hordruma/ontario_laws_and_regs huggingface dataset:
47 (1) There shall be added in computing a specified corporation’s tax under this Division for a taxation year the amount of additional tax determined as follows: 1. If a regulation is in force limiting the amount of additional tax to be added under this subdivision in computing a specified corporation’s tax under this Division for the taxation year, the amount of the additional tax for the year is the sum of the amount determined under subsection 48 (3) in respect of the corporation for the year if the corporation made an election referred to in clause (b) of the definition of “I” in paragraph 1 of subsection 48 (4) and the lesser of, i. the maximum amount of additional tax determined in respect of the corporation under that regulation for the year, and ii. the amount determined under subsection 48 (1) in respect of the corporation for the year. 2. If no regulation described in paragraph 1 is in force in respect of the corporation for the year, the amount of the additional tax for the year is the sum of, i. the amount determined under subsection 48 (3) in respect of the corporation for the year if an election referred to in clause (b) of the definition of “I” in paragraph 1 of subsection 48 (4) is made, and ii. the amount determined under subsection 48 (1) in respect of the corporation for the year.  2007, c. 11, Sched. A, s. 47 (1). Election to pre-pay additional tax (2) A specified corporation may elect in writing in its return for the year to terminate its amortization period in the year and calculate the amount to be included under subsection (1) in computing its tax under this Division for the year on the basis that its amortization period ended in the year if, (a) the corporation’s Ontario allocation factor for the year is at least 90 per cent; or (b) the amount by which “C” in subsection 48 (1) exceeds “D” in that subsection in respect of the corporation for the year is not more than $10,000.  2007, c. 11, Sched. A, s. 47 (2). Tax credit (3) There may be deducted in computing a specified corporation’s tax payable under this Division for every taxation year that includes a part of the corporation’s amortization period the amount determined for the year under subsection 50 (1).  2007, c. 11, Sched. A, s. 47 (3).
103.0.4 (1) An individual who is an eligible individual for a taxation year ending after December 31, 2020 and before January 1, 2023 may claim an amount in respect of and not exceeding the individual’s Ontario jobs training tax credit for that year. 2021, c. 8, Sched. 10, s. 4; 2021, c. 40, Sched. 21, s. 11 (1). Amount of tax credit (2) The amount of an individual’s Ontario jobs training tax credit for a taxation year is the lesser of $2,000 and the amount calculated using the following formula, A × B in which, “A” is 50 per cent, and “B” is the amount that would be deductible under paragraph 118.5 (1) (a) or (d) of the Federal Act in computing the individual’s tax payable under Part I of that Act for the taxation year if, (a)  the Federal Act were read without reference to subsections 118.5 (1.2) and (2), and (b) references in paragraphs 118.5 (1) (a) and (d) of the Federal Act to “the appropriate percentage for the year” were read as references to “100 per cent”. 2021, c. 8, Sched. 10, s. 4; 2021, c. 40, Sched. 21, s. 11 (2). Eligible individuals (3) An individual is an eligible individual for a taxation year if both of the following are satisfied: 1. The individual is resident in Ontario on December 31 of the calendar year in which the taxation year ends. 2. The training amount limit of the individual for the year, as determined for the purposes of section 122.91 of the Federal Act, is greater than zero. 2021, c. 8, Sched. 10, s. 4. Effect of death (4) For the purposes of this section, if an individual dies in a calendar year and is resident in Ontario immediately before their death, the individual is deemed to be resident in Ontario from the time of death to December 31 of that calendar year. 2021, c. 8, Sched. 10, s. 4. Bankruptcy (5) The amount of an individual’s Ontario jobs training tax credit for a taxation year is deemed to be nil if the individual is a bankrupt at any time in the calendar year containing the taxation year. 2021, c. 8, Sched. 10, s. 4; 2021, c. 40, Sched. 21, s. 11 (3). Section Amendments with date in force (d/m/y) 2021, c. 8, Sched. 10, s. 4 - 27/04/2021 2021, c. 40, Sched. 21, s. 11 (1, 2) - 09/12/2021; 2021, c. 40, Sched. 21, s. 11 (3) - 01/01/2021
109 Except for the purpose of determining an individual’s tax base for the purposes of section 6, 7 or 7.1 or a corporation’s Ontario taxable income for the purposes of section 29, any amount that, if this Act were read without reference to this section and section 110, would be determined for the purposes of this Act in respect of a taxpayer or a partnership for a taxation year or fiscal period shall be adjusted in the manner that would be required by Part XVI.1 of the Federal Act if,  (a) Part XVI.1 of the Federal Act were stated to apply for the purposes of this Act; (b) the reference to subsection 245 (1) of the Federal Act in the definition of “tax benefit” in subsection 247 (1) of that Act were read as a reference to subsection 110 (1) of this Act; and (c) the reference to section 245 of the Federal Act in subsection 247 (2) of that Act were read as a reference to section 110 of this Act.  2007, c. 11, Sched. A, s. 109; 2015, c. 20, Sched. 40, s. 18. Section Amendments with date in force (d/m/y) 2015, c. 20, Sched. 40, s. 18 - 01/01/2016 General anti-avoidance rule