Versions of s. 232.02(4)(d)

E-15 — Excise Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2017-12-14 to present available View Source

for each claim period of the pension entity for which any part of an amount of deemed tax in respect of a particular supply is anincluded ~~eligible~~in the determination of the pension rebate amount of the pension entity and for which an election under any of subsections 261.01(5), (6) or (9) ~~was~~is made jointly by the pension entity and all participating employers of the pension plan that ~~were,~~are, for the calendar year that includes the last day of the claim period, qualifying employers of the pension plan, each of those participating employers shall add, in determining its net tax for its reporting period that includes the day that is the later of the day on which the tax adjustment note is ~~issued,~~issued and the day on which the election is filed with the Minister, the amount determined by the formula A × B × (C/D) × (E/F) where A is the total of all amounts, each of which is the part of an amount of deemed tax in respect of a particular supply that is an eligible amount of the pension entity for the claim period, B is 33%, C is if the pension entity was a selected listed financial institution on the particular day referred to in paragraph (b), the federal component amount of the tax adjustment note, and in any other case, the total tax amount of the tax adjustment note, D is the total of all amounts, each of which is an amount of deemed tax in respect of a particular supply, E is the amount of the deduction determined for the participating employer under subsection 261.01(5), paragraph 261.01(6)(b) or subsection 261.01(9), as the case may be, for the claim period, and F is if the pension entity was a selected listed financial institution on the particular day referred to in paragraph (b), the total of the pension rebate amount of the pension entity for the claim period and the provincial pension rebate amount of the pension entity for the claim period, and in any other case, the pension rebate amount of the pension entity for the claim period.

Full text

for each claim period of the pension entity for which any part of an amount of deemed tax in respect of a particular supply is included in the determination of the pension rebate amount of the pension entity and for which an election under any of subsections 261.01(5), (6) or (9) is made jointly by the pension entity and all participating employers of the pension plan that are, for the calendar year that includes the last day of the claim period, qualifying employers of the pension plan, each of those participating employers shall add, in determining its net tax for its reporting period that includes the day that is the later of the day on which the tax adjustment note is issued and the day on which the election is filed with the Minister, the amount determined by the formula A × B × (C/D) × (E/F) where A is the total of all amounts, each of which is the part of an amount of deemed tax in respect of a particular supply that is an eligible amount of the pension entity for the claim period, B is 33%, C is if the pension entity was a selected listed financial institution on the particular day referred to in paragraph (b), the federal component amount of the tax adjustment note, and in any other case, the total tax amount of the tax adjustment note, D is the total of all amounts, each of which is an amount of deemed tax in respect of a particular supply, E is the amount of the deduction determined for the participating employer under subsection 261.01(5), paragraph 261.01(6)(b) or subsection 261.01(9), as the case may be, for the claim period, and F is the pension rebate amount of the pension entity for the claim period.
2010-07-12 to 2017-12-14 View Source

for each claim period of the pension entity for which any part of an amount of deemed tax in respect of a particular supply is an eligible amount of the pension entity and for which an election under any of subsections 261.01(5), (6) or (9) was made jointly by the pension entity and all participating employers of the pension plan that were, for the calendar year that includes the last day of the claim period, qualifying employers of the pension plan, each of those participating employers shall add, in determining its net tax for its reporting period that includes the day on which the tax adjustment note is issued, the amount determined by the formula A × B × (C/D) × (E/F) where A is the total of all amounts, each of which is the part of an amount of deemed tax in respect of a particular supply that is an eligible amount of the pension entity for the claim period, B is 33%, C is if the pension entity was a selected listed financial institution on the particular day referred to in paragraph (b), the federal component amount of the tax adjustment note, and in any other case, the total tax amount of the tax adjustment note, D is the total of all amounts, each of which is an amount of deemed tax in respect of a particular supply, E is the amount of the deduction determined for the participating employer under subsection 261.01(5), paragraph 261.01(6)(b) or subsection 261.01(9), as the case may be, for the claim period, and F is if the pension entity was a selected listed financial institution on the particular day referred to in paragraph (b), the total of the pension rebate amount of the pension entity for the claim period and the provincial pension rebate amount of the pension entity for the claim period, and in any other case, the pension rebate amount of the pension entity for the claim period.