112 (1) The Lieutenant Governor in Council may make regulations, (a) defining any word or expression used in this Act that is not expressly defined in this Act; (b) providing for the issuance of certificates as to the amount of tax, interest, penalties or other amounts owing by a corporation under this Act and prescribing the fee payable for the issuance of such certificates; (c) prescribing anything that by this Act may be or is required to be prescribed, anything that may be or is required to be determined or regulated by the regulations or any matter referred to in this Act as prescribed by the regulations; (d) prescribing amendments to the provisions of Part II that relate to the computation of income and taxable income and to the provisions of Parts VII and VIII, such amendments to remain effective only if enacted by the Legislature at the first regular session after such amendments have been prescribed; (d.1) prescribing rules for the purposes of subsection 11.2 (14); (d.2)  Repealed:  2004, c. 31, Sched. 9, s. 42 (1). (e) respecting any matter necessary or advisable to carry out effectively the intent and purpose of this Act; (f) prescribing rates of interest for the purposes of Part V or a formula for computing those rates and the method of calculating that interest; (g) prescribing the conditions or criteria to be met to relieve a corporation from the obligation to pay all or part of the processing fee under subsection 75 (17) and prescribing the reduced amount, or a method of determining it, that the corporation may be required to pay, and, in prescribing the reduced amount, different amounts or methods may be prescribed for different classes of corporations; (g.1) prescribing rules for determining in which production year an eligible Ontario production is considered to commence for the purposes of section 43.5; (g.2) prescribing rules for the purposes of section 43.5 in respect of labour expenditures incurred in respect of first-time productions and eligible Ontario productions that are not first-time productions; (g.3)  Repealed:  2005, c. 31, Sched. 5, s. 15. (h) prescribing the method for determining the total assets or gross revenue of a corporation in a qualifying small business corporation’s corporate group under subsection 66.1 (11); (i) defining “disposition” for the purposes of section 66.1; (j) prescribing the rules and when they apply for determining the amount of a tax credit under this Act, and the taxation year in which it is deducted, in respect of an amount of government assistance that was deducted in determining the amount of the tax credit for a prior taxation year and that is repaid in a subsequent taxation year; (k) prescribing the rules for the calculation of some or all of the refundable tax credits, how the tax credits are claimed and who claims the tax credits in the event that a corporation becomes insolvent or bankrupt; (l) prescribing, for corporations whose business includes generating electricity within the meaning of the Electricity Act, 1998, rules authorizing and governing the deduction from income, for the purpose of calculations under this Act, of amounts related to, (i) the capital cost of all or part of a nuclear generation facility, (ii) the decommissioning of all or part of a nuclear generation facility, or (iii) the management of nuclear waste or used fuel from a nuclear generation facility.  R.S.O. 1990, c. C.40, s. 112 (1); 1994, c. 14, s. 52; 1996, c. 18, s. 23; 1996, c. 24, s. 31; 1997, c. 43, Sched. A, s. 51; 1998, c. 15, Sched. E, s. 5 (1); 2001, c. 23, s. 63; 2002, c. 23, s. 2 (3); 2004, c. 16, s. 2 (2); 2004, c. 31, Sched. 9, s. 42; 2005, c. 31, Sched. 5, s. 15. Idem (2) A regulation is, if it so provides, effective with reference to a period before it was filed.  R.S.O. 1990, c. C.40, s. 112 (2); 2004, c. 16, s. 2 (2). Rules for electricity corporations (3) In the event of a conflict, the rules made under clause (1) (l) prevail over the provisions of this Act.  1998, c. 15, Sched. E, s. 5 (2); 2004, c. 16, s. 2 (2). Determination for purposes of capital cost allowance (4) A regulation that provides for the determination of all or a part of the amount of a deduction under clause 11 (10) (a) for a taxation year may authorize the Minister of Energy or his or her delegate to determine if property belongs to a class of property in respect of which part or all of the deduction may be claimed.  2002, c. 23, s. 2 (4); 2004, c. 16, s. 2 (2). Section Amendments with date in force (d/m/y) 1994, c. 14, s. 52 (1, 2) - 23/06/1994; 1996, c. 18, s. 23 - 08/05/1996; 1996, c. 24, s. 31 - 08/05/1996; 1997, c. 43, Sched. A, s. 51 - 07/05/1997; 1998, c. 15, Sched. E, s. 5 (1, 2) - 01/04/1999 2001, c. 23, s. 63
- 05/12/2001 2002, c. 23, s. 2 (3, 4)
- 09/12/2002 2004, c. 16, s. 2 (2)
- 01/01/2004; 2004, c. 31, Sched. 9, s. 42 (1, 2) - 16/12/2004 2005, c. 31, Sched. 5, s. 15 - 15/12/2005