Versions of s. 256.2(3.2)

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.

2026-03-26 to present available View Source

If subsection (3.1) applies, the amount of the rebate under subsection (3) is equal to the amount determined as if the first formula in subsection (3) and the descriptions for that formula were read as follows: A × B where A is the total tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase, and B is ~~if the unit is a residential condominium unit, 1, and in any other case,~~ the unit’s percentage of total floor space.

Full text

If subsection (3.1) applies, the amount of the rebate under subsection (3) is equal to the amount determined as if the first formula in subsection (3) and the descriptions for that formula were read as follows: A × B where A is the total tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase, and B is the unit’s percentage of total floor space.
2023-12-15 to 2026-03-26 View Source

If subsection (3.1) applies, the amount of the rebate under subsection (3) is equal to the amount determined as if the first formula in subsection (3) and the descriptions for that formula were read as follows: A × B where A is the total tax under subsection 165(1) that is payable in respect of the purchase from the supplier or is deemed to have been paid in respect of the deemed purchase, and B is if the unit is a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space.