I-3 - Taxation Act

Section 1029.8.36.119 Disposition versions

2010-04-20

1029.8.36.119. (Repealed).

1999, c. 86, s. 85; 2009, c. 15, s. 299; 2010, c. 5, s. 158.

2009-06-04

1029.8.36.119. Where a taxpayer referred to in section 1029.8.36.117 has received, is entitled to receive or may reasonably expect to receive, on or before the day that is six months after the end of the fiscal period referred to in that section, government assistance or non-government assistance in respect of wages included in computing the qualified wages attributed to that fiscal period and paid to an individual by the partnership, the qualified wages shall, for the purpose of computing the amount deemed to have been paid to the Minister by the taxpayer under that section 1029.8.36.117 for the taxation year referred to therein in relation to such qualified wages, be determined as if

(a)  the assistance had been received by the partnership during the fiscal period; and

(b)  the amount of the assistance were equal to the product obtained by multiplying the amount of assistance otherwise determined by the reciprocal of the agreed proportion in respect of the taxpayer for that fiscal period of the partnership.

1999, c. 86, s. 85; 2009, c. 15, s. 299.

2006-03-01

1029.8.36.119. Where a taxpayer referred to in section 1029.8.36.117 has received, is entitled to receive or may reasonably expect to receive, on or before the day that is six months after the end of the fiscal period referred to in that section, government assistance or non-government assistance in respect of wages included in computing the qualified wages attributed to that fiscal period and paid to an individual by the partnership, the qualified wages shall, for the purpose of computing the amount deemed to have been paid to the Minister by the taxpayer under that section 1029.8.36.117 for the taxation year referred to therein in relation to such qualified wages, be determined as if

(a)  the assistance had been received by the partnership during the fiscal period; and

(b)  the amount of the assistance were equal to the product obtained by multiplying the amount of assistance otherwise determined by the proportion that the partnership’s income or loss for the fiscal period is of the taxpayer’s share of that income or loss, on the assumption that, if the income and loss of the partnership for that fiscal period are nil, the partnership’s income for the fiscal period is equal to $1,000,000.

1999, c. 86, s. 85.