I-3 - Taxation Act

Section 1029.8.36.25 Disposition versions

2006-12-06

1029.8.36.25. For the purposes of sections 1029.8.36.23 to 1029.8.36.23.2, an amount is deemed to be an amount paid, at a particular time, as a repayment of assistance by a qualified corporation or a qualified partnership, pursuant to a legal obligation, if that amount

(a)  reduced, because of section 1029.8.36.18.1, the wages incurred by the qualified corporation and referred to in section 1029.8.36.7 or the share of a qualified corporation of the wages incurred by the qualified partnership and referred to in section 1029.8.36.7.1;

(b)  was not received by the qualified corporation or the qualified partnership; and

(c)  ceased at that time to be an amount that the qualified corporation or the qualified partnership could reasonably expect to receive.

1995, c. 1, s. 157; 1995, c. 63, s. 190; 1997, c. 3, s. 71; 2006, c. 13, s. 147; 2006, c. 36, s. 150.

2006-06-13

1029.8.36.25. For the purposes of sections 1029.8.36.23 to 1029.8.36.23.2, an amount is deemed to be an amount paid as a repayment of assistance by a qualified corporation in a taxation year, by a qualified partnership in a fiscal period, or by a qualified corporation that is a member of a qualified partnership in a taxation year in which the fiscal period of the partnership ends, or as a repayment of a benefit or advantage by a person or partnership in a taxation year or fiscal period, as the case may be, if that amount

(a)  was applied, because of section 1029.8.36.18.1 or 1029.8.36.18.3, in reduction of the wages incurred by the qualified corporation and referred to in section 1029.8.36.7 or of the share of the qualified corporation that is a member of the qualified partnership of the wages incurred by the qualified partnership and referred to in section 1029.8.36.7.1;

(b)  was not received by the qualified corporation, the qualified partnership, the qualified corporation that is a member of the qualified partnership, the person or the partnership; and

(c)  ceased, in the taxation year, the fiscal period or the taxation year in which the fiscal period of the partnership ends, to be an amount that the qualified corporation, the qualified partnership, the qualified corporation that is a member of the qualified partnership, the person or the partnership, as the case may be, can reasonably expect to receive.

1995, c. 1, s. 157; 1995, c. 63, s. 190; 1997, c. 3, s. 71; 2006, c. 13, s. 147.

2006-03-01

1029.8.36.25. For the purposes of section 1029.8.36.23, an amount of assistance is deemed to be repaid by a qualified corporation in a taxation year where that amount

(a)  reduced the amount of an expenditure incurred as wages for the purpose of computing qualified wages in respect of which the corporation is deemed to have paid an amount to the Minister under section 1029.8.36.7,

(b)  was not received by the qualified corporation, and

(c)  ceased in the taxation year to be an amount that the qualified corporation can reasonably expect to receive.

1995, c. 1, s. 157; 1995, c. 63, s. 190; 1997, c. 3, s. 71.