jswizzle3737/ontario_laws_and_regs huggingface dataset:
Reorganization gain
 0.2 For the purposes of this Regulation, the reorganization gain of a corporation for a taxation year in respect of an eligible event or an exempt event, as the case may be, of the corporation means the amount, if any, by which “A” exceeds “B” where, “A” is the sum of, (a) the corporation’s net income, if any, for the year for the purposes of Part II.1 of the Act, and (b) the amount, if any, that would be the corporation’s net loss for the year for the purposes of Part II.1 of the Act if any decrease in the amount of the net loss for the year from the eligible event or exempt event, as the case may be, 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 Part II.1 of the Act if any increase in the amount of the net income for the year from the eligible event or exempt event, as the case may be, were not taken into account, and (b) the corporation’s net loss, if any, for the year for the purposes of Part II.1 of the Act.  O. Reg. 38/09, s. 1. Part II   Prescribed amounts for The purposes of subsection 57.4 (1) of the Act
PART II PRESCRIBED AMOUNTS FOR THE PURPOSES OF SUBSECTION 57.4 (1) OF THE ACT
nan
Adjusted net income, reorganization gain
 2. (1) Each reorganization gain of a corporation for a taxation year in respect of an exempt event is prescribed for the purposes of subsection 57.4 (1) of the Act as an amount required to be included in calculating the total amount to be deducted in determining the corporation’s adjusted net income for the purposes of Part II.1 of the Act for the taxation year, but only if the corporation, (a) has a permanent establishment in Ontario during the year; (b) satisfies clause 57.2 (1) (a), (b) or (c) of the Act for the year; and (c) is not exempt from tax under Part II.1 of the Act for the year by reason of section 57.11 of the Act.  O. Reg. 38/09, s. 4. (2) 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 clauses (1) (a), (b) and (c) for the taxation year; and (b) the partnership is not required to satisfy the conditions described in clauses (1) (a), (b) and (c).  O. Reg. 38/09, s. 4. Part III   prior period amounts
PART III PRIOR PERIOD AMOUNTS
nan
Definitions
 3. In this Part, “carrying value” means, in respect of property at a particular time, the value at which the owner of the property carries the property in the owner’s books and records for accounting purposes, as determined at that time in accordance with generally accepted accounting principles; “Ontario Act” means the Corporations Tax Act.  O. Reg. 38/09, s. 5.