding taxation year in respect of the corporation under section 1029.8.36.0.106.21, pursuant to a legal obligation, if that amount

(a)  has been included in that aggregate;

(b)  in the case of an amount referred to in paragraph a of section 1029.8.36.0.106.21, has not been received by the corporation;

(c)  in the case of an amount referred to in paragraph b of section 1029.8.36.0.106.21, has not been obtained by the person or partnership; and

(d)  ceased in the particular taxation year to be an amount that the corporation, person or partnership may reasonably expect to receive or obtain.

2023, c. 2, s. 44.