Income Tax Regulations (C.R.C., c. 945)

6702. For the purposes of subparagraph 40(2)(i)(ii) and clause 53(2)(k)(i)(C) of the Act, each of the following is prescribed assistance:

• (a) the assistance received from a province that has been provided in respect of, or for the acquisition of, a share of the capital stock of a venture capital corporation described in section 6700;

• (a.1) the assistance provided under the Employee Investment Act, R.S.B.C. 1996, c. 112, in respect of, or for the acquisition of, a share of the capital stock of a venture capital corporation described in section 6700.1;

• (a.2) the assistance provided under the Community Small Business Investment Funds Act, S.O. 1992, c. 18, the Risk Capital Investment Tax Credits Act, S.N.W.T. 1998, c. 22, or the Risk Capital Investment Tax Credits Act, S.N.W.T. 1998, c. 22, as duplicated for Nunavut, in respect of, or for the acquisition of, a share of the capital stock of a venture capital corporation described in section 6700.2;

• (b) a tax credit provided in respect of, or for the acquisition of, a share of a labour-sponsored venture capital corporation described in section 6701; and

• (c) a tax credit provided by a province in respect of, or for the acquisition of, a share of the capital stock of a taxable Canadian corporation (other than a share of the capital stock of a corporation in respect of which an amount has been renounced by the corporation under subsection 66(12.6), (12.601), (12.62) or (12.64) of the Act) that is held in a stock savings plan described in section 6705.

6703. For the purposes of section 186.1 of the Act, a “prescribed investment contract corporation” means a corporation described in clause 146(1)(j)(ii)(B) of the Act.

6704. For the purposes of section 186.2 of the Act, a corporation is a prescribed qualifying corporation in respect of dividends received by a shareholder on shares of its capital stock if, when the shares were acquired by the shareholder, they constituted

• (a) an investment described in sections 33 and 34 of the Act referred to in subparagraph 6700(a)(i);

• (b) an eligible investment under the provisions of an Act referred to in subparagraph 6700(a)(ii), (iv), (v), (vi) or (viii) or the regulation referred to in subparagraph 6700(a)(iii);

• (c) a qualified investment under the provisions of the Act referred to in subparagraph 6700(a)(vii);

• (d) an investment in an eligible business under the Venture Capital Policy and Directive referred to in paragraph 6700(c); or

• (e) an investment in an eligible entity described in sections 17 and 18 of An Act constituting Capital régional et coopératif Desjardins, R.S.Q., c. C-6.1.