36 (1) In computing a corporation’s taxable income for a taxation year, there may be deducted the aggregate of amounts (the aggregate of which amounts is hereafter in this subsection referred to as “the amount contributed”) that are contributions for the purposes of the Election Finances Act and that are contributed in the taxation year, and in any previous taxation year ending after the 12th day of February, 1975 to the extent that such contributions have not already been deducted, by the corporation to registered candidates, to registered constituency associations or to registered parties, provided that, (a) subject to subsection (3), such deduction shall not exceed the least of, (i) the amount contributed, (ii) its taxable income computed without reference to this section, and (iii) $15,000, multiplied by the indexation factor determined under section 40.1 of the Election Finances Act and rounded to the nearest dollar; (b) payment of each amount that is included in the amount contributed is proven by filing with the Minister receipts that are signed by a recorded agent of the registered candidate, registered constituency association or registered party, as the case may be, and that contain the information prescribed to be shown on such receipts.  R.S.O. 1990, c. C.40, s. 36 (1); 1998, c. 9, s. 80 (1); 2004, c. 16, s. 2 (2). Application (1.1) Subclause (1) (a) (iii), as re-enacted by the Statutes of Ontario, 1998, chapter 9, section 80, applies to contributions made after December 31, 1998, and each change to the amount determined under that subclause applies to contributions made on or after the date the change takes effect.  1998, c. 34, s. 38; 2004, c. 16, s. 2 (2). Definitions (2) In this section, “recorded agent” means a person on record with the Chief Electoral Officer as being authorized to accept contributions on behalf of a political party, constituency association or candidate registered under the Election Finances Act; (“agent désigné”) “registered candidate”, with respect to an election of a member or members to serve in the Assembly, means a person who has been registered as a candidate for such election by the Chief Electoral Officer and whose name has not been deleted from the register of candidates maintained by the Chief Electoral Officer with respect to such election; (“candidat inscrit”) “registered constituency association” means a registered constituency association within the meaning given to that expression by the Election Finances Act; (“association de circonscription inscrite”) “registered party” means a registered party within the meaning given to that expression by the Election Finances Act. (“parti inscrit”)  R.S.O. 1990, c. C.40, s. 36 (2); 1998, c. 9, s. 80 (2); 2004, c. 16, s. 2 (2); 2007, c. 15, s. 40 (1). Corporations to which s. 39 is applicable (3) In respect of a corporation to which section 39 is applicable, the amount deductible under clause (1) (a) is the aggregate of, (a) the amount which would otherwise be deducted under clause (1) (a); (b) that proportion of the amount determined under clause (a) that, (i) the taxable income of the corporation that is earned in jurisdictions other than Ontario (as computed for the purposes of section 39 and without reference to this section), is to, (ii) the amount by which the taxable income of the corporation exceeds the amount referred to in subclause (i).  R.S.O. 1990, c. C.40, s. 36 (3); 2004, c. 16, s. 2 (2). Section Amendments with date in force (d/m/y) 1998, c. 9, s. 80 (1, 2) - 01/01/1999; 1998, c. 34, s. 38 - 01/01/1999 2004, c. 16, s. 2 (2)
- 01/01/2004 2007, c. 15, s. 40 (1, 2) - 04/06/2007 Division D — Taxable Income Earned in Canada by Non-Residents