Regulation - LGIC
Ontario Regulation made under the Taxation Act, 2007 concerning the Ontario Production Services Tax Credit (OPSTC).
Regulation Number(s):
204/12
Instrument Type:
Regulation - LGIC
Bill or Act:
Taxation Act, 2007
Summary of Decision:
The regulation amends the definition of "relevant assistance" for the purposes of the OPSTC to exclude funding provided by the Canada Media Fund under its Licence Fee Program. These amounts will no longer reduce qualifying production expenditures for the purpose of the OPSTC.
Further Information:
Ontario Regulation 204/12
Proposal Number:
12-MOF017
Posting Date:
Summary of Proposal:
The regulation amends the definition of "relevant assistance" for the purposes of the OPSTC to exclude funding provided by the Canada Media Fund under its Licence Fee Program. These amounts will no longer reduce qualifying production expenditures for the purpose of the OPSTC.
Contact Address:
2nd Floor, Frost Building N., 95 Grosvenor Street
Queen's Park, Toronto, ON
M7A 1Z1
Queen's Park, Toronto, ON
M7A 1Z1
Effective Date:
July 1, 2009
Decision:
Approved