I-3 - Taxation Act

Section 1029.8.36.0.3.89 Disposition versions

2019-06-19

1029.8.36.0.3.89. For the purposes of this division, the digital conversion costs limit of a qualified corporation or of a qualified partnership for a taxation year or a fiscal period, as the case may be, is equal to

(a)  where the qualified corporation or qualified partnership is not a member of an associated group in the year or fiscal period, $20,000,000; or

(b)  in any other case,

i.  the amount attributed for the year to the qualified corporation, or for the fiscal period to the qualified partnership, pursuant to the agreement described in section 1029.8.36.0.3.90 that is enclosed with the fiscal return that is required to be filed under section 1000 by the qualified corporation for the year or by a corporation that is a member of the qualified partnership for the corporation’s taxation year in which the fiscal period ends, or

ii.  if no amount is attributed under the agreement to which subparagraph i refers or in the absence of such an agreement, zero.

2019, c. 14, s. 332.