Hyperlawhypertext legal database Excise Tax Indexing Ratio Regulations current to 2019-06-21

SOR-83-681 Excise Tax Indexing Ratio Regulations

Current to 2019-06-21 · last amended 2006-03-22

Contents
Provision

His Excellency the Governor General in Council, on the recommendation of the Minister of Finance and the Minister of National Revenue, pursuant to clause 24(2)(b)(i)(B)* of the Excise Tax Act and clause 3(b)(i)(B)** of Schedule II to the said Act, is pleased hereby to make the annexed Regulations respecting the ratio used in the indexing of excise taxes on wines, cigarettes and manufactured tobacco. S.C. 1980-81-82-83, c. 68, s. 7 S.C. 1980-81-82-83, c. 68, s. 27

Short Title

s. 1

These Regulations may be cited as the Excise Tax Indexing Ratio Regulations.

Alteration of Ratio

s. 2

For the purpose of adjusting the excise taxes imposed by subsection 24(1) of the Excise Tax Act, the ratio determined according to clause 24(2)(b)(i)(B) of that Act is altered by multiplying the ratio

s. 2(a)

by 1.35559 for the adjustment on the first day of September, 1983; and

s. 2(b)

by 1.99924 for the adjustment on the first day of September, 1984.

s. 3

For the purpose of adjusting the excise tax rates enumerated in section 1 of Schedule II to the Excise Tax Act, the ratio determined according to clause 3(b)(i)(B) of that schedule is altered by multiplying the ratio

s. 3(a)

by 1.37078 for the adjustment on the first day of September, 1983; and

s. 3(b)

by 1.88464 for the adjustment on the first day of September, 1984.