I-3 - Taxation Act

Section 1137.1 Disposition versions

2012-05-09

1137.1. For the purposes of paragraphs b.2 and b.2.1 of section 1137, an amount is deemed to be paid by a corporation at a particular time as a repayment of assistance where that amount

(a)  reduced, because of subparagraph i of paragraph b.2 of section 1137 or subparagraph i of paragraph b.2.1 of that section, the amount deductible by a corporation in computing its paid-up capital for a taxation year;

(b)  was not received by the corporation; and

(c)  ceased at that particular time to be an amount that the corporation may reasonably expect to receive.

1997, c. 14, s. 275; 1999, c. 8, s. 20; 1999, c. 83, s. 259; 2003, c. 29, s. 135; 2006, c. 8, s. 31; 2012, c. 8, s. 246.

2006-06-08

1137.1. For the purposes of paragraphs b.2 and b.2.1 of section 1137,

(a)  a certificate that is revoked by the Minister of Economic Development, Innovation and Export Trade is null from the time the revocation becomes effective;

(b)  an amount is deemed to be paid by a corporation at a particular time as a repayment of assistance where that amount

i.  reduced, because of subparagraph i of paragraph b.2 of section 1137 or subparagraph i of paragraph b.2.1 of that section, the amount deductible by a corporation in computing its paid-up capital for a taxation year,

ii.  was not received by the corporation, and

iii.  ceased at that particular time to be an amount that the corporation may reasonably expect to receive.

1997, c. 14, s. 275; 1999, c. 8, s. 20; 1999, c. 83, s. 259; 2003, c. 29, s. 135; 2006, c. 8, s. 31.

2006-03-01

1137.1. For the purposes of paragraphs b.2 and b.2.1 of section 1137,

(a)  a certificate that is revoked by the Minister of Economic and Regional Development and Research is null from the time the revocation becomes effective;

(b)  an amount is deemed to be paid by a corporation at a particular time as a repayment of assistance where that amount

i.  reduced, because of subparagraph i of paragraph b.2 of section 1137 or subparagraph i of paragraph b.2.1 of that section, the amount deductible by a corporation in computing its paid-up capital for a taxation year,

ii.  was not received by the corporation, and

iii.  ceased at that particular time to be an amount that the corporation may reasonably expect to receive.

1997, c. 14, s. 275; 1999, c. 8, s. 20; 1999, c. 83, s. 259; 2003, c. 29, s. 135; O.C. 222-2004.