I-3 - Taxation Act

Section 1029.8.36.0.3.11 Disposition versions

2007-11-07

1029.8.36.0.3.11. If, in a taxation year, in this section referred to as the “repayment year”, a person or partnership pays, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of government assistance or non-government assistance that the person or partnership received and that reduced, in accordance with section 1029.8.36.0.3.10.1, the qualified labour expenditure of a corporation, for a particular taxation year, in respect of a property that is a multimedia title for the purpose of computing the amount that the corporation is deemed to have paid to the Minister for the particular year under section 1029.8.36.0.3.9, the corporation is deemed, if it encloses the prescribed form with the fiscal return it is required to file for the repayment year under section 1000, to have paid to the Minister on the corporation’s balance-due day for the repayment year, on account of its tax payable for that year under this Part, an amount equal to the amount by which the amount that it would be deemed to have paid to the Minister for that particular year under section 1029.8.36.0.3.9, if any amount of such assistance so repaid at or before the end of the repayment year had reduced, for the particular year, the amount of any government assistance or non-government assistance referred to in section 1029.8.36.0.3.10.1, exceeds the aggregate of

(a)  the amount that the corporation is deemed to have paid to the Minister under section 1029.8.36.0.3.9 for that particular year; and

(b)  any amount that the corporation is deemed to have paid to the Minister for a year preceding the repayment year under this section in respect of an amount of repayment of that assistance.

1999, c. 83, s. 198; 2001, c. 7, s. 169; 2002, c. 40, s. 138; 2006, c. 13, s. 120; 2007, c. 12, s. 165.

2006-06-13

1029.8.36.0.3.11. Where, in a taxation year, in this section referred to as the "repayment year", a corporation pays, pursuant to a legal obligation, an amount that may reasonably be considered to be repayment of government assistance or non-government assistance that was taken into account for the purpose of computing a particular qualified labour expenditure incurred by the corporation in respect of a property that is a multimedia title in a taxation year, in this section referred to as the "payment year", and in respect of which the corporation is deemed to have paid an amount to the Minister under section 1029.8.36.0.3.9 for a particular taxation year, the corporation is deemed, if it encloses the prescribed form with the fiscal return it is required to file for the repayment year under section 1000, to have paid to the Minister on the corporation’s balance-due day for the repayment year, on account of its tax payable for that year under this Part, an amount equal to the amount by which the amount that it would be deemed to have paid to the Minister for that particular taxation year under that section 1029.8.36.0.3.9, if any amount of such assistance the corporation so repaid at or before the end of the repayment year had reduced, for the payment year, the amount of any government assistance or non-government assistance referred to in section 1029.8.36.0.3.10.1, exceeds the aggregate of

(a)  the amount that the corporation is deemed to have paid to the Minister under section 1029.8.36.0.3.9 for that particular year; and

(b)  any amount that the corporation is deemed to have paid to the Minister for a year preceding the repayment year under this section in respect of an amount of repayment of that assistance.

1999, c. 83, s. 198; 2001, c. 7, s. 169; 2002, c. 40, s. 138; 2006, c. 13, s. 120.

2006-03-01

1029.8.36.0.3.11. Where, in a taxation year, in this section referred to as the "repayment year", a corporation pays, pursuant to a legal obligation, an amount that may reasonably be considered to be repayment of government assistance or non-government assistance that was taken into account for the purpose of computing a particular qualified labour expenditure incurred by the corporation in respect of a property that is a multimedia title in a taxation year, in this section referred to as the "payment year", and in respect of which the corporation is deemed to have paid an amount to the Minister under section 1029.8.36.0.3.9 for a particular taxation year, the corporation is deemed, if it encloses the prescribed form with the fiscal return it is required to file for the repayment year under section 1000, to have paid to the Minister on the corporation’s balance-due day for the repayment year, on account of its tax payable for that year under this Part, an amount equal to the amount by which the amount that it would be deemed to have paid to the Minister for that particular taxation year under that section 1029.8.36.0.3.9, if any amount of such assistance the corporation so repaid at or before the end of the repayment year had reduced, for the payment year, the amount determined under paragraph b of the definition of "qualified labour expenditure" in the first paragraph of section 1029.8.36.0.3.8, exceeds the aggregate of

(a)  the amount that the corporation is deemed to have paid to the Minister under section 1029.8.36.0.3.9 for that particular year; and

(b)  any amount that the corporation is deemed to have paid to the Minister for a year preceding the repayment year under this section in respect of an amount of repayment of that assistance.

1999, c. 83, s. 198; 2001, c. 7, s. 169; 2002, c. 40, s. 138.