jswizzle3737/ontario_laws_and_regs huggingface dataset:
Tax incentive
 1. The tax incentive to which a corporation is entitled under subsection 37.1 (2) of the Act for a taxation year in respect of the interest received or receivable by the corporation on an Ontario Jobs and Opportunity Bond is, (a) a deduction in computing income from a business or property for the year, in the amount determined under section 2, if the taxation year ends before January 1, 2009; or (b) the payment of a refund determined under section 2.1 if the taxation year ends after December 31, 2008.  O. Reg. 456/08, s. 1.
Deduction for taxation years ending before January 1, 2009
 2. (1) Subject to subsections (2) and (3), the amount of the deduction referred to in clause 1 (a) that a corporation is entitled to claim in computing its income from a business or property for the purposes of Part II of the Act for a taxation year ending before January 1, 2009 is the amount by which “A” exceeds “B” where, “A” is the total of all amounts, each of which is interest in respect of an Ontario Jobs and Opportunity Bond that is included in computing the corporation’s income for the taxation year under section 12 or subsection 20 (14) of the Income Tax Act
(Canada), and “B” is the total of all amounts, each of which is a deduction that is claimed by the corporation for the taxation year under subsection 20 (14) of the Income Tax Act
(Canada) in respect of interest on an Ontario Jobs and Opportunity Bond that was included in income in the year.  O. Reg. 155/03, s. 2 (1); O. Reg. 456/08, s. 2 (1). (2) If a corporation is a member of a partnership and the partnership owns an interest in an Ontario Jobs and Opportunity Bond in a fiscal period of the partnership that ends in a taxation year of the corporation ending before January 1, 2009, the amount of the corporation’s deduction under this section for that taxation year in respect of the interest earned by the partnership on the bond for that fiscal period cannot exceed the amount that may reasonably be considered to be the share of the interest earned to which the corporation is entitled under the partnership agreement.  O. Reg. 456/08, s. 2 (2). (3) No deduction may be claimed by a corporation for a taxation year ending before January 1, 2009 under subsection 20 (21) of the Income Tax Act
(Canada), as that subsection is made applicable for the purposes of the Act by subsection 11 (1) of the Act, in respect of interest on an Ontario Jobs and Opportunity Bond if the interest was included in income in the taxation year or in a preceding taxation year.  O. Reg. 155/03, s. 2 (3); O. Reg. 456/08, s. 2 (3).
Information return, brokers and dealers of securities
 3. (1) Every broker or dealer of securities shall give the Minister an information return respecting each corporation that maintains an account with the broker or dealer at any time in the year and owns an Ontario Jobs and Opportunity Bond at any time in the year through the account of the broker or dealer.  O. Reg. 155/03, s. 3 (1). (2) The information return must be filed with the Minister in a form approved by the Minister.  O. Reg. 155/03, s. 3 (2). (3) The information return must contain the following information: 1. The name and address of the corporation. 2. The amount of interest on any Bond owned by the corporation at any time in the year that is required to be reported in a return under subsection 201 (1) or (4) of the regulations made under the Income Tax Act (Canada). 3. If the corporation indicates to the broker or dealer that the corporation holds the Bond through a partnership, the following information in respect of the partnership: i. The name and address of the partnership. ii. The business number of the partnership issued by the Canada Revenue Agency, if available.  O. Reg. 155/03, s. 3 (3). (4) The information return in respect of a year must be filed no later than the last day of February of the following year.  O. Reg. 155/03, s. 3 (4). (5) The broker or dealer of securities shall also give the information contained in the information return to a corporation or partnership, to the extent that the information in the return relates to the corporation or partnership.  O. Reg. 155/03, s. 3 (5).
Information return, the Authority
 4. (1) The Ontario Municipal Economic Infrastructure Financing Authority shall, either directly or through an agent, give the Minister an information return respecting each corporation that owns an Ontario Jobs and Opportunity Bond at any time in a year, if the ownership is reflected in the records of the Authority or its agent, unless the corporation purchased the Bond from a broker or dealer of securities.  O. Reg. 155/03, s. 4 (1). (2) The information return must be filed with the Minister in a form approved by the Minister.  O. Reg. 155/03, s. 4 (2). (3) The information return must contain the following information: 1. The name and address of the corporation. 2. The amount of interest on any Bond owned by the corporation at any time in the year that is required to be reported in a return under subsection 201 (1) or (4) of the regulations made under the Income Tax Act (Canada). 3. If the corporation indicates to the Authority that the corporation holds the Bond through a partnership, the following information in respect of the partnership: i. The name and address of the partnership. ii. The business number of the partnership issued by the Canada Revenue Agency, if available.  O. Reg. 155/03, s. 4 (3). (4) The information return in respect of a year must be filed no later than the last day of February of the following year.  O. Reg. 155/03, s. 4 (4). (5) The Ontario Municipal Economic Infrastructure Financing Authority shall also give the information contained in the information return to a corporation or partnership, to the extent that the information in the return relates to the corporation or partnership.  O. Reg. 155/03, s. 4 (5).
Late returns
 5. The Minister may accept an information return that is not filed on time, (a) if the information return is filed no later than two years after the last date by which it is required to be filed under this Regulation; and (b) if the Minister is satisfied that the person or entity was unable to file the information return at an earlier time for reasons beyond the control of the person or entity.  O. Reg. 155/03, s. 5.
Late returns
 6. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 155/03, s. 6.