7. (0.1) Subsections (1) to (2) set out the rules for determining the amount of a qualifying labour expenditure for a taxation year of a qualifying production company in respect of an eligible Ontario production for the purposes of section 43.5 of the Act.  O. Reg. 684/00, s. 1 (1); O. Reg. 312/04, s. 5 (1). (1) The qualifying labour expenditure for a taxation year of a qualifying production company in respect of an eligible Ontario production that commenced principal photography before May 3, 2000 is the amount that is equal to the lesser of the amounts that would be determined in respect of the production under paragraphs (a) and (b) of the definition of “qualified labour expenditure” in subsection 125.4 (1) of the Federal Act, if section 125.4 of the Federal Act applied to the production and if paragraphs (a) and (b) of that definition were read as follows: 1. Each reference to “the corporation” shall be read as a reference to the qualifying production company. 2. Each reference to the labour expenditure of the corporation for a taxation year in respect of the production shall be read as a reference to the qualifying production company’s Ontario labour expenditure for that year in respect of the production. 3. Each reference to the amount of the qualified labour expenditure of the corporation in respect of the production for a preceding taxation year shall be read as a reference to the qualifying production company’s qualifying labour expenditure in respect of the production for that preceding year. 4. The reference in subparagraph (a) (ii) to an amount that is subject to an agreement referred to in paragraph (c) of the definition of “labour expenditure” in subsection 125.4 (1) of the Federal Act shall be read as a reference to only those amounts otherwise included in the total of all the amounts under subparagraph (a) (ii) that are included in the Ontario labour expenditure of the wholly-owned corporation. 5. The amount of assistance referred to in paragraph (b) shall be deemed to be the amount otherwise determined under the definition of “assistance” in subsection 125.4 (1) of the Federal Act, less any amount included that is deemed to be received under subsection 44.1 (5) of the Act if that subsection is read without reference to section 43.4 of the Act.  O. Reg. 322/97, s. 7 (1); O. Reg. 684/00, s. 1 (2). (1.1) The qualifying labour expenditure for a taxation year of a qualifying production company in respect of an eligible Ontario production that commences principal photography after May 2, 2000 and before March 28, 2003 is the amount, if any, by which “A” exceeds “B” where, “A” is the amount that would be determined in respect of the production under paragraph (a) of the definition of “qualified labour expenditure” in subsection 125.4 (1) of the Federal Act, (a) if no prescribed person, as defined in subsection 1106 (7) of the Federal Regulations, held an equitable interest in the production, and (b) if paragraph (a) of that definition were read in accordance with the rules set out in paragraphs 1, 2, 3 and 4 of subsection (1), and “B” is the amount determined under subsection (1.2).  O. Reg. 684/00, s. 1 (3); O. Reg. 312/04, s. 5 (2). (1.2) The amount defined as “B” in subsection (1.1) is the amount calculated using the formula, [C × ( D / E) ] + (F – G) in which, “C” is the amount of any equitable investment in the production that is held by a Canadian government film agency, “D” is the Ontario labour expenditure in respect of the production, “E” is the cost of the production, “F” is the amount of any assistance in respect of the cost of the production otherwise determined under the definition of “assistance” in subsection 125.4 (1) of the Federal Act that, at the time the qualifying production company’s return is required to be delivered under subsection 75 (1) for the taxation year, the qualifying production company or any other person or partnership has received, is entitled to receive or can reason­ably be expected to receive that is either, (a) if the assistance is directly attributable to the Ontario labour expenditure included in the amount “A” referred to in subsection (1.1), the amount of that assistance, or (b) if the assistance is in respect of the production and is not directly attributable to the expenditure described in clause (a), the amount of the assistance multiplied by a fraction in which the numerator is the expenditure described in clause (a) and the denominator is the cost of the production, and “G” is any amount of any assistance described in the definition of “F” that is deemed to be received by the qualifying production company or any other person or partnership under subsection 44.1 (5) of the Act if that subsection is read without reference to section 43.4 of the Act. O. Reg. 684/00, s. 1 (3). (2) The qualifying labour expenditure for a taxation year of a qualifying production company in respect of an eligible Ontario production that commences principal photography after March 27, 2003 is the amount, if any, by which “A” exceeds “H” where, “A” has the same meaning as in subsection (1.1), “F” has the same meaning as in subsection (1.2), “G” has the same meaning as in subsection (1.2), and “H” is the amount, if any, by which “F” exceeds “G”. O. Reg. 312/04, s. 5 (3). (3) Revoked:  O. Reg. 312/04, s. 5 (3). (4) If a television series production that is an eligible Ontario production for the purposes of section 43.5 of the Act contains only some of the episodes in a cycle of a television series, the qualifying labour expenditure for the production shall include only the expenditures that are reasonably related to the production of the episodes specified to be included in the television series production.  O. Reg. 559/99, s. 5 (2).