I-3 - Taxation Act

Section 1029.8.36.0.45 Disposition versions

2021-06-04

1029.8.36.0.45. (Repealed).

2000, c. 39, s. 176; 2001, c. 51, s. 161; 2003, c. 9, s. 251; 2021, c. 18, s. 121.

2006-03-01

1029.8.36.0.45. 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 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 fiscal period, equal to the aggregate of

(a)  the amount obtained by multiplying 40% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the partnership in the fiscal period, but after 9 March 1999 and before 1 January 2002, in respect of the eligible employee by the corporation’s share of the qualified wages;

(b)  the amount obtained by multiplying 30% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the partnership in the fiscal period, but after 31 December 2001 and before 1 January 2005, in respect of the eligible employee by the corporation’s share of the qualified wages; and

(c)  the amount obtained by multiplying 20% of the portion of the qualified wages that may reasonably be considered to be attributable to the wages incurred by the partnership in the fiscal period, but after 31 December 2004 and before 1 January 2014, in respect of the eligible employee by the corporation’s share of the qualified wages.

2000, c. 39, s. 176; 2001, c. 51, s. 161; 2003, c. 9, s. 251.