Income Tax Act — I-3.3 127.43
Definitions 127.43 (1) The following definitions apply in this section. assistance means an amount, other than a prescribed amount or an amount deemed under subsection (2) to have been paid, that would be included under paragraph 12(1)(x) in computing an eligible entity’s income for any taxation year if that paragraph were read without reference to subparagraphs 12(1)(x)(v) to (vii). ( montant d’aide ) eligible entity , for a taxation year, means (a) a qualifying corporation for the taxation year; (b) an individual other than a trust; or (c) a partnership. ( entité déterminée ) qualifying corporation , for a particular taxation year, means a particular corporation that meets the following conditions: (a) it is a Canadian-controlled private corporation or would be a Canadian-controlled private corporation absent the application of subsection 136(1); and (b) it is the case that $15,000,000 > A + B where A is the particular corporation’s taxable capital employed in Canada (in this formula, within the meaning assigned by section 181.2 or 181.3) for its immediately preceding taxation year, and B is the total of all amounts, each of which is the taxable capital employed in Canada of a corporation that is associated in the particular taxation year with the particular corporation for the associated corporation’s last taxation year that ended before the beginning of the particular taxation year. ( société admissible ) qualifying expenditure means an outlay or expense prescribed by regulation that is made or incurred by an eligible entity during the qualifying period in the course of the eligible entity’s ordinary commercial activities. ( dépense admissible ) qualifying location , of an eligible entity, means real or immovable property (other than property that is a self-contained domestic establishment, or part of such a self-contained domestic establishment, the land subjacent to the self-contained domestic establishment and such portion of any immediately contiguous land as can reasonably be regarded as contributing to the use and enjoyment of the self-contained domestic establishment as a residence) in Canada used by the eligible entity primarily in the course of its ordinary commercial activities. ( emplacement admissible ) qualifying period means the period that begins on September 1, 2021 and ends on December 31, 2022. ( période d’admissibilité ) total per location expense , for a qualifying location of an eligible entity for a taxation year, means the lesser of (a) the amount determined by the formula A − B where A is the total of all amounts, each of which is a qualifying expenditure of the eligible entity made or incurred in the taxation year in respect of the qualifying location (or, for the first taxation year that ends after 2021, the qualifying expenditures made or incurred in respect of the qualifying location from the start of the qualifying period to the end of that first taxation year), and B is the total of all amounts, each of which is an amount of assistance that (i) the eligible entity has received, is entitled to receive or can reasonably be expected to receive, in respect of amounts described in A, and (ii) has not been repaid before the end of the taxation year pursuant to a legal obligation to do so; and (b) the amount determined by the formula $10,000 − C where C is the total of all amounts, each of which is a qualifying expenditure in respect of the qualifying location and (i) is a qualifying expenditure of the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in a prior taxation year, or (ii) is a qualifying expenditure of another eligible entity that is affiliated during the qualifying period with the eligible entity, in respect of which an amount under subsection (2) or (3) is deemed to have been paid in any taxation year. ( dépense totale par emplacement ) total ventilation expense , of an eligible entity for a taxation year, means the lesser of (a) the