Adjusted net income
 9. (1) The following amounts are prescribed for the purposes of subsection 57 (1) of the Act as amounts required to be included in calculating a corporation’s adjusted net income for the purposes of Division C of Part III of the Act for a taxation year: 1. The corporation’s accounting loss difference for the year. 2. The corporation’s net capital gain difference for the year. 3. The corporation’s net specified income for the year.  O. Reg. 37/09, s. 9 (1). (2) The following amounts are prescribed for the purposes of subsection 57 (1) of the Act as amounts required to be included in calculating the total amount to be deducted in determining a corporation’s adjusted net income for the purposes of Division C of Part III of the Act for a taxation year: 1. The corporation’s accounting gain difference for the year. 2. The corporation’s net capital loss difference for the year. 3. The corporation’s net specified loss for the year. 4. The corporation’s reorganization gain for the year, but only if the corporation, i. has a permanent establishment in Ontario during the year, ii. satisfies clause 55 (1) (a), (b) or (c) of the Act for the year, and iii. is not exempt from tax under Division C of Part III of the Act for the year by reason of subsection 55 (3) of the Act.  O. Reg. 37/09, s. 9 (2). (3) A corporation’s accounting gain difference for a taxation year, if any, is the amount by which “A” exceeds “B” and its accounting loss difference for the year, if any, is the amount by which “B” exceeds “A” where, “A” is the sum of, (a) the corporation’s net income, if any, for the year for the purposes of Division C of Part III of the Act, and (b) the amount, if any, that would be the corporation’s net loss for the year for the purposes of Division C of Part III of the Act if the mark-to-market changes in each specified mark-to-market property held by the corporation in the year were not taken into account, and “B” is the sum of, (a) the amount, if any, that would be the corporation’s net income for the year for the purposes of Division C of Part III of the Act if the mark-to-market changes in each specified mark-to-market property held by the corporation in the year were not taken into account, and (b) the corporation’s net loss, if any, for the year for the purposes of Division C of Part III of the Act.  O. Reg. 37/09, s. 9 (3). (4) A corporation’s net capital gain difference for a taxation year, if any, is the amount by which “C” exceeds “D” and its net capital loss difference for the year, if any, is the amount by which “D” exceeds “C” where, “C” is the sum of all amounts each of which is the corporation’s capital gain, if any, for the year as determined for the purposes of Subdivision c of Division B of Part I of the Federal Act from the disposition by the corporation of a specified mark-to-market property in the year or in a previous taxation year that, (a) ended after March 22, 2007, or (b) began after June 30, 2004 and ended before March 23, 2007 and an election was made under subsection 1 (3) of Ontario Regulation 509/07 (Corporate Minimum Tax), made under the Corporations Tax Act, to have section 1 of that regulation apply to that taxation year, and “D” is the sum of all amounts each of which is the corporation’s capital loss or business investment loss, if any, for the year from the disposition of a specified mark-to-market property, as determined for the purposes of Subdivision c of Division B of Part I of the Federal Act.  O. Reg. 37/09, s. 9 (4). (5) A corporation’s net specified income for a taxation year, if any, is the amount by which “E” exceeds “F” and its net specified loss for the year, if any, is the amount by which “F” exceeds “E” where, “E” is the sum of, (a) the corporation’s income for the year, if any, as determined for the purposes of subdivision a of Division B of Part III of the Act, and (b) the amount, if any, that would be the corporation’s total loss for the year from business and property for the purposes of subdivision a of Division B of Part III of the Act if any increase or decrease in the amount of the loss attributable to the disposition of a specified mark-to-market property that was not a capital property were not included, and “F” is the sum of, (a) the amount, if any, that would be the corporation’s income for the year for the purposes of subdivision a of Division B of Part III of the Act if any increase or decrease in the amount of the income attributable to the disposition of a specified mark-to-market property that was a not a capital property were not included, and (b) the amount, if any, of the corporation’s total loss for the year from business and property for the purposes of subdivision a of Division B of Part III of the Act.  O. Reg. 37/09, s. 9 (5). (6) A corporation’s reorganization gain, if any, for a taxation year in respect of an exempt event is the amount, if any, by which “G” exceeds “H” where, “G” is the sum of, (a) the corporation’s net income, if any, for the year for the purposes of Division C of Part III of the Act, and (b) the amount, if any, that would be the corporation’s net loss for the year for the purposes of Division C of Part III of the Act if any decrease in the amount of the net loss for the year from the exempt event were not taken into account, and “H” is the sum of, (a) the amount, if any, that would be the corporation’s net income for the year for the purposes of Division C of Part III of the Act if any increase in the amount of the net income for the year from the exempt event were not taken into account, and (b) the corporation’s net loss, if any, for the year for the purposes of Division C of Part III of the Act.  O. Reg. 37/09, s. 9 (6). (7) For the purposes of determining the adjusted net income or adjusted net loss of a corporation for a taxation year in which the corporation is a partner in a partnership, (a) the partnership shall not, in determining the partnership’s adjusted net income or adjusted net loss for a fiscal period ending in the taxation year of the corporation, deduct an amount in respect of a reorganization gain of the partnership for a fiscal period in respect of an exempt event unless the corporation satisfies subparagraphs 4 i, ii and iii of subsection (2) for the taxation year; and (b) the partnership is not required to satisfy the conditions described in subparagraphs 4 i, ii and iii of subsection (2).  O. Reg. 37/09, s. 9 (7). Part IV   Capital Tax — Financial Institutions Division A — Prescribed Financial Institutions