I-3 - Taxation Act

Section 1029.8.36.130 Disposition versions

2010-04-20

1029.8.36.130. (Repealed).

2001, c. 51, s. 189; 2010, c. 5, s. 158.

2006-03-01

1029.8.36.130. Subject to section 1029.8.36.139, the aggregate of all amounts each of which is an amount that a corporation operating an international financial centre is deemed to have paid to the Minister under section 1029.8.36.129 for a taxation year shall not exceed

(a)  where the corporation is a member of an associated group at the end of the year, the amount attributed to it for the year pursuant to the agreement referred to in section 1029.8.36.137;

(b)  where the corporation is not a member of an associated group at the end of the year but is a member of an associated group in the year, the amount by which $750,000 exceeds the aggregate of all amounts each of which is an amount deemed under section 1029.8.36.129 or 1029.8.36.132 to have been paid to the Minister by another member corporation of the group for a taxation year ending in the year, or by a taxpayer who is a member, at the end of a fiscal period, of a member partnership of the group, for a taxation year in which that fiscal period ends and ending in the year; or

(c)  in any other case, $750,000.

2001, c. 51, s. 189.