Mr. Speaker, once again I ask for unanimous consent for the following motion:
That Bill C-43, an act to implement certain provisions of the budget tabled in Parliament on February 23, 2005, be deemed to have been read a second time, referred to committee of the whole, amended at committee of the whole so that:
clause 9 be amended by replacing lines 2 to 8 on page 7 with the following: for a taxation year is (a) if the taxable capital employed in Canada of the corporation for the taxation year is equal to or less than $50,000,000, that the proportion of 4% that the number of days in the taxation year that are before 2008 is of the number of days in the taxation year; and
(b) if paragraph (a) does not apply, the percentage determined by the formula A + B [(C - $50,000,000)/$25,000,000]
Where
A is the proportion of 4%, that the number of days in the taxation year that are before 2008 is of the number of days in the taxation year;
B is that proportion of 4% that the number of days in the taxation year that are after 2007 is of the number of days in the taxation year; and
C is the lesser of $75,000,000 and the taxable capital employed in Canada of the corporation for the taxation year.
(3) for the purpose of subsection (2), the taxable capital employed in Canada of a corporation for a particular taxation year is
(a) if the corporation is associated with one or more corporations in the particular taxation year, the total of all amounts each of which is the taxable capital employed in Canada (within the meaning assigned by subsections 181.2(1) or 181.3(1) or 181.4, as the case may be) of the corporation, or of such an associated corporation, for its last taxation year that ended in the calendar year preceding the calendar year in which the particular taxation year ends; and
(b) if the corporation is not associated with one or more other corporations in the particular taxation year, the taxable capital employed in Canada (within the meaning assigned by subsections 181.2(1) or 181.3(1) or 181.4, as the case may be) of the corporation of the particular taxation year.
That Clause 10 be amended by deleting lines 9 to 36 on page 7 and lines 1 to 7 on page 8; and
Clause 11 be amended by deleting lines 8 to 29 on page 8.
That Bill C-43 be reported back to the House as amended, concurred in at the report stage, read a third time and passed.