Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Income Tax Regulations

Version of section 8901.2 from 2020-06-30 to 2020-07-26:

  •  (1) For the purposes of paragraph (d) of the definition current reference period in subsection 125.7(1) of the Act, in respect of the qualifying period prescribed in subsection (3), the prescribed period is June 2020.

  • (2) For the purposes of paragraph (c) of the definition prior reference period in subsection 125.7(1) of the Act, in respect of the qualifying period prescribed in subsection (3),

    • (a) if the eligible entity has met the condition described in subparagraph (b)(i) of that definition or has made an election under subparagraph (b)(ii) of that definition, January and February 2020 is the prescribed period; and

    • (b) in any other case, June 2019 is the prescribed period.

  • (3) For the purposes of paragraph (d) of the definition qualifying period in subsection 125.7(1) of the Act, the prescribed period is the period that begins on June 7, 2020 and ends on July 4, 2020.

  • (4) For the purposes of paragraph (c) of the definition specified percentage in subsection 125.7(1) of the Act, in respect of the qualifying period prescribed in subsection (3), the prescribed percentage is 70%.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/2020-160, s. 1

Date modified: