O. Reg. 308/07: Co-operative Education Tax Credit

 

ontario regulation 308/07

made under the

income tax act

Made: June 27, 2007
Filed: July 4, 2007
Published on e-Laws: July 4, 2007
Printed in The Ontario Gazette: July 21, 2007

Amending O. Reg. 330/97

(Co-operative Education Tax Credit)

1. Subsection 2 (1) of Ontario Regulation 330/97 is revoked and the following substituted:

(1) The following institutions are eligible educational institutions for the purposes of this Regulation:

1. A university or college of applied arts and technology in Ontario, whose enrolment is counted for the purposes of calculating annual operating grants entitlements from the Government of Ontario.

2. The Michener Institute of Applied Health Sciences.

3. The Ontario College of Art and Design. 

4. Redeemer University College.

2. Section 5 of the Regulation is amended by adding the following subsection:

(3.2) Despite subsection (1), an amount paid or payable before June 1, 2007 to a student of Redeemer University College or to an employment agency as consideration for the provision of services carried out by a student of Redeemer University College in a qualifying work placement is not an eligible expenditure for the purposes of section 8.2 of the Act.

3. This Regulation is deemed to have come into force on June 1, 2007.