Modifications Applicable to Payments under Sections 89 and 90 of the Act
 14. (1) A corporation shall include the following amounts in computing its income from a business or property for a taxation year: 1. The aggregate of all amounts paid or payable during the year by a nuclear waste management or decommissioning fund, i. to the corporation in respect of its interest in the fund, or ii. to another person for the benefit of the corporation in respect of the corporation’s interest in the fund. 2. If the corporation disposes of all or part of its interest in a nuclear waste management or decommissioning fund during the year, the aggregate of all amounts received by the corporation in the year as the consideration for the disposition.  However, this does not include consideration that is the assumption of an obligation to decommission a nuclear facility or an obligation to manage the nuclear waste and used fuel of a nuclear facility.  O. Reg. 207/99, s. 14 (1); O. Reg. 673/05, s. 2 (1). (2) A corporation may deduct the following amounts in computing its income from a business or property for a taxation year: 1. Such amount as the corporation may claim, not exceeding the total contributions by the corporation to one or more nuclear waste management or decommissioning funds in the taxation year or a previous taxation year. 2. The amount of the consideration payable by the corporation in the year to acquire all or part of the corporation’s interest in a nuclear waste management or decommissioning fund.  However, this does not include consideration that is the assumption of an obligation to decommission a nuclear facility or an obligation to manage the nuclear waste and used fuel of a nuclear facility. 3. Subject to subsection (3), the aggregate amount of the expenses incurred by the corporation in the year to decommission a nuclear facility or manage the nuclear waste and used fuel of a nuclear facility. 4. Any amount that, but for this paragraph, is included in the corporation’s income from property for the year from property held in a nuclear waste management or decommissioning fund.  O. Reg. 207/99, s. 14 (2); O. Reg. 673/05, s. 2 (2-4). (2.1) For the purposes of paragraph 1 of subsection (2), the transfer by the corporation of an amount from one nuclear waste management or decommissioning fund to another nuclear waste management or decommissioning fund shall not be included in the calculation of the amount of total contributions to the fund to which the amount is transferred.  O. Reg. 673/05, s. 2 (5). (2.2) In calculating the amount of a deduction under subsection (2) for a taxation year, the corporation shall not include any amount that was deducted under that subsection in determining its income from a business or property for a previous taxation year.  O. Reg. 673/05, s. 2 (5). (3) Despite paragraph 3 of subsection (2), the corporation cannot deduct the amount by which “A” exceeds “B” where, “A” is the sum of, (a) the aggregate amount deducted by the corporation under that paragraph for any previous taxation year, and (b) the amount described by that paragraph for the current taxation year; and “B” is the aggregate amount included in the corporation’s income under paragraph 1 of subsection (1) for the current taxation year and any previous taxation year.  O.  Reg. 207/99, s. 14 (3).