44.1 (1) Despite any other provision of this Act, a corporation that is exempt from tax under this Act for a taxation year by virtue of section 57 shall not deduct or claim an amount in respect of a specified tax credit under this Act for the taxation year.  1996, c. 24, s. 27; 2004, c. 16, s. 2 (2). Same (2) A corporation shall be considered not to be entitled to deduct an amount from tax payable under this Part for a taxation year in respect of a specified tax credit, for the purposes of determining an amount referred to in sub-subclause 43.1 (2) (a) (ii) (A), subclause 43.1 (2) (b) (ii) or 43.1 (3) (b) (ii) or clause 43.1 (3.2) (b), 57.3 (2) (b) or 74.1 (1) (b).  1996, c. 24, s. 27; 1996, c. 29, s. 51 (1); 2004, c. 16, s. 2 (2); 2007, c. 7, Sched. 6, s. 5. Same (3) A deduction allowed to a corporation under subsection 43.1 (2) for a taxation year shall not exceed the amount of tax payable by the corporation for the year under this Part after deduction of all specified tax credits deductible for the year.  1996, c. 24, s. 27; 1997, c. 43, Sched. A, s. 24 (1); 2004, c. 16, s. 2 (2). No deduction for taxation years after 2008 (3.1) No corporation shall deduct or claim an amount in respect of a specified tax credit under this Act for a taxation year ending after December 31, 2008.  2007, c. 11, Sched. B, s. 2 (8). Specified tax credit (4) The following tax credits are specified tax credits for the purposes of this section: 1.  Repealed:  1996, c. 29, s. 51 (2). 2. An Ontario innovation tax credit under section 43.3. 3. A co-operative education tax credit under section 43.4. 4. An Ontario film and television tax credit under section 43.5. 5. A graduate transitions tax credit under section 43.6. 6. An Ontario book publishing tax credit under section 43.7. 7. An Ontario computer animation and special effects tax credit under section 43.8. 8. An Ontario business-research institute tax credit under section 43.9. 9. An Ontario production services tax credit under section 43.10. 10. An Ontario interactive digital media tax credit under section 43.11. 11. An Ontario sound recording tax credit under section 43.12. 12. An apprenticeship training tax credit under section 43.13.  1996, c. 24, s. 27; 1996, c. 29, s. 51 (2); 1997, c. 43, Sched. A, s. 24 (2); 1998, c. 5, s. 18 (1); 1998, c. 34, s. 44 (1, 2); 2004, c. 16, s. 2 (2); 2004, c. 31, Sched. 9, s. 23 (1). When assistance received (5) For the purposes of this Act, other than sections 43.3 to 43.13, the following amounts are assistance deemed to be received by a corporation from a government immediately before the end of a taxation year: 1. All amounts that the corporation deducts under sections 43.3 to 43.13 in determining the amount of its tax payable under this Act for the taxation year. 2. All amounts that the corporation is deemed under those sections to have paid on account of its tax payable under this Act for the taxation year.  1998, c. 34, s. 44 (3, 4); 2004, c. 16, s. 2 (2); 2004, c. 31, Sched. 9, s. 23 (2, 3). Section Amendments with date in force (d/m/y) 1996, c. 24, s. 27 - 08/05/1996; 1996, c. 29, s. 51 (1, 2) - 08/05/1996; 1997, c. 43, Sched. A, s. 24 (1) - 08/05/1996; 1997, c. 43, Sched. A, s. 24 (2, 3) - 07/05/1997; 1998, c. 5, s. 18 (1, 2) - 01/11/1997; 1998, c. 34, s. 44 (1-3) - 01/07/1998; 1998, c. 34, s. 44 (4) - 01/01/1999 2004, c. 16, s. 2 (2)
- 01/01/2004; 2004, c. 31, Sched. 9, s. 23 (1-3) - 16/12/2004 2007, c. 7, Sched. 6, s. 5 - 17/05/2007; 2007, c. 11, Sched. B, s. 2 (8) - 04/06/2007