I-3 - Taxation Act

Section 1029.8.36.59.23 Disposition versions

2010-10-27

1029.8.36.59.23. (Repealed).

2005, c. 1, s. 244; 2010, c. 25, s. 139.

2006-03-01

1029.8.36.59.23. For the purposes of this division, where it is reasonable to consider that an eligible taxpayer or a qualified partnership, in this section referred to as the “transferee entity”, is carrying on, at a particular time, a business that is the continuation of a business or of part of a business that was being carried on, before that time, by another eligible taxpayer or qualified partnership, in this section referred to as the “transferor entity”, and that, as a result, an eligible employee of the transferor entity becomes an employee of the transferee entity, the following rules apply:

(a)  the employee is deemed to have begun holding employment with the transferee entity in the 12-month period that follows the date on which the employee successfully completed the courses and, as the case may be, the internships leading to the awarding of a recognized diploma, or was awarded a recognized diploma that is a graduate diploma or degree under an educational program requiring the writing of an essay, dissertation or thesis;

(b)  the employment contract between the employee and the transferee entity is deemed to be entered into on the date on which the employment contract between the employee and the transferor entity was entered into; and

(c)  the eligibility period relating to the employee, of the transferor entity, must be included in determining the eligibility period relating to the employee, of the transferee entity.

2005, c. 1, s. 244.