Qualifying labour expenditure
 29. (1) For the purposes of section 91 of the Act, a corporation’s qualifying labour expenditure for a taxation year in respect of an eligible Ontario production is the amount, if any, by which “A” exceeds “B” where, “A” is the amount, if any, by which “C” exceeds “D” where, “C” is the sum of, (a) the corporation’s Ontario labour expenditure for the year in respect of the production, and (b) the amount by which the sum of all amounts each of which is the corporation’s Ontario labour expenditure for a previous taxation year in respect of the production exceeds the sum of all amounts each of which is a qualifying labour expenditure of the corporation in respect of the production for a previous taxation year before the end of which the principal filming or taping of the production began, and “D” is, (a) if the corporation is a not a parent, nil, or (b) if the corporation is a parent, the sum of all amounts each of which is determined in respect of the production under paragraph 3 of subsection 30 (1) as a consequence of an agreement referred to in that paragraph between the corporation and the subsidiary corporation it wholly owns, and “B” is the sum of, (a) all relevant assistance in respect of the production, (i) that may reasonably be considered to be directly attributable to the amount of “A” for the year, (ii) that, when it was required to file its return under the Act for the year, the corporation or any other person or partnership had received, was entitled to receive or was reasonably expected to receive, to the extent the assistance had not been repaid pursuant to a legal obligation to do so, and (iii) that has not caused a reduction of the corporation’s Ontario labour expenditure for the year in respect of the production, and (b) the amount calculated using the formula, E × A/F in which, “A” is the amount of “A” for the year under this subsection, “E” is the amount, if any, determined under subsection (3), and “F” is the cost of the production. O. Reg. 37/09, s. 29 (1). (2) The amount of “A” in subsection (1) in respect of a production shall be determined without reference to any equity investment in the production held by a person prescribed under subsection 1106 (10) of the Federal regulations.  O. Reg. 37/09, s. 29 (2). (3) The amount of “E” in clause (b) of the definition of “B” in subsection (1) is the amount, if any, by which “G” exceeds “H” where, “G” is the amount that would be determined under clause (a) of the definition of “B” in subsection (1) if that clause were read without reference to subclause (i) of that clause, and “H” is the amount determined under clause (a) of the definition of “B” in subsection (1).  O. Reg. 37/09, s. 29 (3). (4) In this section, “relevant assistance” means, in respect of an eligible Ontario production, an amount that is assistance for the purposes of section 125.4 of the Federal Act other than, (a) assistance provided, or deemed by the Federal Act to be provided, under subsection 127 (5) or (6) of the Federal Act or section 125.5 of that Act, (b) assistance that is a tax credit under section 90, 91, 94 or 95 of the Act or section 43.5, 43.7, 43.8 or 43.12 of the Corporations Tax Act,  and (c) assistance that is a payment from the 2015 Ontario Production Services and Computer Animation and Special Effects Transitional Fund administered by the Ontario Media Development Corporation. O. Reg. 37/09, s. 29 (4); O. Reg. 77/17, s. 2 (1). (5) For the purposes of the definition of “relevant assistance” in subsection (4), for taxation years that end after December 31, 2008, the definition of “assistance” in subsection 125.4 (1) of the Federal Act shall be read without reference to paragraph (a) of that definition. O. Reg. 77/17, s. 2 (2).