Use of the term "paid" in s. 2900(2)(b) was intended to deny deductions for accruals of salaries, wages and bonuses. However, in order to assist District Offices in processing refundable investment tax credit claims, RCT will consider normal year-end accruals which are systematically provided for in a payroll system to have been paid in the year accrued, provided that they are paid shortly after the year-end.
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