I-3 - Taxation Act

Section 1029.8.36.0.44 Disposition versions

2021-06-04

1029.8.36.0.44. (Repealed).

2000, c. 39, s. 176; 2001, c. 51, s. 160; 2003, c. 9, s. 250; 2021, c. 18, s. 121.

2006-03-01

1029.8.36.0.44. The amount to which the first paragraph of section 1029.8.36.0.43 refers in respect of a corporation in relation to the qualified wages incurred by a partnership in a fiscal period in respect of an eligible employee in the course of carrying on a recognized business, is, where the amount to which paragraph a of the definition of “qualified wages” in the first paragraph of section 1029.8.36.0.38 refers is the qualified wages for that fiscal period, equal to

(a)  where the fiscal period of the partnership ends before 1 January 2002, the amount obtained by multiplying 40% of the amount determined for the fiscal period under paragraph a of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business by the corporation’s share of the qualified wages;

(b)  where the fiscal period of the partnership begins before 1 January 2002 and ends after 31 December 2001, the amount obtained by multiplying the aggregate of the following amounts by the corporation’s share of the qualified wages:

i.  40% of the amount determined for the fiscal period under subparagraph i of paragraph b of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, and

ii.  30% of the amount determined for the fiscal period under subparagraph ii of paragraph b of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business;

(c)  where the fiscal period of the partnership begins after 31 December 2001 and ends before 1 January 2005, the amount obtained by multiplying 30% of the amount determined for the fiscal period under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business by the corporation’s share of the qualified wages;

(d)  where the fiscal period of the partnership begins before 1 January 2005 and ends after 31 December 2004, the amount obtained by multiplying the aggregate of the following amounts by the corporation’s share of the qualified wages:

i.  30% of the amount obtained by multiplying the amount determined for the fiscal period under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, by the proportion that the number of days in the fiscal period before 1 January 2005 during which the employee qualifies as an eligible employee in relation to the recognized business is of the number of days in the fiscal period during which the employee qualifies as an eligible employee in relation to the recognized business, and

ii.  20% of the amount obtained by multiplying the amount determined for the fiscal period under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business, by the proportion that the number of days in the fiscal period after 31 December 2004 during which the employee qualifies as an eligible employee in relation to the recognized business is of the number of days in the fiscal period during which the employee qualifies as an eligible employee in relation to the recognized business;

(e)  where the fiscal period of the partnership begins after 31 December 2004 and ends before 1 January 2014, the amount obtained by multiplying 20% of the amount determined for the fiscal period under paragraph d of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business by the corporation’s share of the qualified wages; and

(f)  where the fiscal period of the partnership ends after 31 December 2013, the amount obtained by multiplying 20% of the amount determined for the fiscal period under paragraph c of section 1029.8.36.0.39 in respect of the eligible employee in relation to the recognized business by the corporation’s share of the qualified wages.

2000, c. 39, s. 176; 2001, c. 51, s. 160; 2003, c. 9, s. 250.