Net income loss

180   The deductions, tax credits and premiums prescribed for the purposes of the definition of "net income loss" in section 95 of the Act are

(a) the deductions and tax credits under the Income Tax Act and the Income Tax Act (Canada) and the premiums under the Employment Insurance Act (Canada) that apply, in the period in respect of which the net income loss is to be calculated, to the person in respect of whom the calculation of net income loss is being made, or

(b) for a person referred to in paragraph (b) of the definition of "net income loss", any deductions, tax credits and premiums that apply to the person in respect of whom the calculation of net income loss is being made

(i) in the jurisdiction in which the person is liable to pay tax on income, and

(ii) in the period in respect of which the net income loss is to be calculated.

[en. B.C. Reg. 166/2006, Sch. s. 88.]