I-3 - Taxation Act

Section 225 Disposition versions

2017-02-08

225. The aggregate of the amounts that may be deducted by a taxpayer under sections 222 to 224, in computing his income for a taxation year, shall be reduced by the aggregate of the following amounts:

(a)  the amount prescribed;

(b)  the aggregate of all amounts each of which is the amount of any government assistance or non-government assistance, within the meaning assigned to those expressions by the first paragraph of section 1029.6.0.0.1, in respect of an expenditure described in section 222 or 223, as each of those sections read in relation to the expenditure, that, on or before the taxpayer’s filing-due date for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive;

(b.1)  where, in respect of a scientific research and experimental development project referred to in section 222 or 223, as each of those sections read in relation to the project, or in respect of the carrying out of the project, a person has obtained, is entitled to obtain or can reasonably be expected to obtain a benefit or an advantage, whether in the form of a reimbursement, compensation or guarantee or in the form of proceeds of disposition of a property which exceed the fair market value of the property or in any other form or manner, and it may reasonably be considered that the benefit or advantage directly or indirectly results in a compensation or indemnity or, otherwise, in any manner whatsoever, in a benefit for a party to the project, the amount of the benefit or advantage that the person has obtained, is entitled to obtain or can reasonably be expected to obtain on or before the taxpayer’s filing-due date for the year;

(c)  the aggregate of all amounts each of which is an amount deducted under sections 222 to 224 in computing the taxpayer’s income for a preceding taxation year, except amounts described in section 229;

(c.1)  the aggregate of all amounts each of which is the lesser of the amount deducted under section 346.2 in computing the taxpayer’s income for a preceding taxation year and the amount by which the amount that was deductible under sections 222 to 225 in computing the taxpayer’s income for that preceding year exceeds the amount deducted under those sections in computing the taxpayer’s income for that preceding year;

(d)  where the taxpayer is subject to a loss restriction event before the end of the year, the amount determined for the year under section 225.1 with respect to the taxpayer.

1975, c. 22, s. 34; 1979, c. 18, s. 13; 1982, c. 5, s. 52; 1984, c. 15, s. 52; 1989, c. 5, s. 52; 1990, c. 7, s. 12; 1996, c. 39, s. 60; 1997, c. 3, s. 71; 1997, c. 31, s. 30; 2004, c. 21, s. 68; 2015, c. 21, s. 138; 2017, c. 1, s. 103.

2015-10-21

225. The aggregate of the amounts that may be deducted by a taxpayer under sections 222 to 224, in computing his income for a taxation year, shall be reduced by the aggregate of the following amounts:

(a)  the amount prescribed;

(b)  the aggregate of all amounts each of which is the amount of any government assistance or non-government assistance, within the meaning assigned to those expressions by the first paragraph of section 1029.6.0.0.1, in respect of an expenditure described in section 222 or 223, as each of those sections read in relation to the expenditure, that, on or before the taxpayer’s filing-due date for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive;

(b.1)  where, in respect of a scientific research and experimental development project referred to in section 222 or 223, as each of those sections read in relation to the project, or in respect of the carrying out of the project, a person has obtained, is entitled to obtain or can reasonably be expected to obtain a benefit or an advantage, whether in the form of a reimbursement, compensation or guarantee or in the form of proceeds of disposition of a property which exceed the fair market value of the property or in any other form or manner, and it may reasonably be considered that the benefit or advantage directly or indirectly results in a compensation or indemnity or, otherwise, in any manner whatsoever, in a benefit for a party to the project, the amount of the benefit or advantage that the person has obtained, is entitled to obtain or can reasonably be expected to obtain on or before the taxpayer’s filing-due date for the year;

(c)  the aggregate of all amounts each of which is an amount deducted under sections 222 to 224 in computing the taxpayer’s income for a preceding taxation year, except amounts described in section 229;

(c.1)  the aggregate of all amounts each of which is the lesser of the amount deducted under section 346.2 in computing the taxpayer’s income for a preceding taxation year and the amount by which the amount that was deductible under sections 222 to 225 in computing the taxpayer’s income for that preceding year exceeds the amount deducted under those sections in computing the taxpayer’s income for that preceding year;

(d)  where the taxpayer is a corporation control of which has been acquired by a person or group of persons before the end of the year, the amount determined for the year under section 225.1 with respect to the corporation.

1975, c. 22, s. 34; 1979, c. 18, s. 13; 1982, c. 5, s. 52; 1984, c. 15, s. 52; 1989, c. 5, s. 52; 1990, c. 7, s. 12; 1996, c. 39, s. 60; 1997, c. 3, s. 71; 1997, c. 31, s. 30; 2004, c. 21, s. 68; 2015, c. 21, s. 138.

2006-03-01

225. The aggregate of the amounts that may be deducted by a taxpayer under sections 222 to 224, in computing his income for a taxation year, shall be reduced by the aggregate of the following amounts:

(a)  the amount prescribed;

(b)  the aggregate of all amounts each of which is the amount of any government assistance or non-government assistance, within the meaning assigned by the first paragraph of section 1029.6.0.0.1, in respect of an expenditure described in section 222 or 223 that, on or before the taxpayer’s filing-due date for the year, the taxpayer has received, is entitled to receive or can reasonably be expected to receive;

(b.1)  where, in respect of a scientific research and experimental development project referred to in section 222 or 223 or in respect of the carrying out of that project, a person has obtained, is entitled to obtain or can reasonably be expected to obtain a benefit or an advantage, whether in the form of a reimbursement, compensation, guarantee or the proceeds of the disposition of property exceeding the fair market value of the property or in any other form or manner, and it may reasonably be considered that the benefit or advantage directly or indirectly results in a compensation or indemnity or, otherwise, in any manner whatsoever, in a benefit for a party to the project, the amount of the benefit or advantage which the person has obtained, is entitled to obtain or can reasonably be expected to obtain on or before the taxpayer’s filing-due date for the year;

(c)  the aggregate of all amounts each of which is an amount deducted under sections 222 to 224 in computing the taxpayer’s income for a preceding taxation year, except amounts described in section 229;

(c.1)  the aggregate of all amounts each of which is the lesser of the amount deducted under section 346.2 in computing the taxpayer’s income for a preceding taxation year and the amount by which the amount that was deductible under sections 222 to 225 in computing the taxpayer’s income for that preceding year exceeds the amount deducted under those sections in computing the taxpayer’s income for that preceding year;

(d)  where the taxpayer is a corporation control of which has been acquired by a person or group of persons before the end of the year, the amount determined for the year under section 225.1 with respect to the corporation.

1975, c. 22, s. 34; 1979, c. 18, s. 13; 1982, c. 5, s. 52; 1984, c. 15, s. 52; 1989, c. 5, s. 52; 1990, c. 7, s. 12; 1996, c. 39, s. 60; 1997, c. 3, s. 71; 1997, c. 31, s. 30; 2004, c. 21, s. 68.