ONTARIO REGULATION 265/00

made under the

Corporations Tax Act

Made: May 3, 2000
Filed: May 5, 2000

Amending O. Reg. 329/97

(Co–operative Education Tax Credit)

1. (1) Paragraph 1 of the definition of “qualifying leading edge technology education program” in subsection 1 (1) of Ontario Regulation 329/97 is amended by striking out “Education and Training” and substituting “Training, Colleges and Universities”.

(2) Paragraph 3 of the definition of “qualifying leading edge technology education program” in subsection 1 (1) of the Regulation is amended by striking out “under the Trades Qualification and Apprenticeship Act” and substituting “under the Apprenticeship and Certification Act, 1998 or the Trades Qualification and Apprenticeship Act”.

(3) Paragraph 4 of the definition of “qualifying leading edge technology education program” in subsection 1 (1) of the Regulation is amended by striking out “Education and Training” wherever it appears and substituting in each case “Training, Colleges and Universities”.

2. Subsection 2 (3) of the Regulation is amended by striking out “Education and Training” and substituting “Training, Colleges and Universities”.

3. (1) Paragraph 2 of subsection 3 (1.2) of the Regulation is amended by striking out “a registered training program under the Trades Qualification and Apprenticeship Act” and substituting “a program approved by the Director of Apprenticeship under the Apprenticeship and Certification Act, 1998 or the Trades Qualification and Apprenticeship Act”.

(2) Subsection 3 (2.1) of the Regulation is revoked and the following substituted:

(2.1) Despite subsection (2), if the term of a qualifying leading edge technology work placement plus all previous qualifying leading edge technology work placements of the student that are with the same corporation, or that are deemed under subsection (4) to be with the same corporation, exceed the number of months specified by subsection (2.1.1), only the portion, if any, of the work placement that brings the total time to that number of months, even if less than 10 consecutive weeks, will be considered to be a qualifying leading edge technology work placement for the purposes of the Act.

(2.1.1) The number of months referred to in subsection (2.1) is,

(a) 24 months, if,

(i) the qualifying leading edge technology work placement is under an apprentice training program, and

(ii) the work placement and all previous qualifying leading edge technology work placements that the student had or is deemed under subsection (4) to have had with the same corporation commenced after May 4, 1999; or

(b) 16 months, in any other case.

(3) Subsection 3 (2.2) of the Regulation is amended by striking out “under the Trades Qualification and Apprenticeship Act” in the fourth and fifth lines and substituting “under the Apprenticeship and Certification Act, 1998 or the Trades Qualification and Apprenticeship Act”.

4. (1) Subsections 1 (1) and (3) and section 2 come into force on the day this Regulation is filed.

(2) Subsections 1 (2), 3 (1) and (3) shall be deemed to have come into force on January 1, 2000.

(3) Subsection 3 (2) shall be deemed to have come into force on May 5, 1999.