I-3 - Taxation Act

Section 1029.8.36.0.27 Disposition versions

2010-10-27

1029.8.36.0.27. Notwithstanding any other provision of this chapter, a corporation that is an exempt corporation for a taxation year shall not be deemed to have paid an amount to the Minister for the year under a provision of this chapter, other than a provision of this division and Divisions II and II.1, where that year is in whole or in part within its eligibility period.

In addition, the corporation shall not be deemed to have paid an amount to the Minister for a taxation year that is in whole or in part within the corporation’s eligibility period, in respect of a particular amount, under

(a)  a provision of Division II, if the particular amount is included in the wages that are taken into account in computing the qualified wages paid in the year by the corporation to an eligible employee and in respect of which an amount is deemed to have been paid by the corporation, for the year, under section 1029.8.36.0.19; or

(b)  section 1029.8.36.0.20, if the particular amount is qualified wages paid in a preceding taxation year by the corporation to an eligible employee and an amount is deemed to have been paid by the corporation for that preceding year under a provision of Division II, in respect of an amount included in the wages that are taken into account in computing the particular amount.

For the purposes of the first and second paragraphs and notwithstanding the first paragraph of section 1029.8.36.0.17, “eligibility period” of a corporation means the period of three years that begins on the later of the day of coming into force of the certificate referred to in paragraph a of section 771.12 that was issued in its respect and the corporation’s reference date.

2000, c. 39, s. 176; 2001, c. 51, s. 154; 2003, c. 9, s. 232; 2005, c. 23, s. 176; 2010, c. 25, s. 136.

2006-03-01

1029.8.36.0.27. Notwithstanding any other provision of this chapter, a corporation that is an exempt corporation for a taxation year shall not be deemed to have paid an amount to the Minister for the year under a provision of this chapter, other than a provision of this division and Divisions II, II.1 and II.3.1, where that year is in whole or in part within its eligibility period.

In addition, the corporation shall not be deemed to have paid an amount to the Minister for a taxation year that is in whole or in part within the corporation’s eligibility period, in respect of a particular amount, under

(a)  a provision of Division II, if the particular amount is included in the wages that are taken into account in computing the qualified wages paid in the year by the corporation to an eligible employee and in respect of which an amount is deemed to have been paid by the corporation, for the year, under section 1029.8.36.0.19; or

(b)  section 1029.8.36.0.20, if the particular amount is qualified wages paid in a preceding taxation year by the corporation to an eligible employee and an amount is deemed to have been paid by the corporation for that preceding year under a provision of Division II, in respect of an amount included in the wages that are taken into account in computing the particular amount.

For the purposes of the first and second paragraphs and notwithstanding the first paragraph of section 1029.8.36.0.17, “eligibility period” of a corporation means the period of three years that begins on the later of the day of coming into force of the certificate referred to in paragraph a of section 771.12 that was issued in its respect and the corporation’s reference date.

2000, c. 39, s. 176; 2001, c. 51, s. 154; 2003, c. 9, s. 232; 2005, c. 23, s. 176.