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I-3 - Taxation Act

Section 771.2.7
Disposition versions

Full text
771.2.7. (Repealed).
2003, c. 9, s. 99; 2004, c. 21, s. 204; 2005, c. 38, s. 178; 2009, c. 5, s. 319; 2022, c. 23, s. 65.
771.2.7. For the purposes of sections 771.2.1.2 and 771.8.3, the amount by which the income of a corporation for a taxation year from an eligible business carried on by it exceeds its loss for the year from such a business shall be computed as if
(a)  in the case of section 771.2.1.2, 75% of the amounts determined in accordance with subparagraphs a and b of the second paragraph of section 737.18.33 in respect of the corporation for the year were nil; and
(b)  in the case of section 771.8.3, the amounts determined in accordance with subparagraphs a and b of the second paragraph of section 737.18.33 in respect of the corporation for the year were nil.
2003, c. 9, s. 99; 2004, c. 21, s. 204; 2005, c. 38, s. 178; 2009, c. 5, s. 319.
771.2.7. For the purposes of paragraphs d.2 and h of subsection 1 of section 771 and sections 771.2.1.2 and 771.8.3, the amount by which the income of a corporation for a taxation year from an eligible business carried on by it exceeds its loss for the year from such a business shall be computed as if
(a)  in the case of paragraphs d.2 and h of subsection 1 of section 771 and section 771.2.1.2, 75% of the amounts determined in accordance with subparagraphs a and b of the second paragraph of section 737.18.33 in respect of the corporation for the year were nil; and
(b)  in the case of section 771.8.3, the amounts determined in accordance with subparagraphs a and b of the second paragraph of section 737.18.33 in respect of the corporation for the year were nil.
2003, c. 9, s. 99; 2004, c. 21, s. 204; 2005, c. 38, s. 178.
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