I-3 - Taxation Act

Section 1029.8.36.0.42 Disposition versions

2021-06-04

1029.8.36.0.42. (Repealed).

2000, c. 39, s. 176; 2001, c. 51, s. 159; 2003, c. 9, s. 248; 2021, c. 18, s. 121.

2006-03-01

1029.8.36.0.42. The amount to which the first paragraph of section 1029.8.36.0.40 refers in relation to the qualified wages incurred by a corporation in a taxation year in respect of an eligible employee in the course of carrying on a recognized business, is, where the amount determined under paragraph b of the definition of “qualified wages” in the first paragraph of section 1029.8.36.0.38 is the qualified wages for that taxation year, equal to the aggregate of

(a)  40% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the corporation in the year, but after 9 March 1999 and before 1 January 2002, in respect of the eligible employee;

(b)  30% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the corporation in the year, but after 31 December 2001 and before 1 January 2005, in respect of the eligible employee; and

(c)  20% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the corporation in the year, but after 31 December 2004 and before 1 January 2014, in respect of the eligible employee.

2000, c. 39, s. 176; 2001, c. 51, s. 159; 2003, c. 9, s. 248.