Hyperlawhypertext legal database Excise Tax Act

← Historical versions

Versions of s. 256.2(4)

E-15 — Excise Tax Act · 5 versions · View current text

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

  1. 2026-03-12 to present available View Source
    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the total of the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit, and the amount of the rebate, if any, under subsection 254.1(2.1) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.
    Full text

    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the total of the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit, and the amount of the rebate, if any, under subsection 254.1(2.1) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.

  2. 2008-06-18 to 2026-03-12 View Source
    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.
    Full text

    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.

  3. 2008-01-01 to 2008-06-18 View Source
    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $7,560$6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.
    Full text

    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $6,300 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.

  4. 2006-06-22 to 2008-01-01 View Source
    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $8750$7,560 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.
    Full text

    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $7,560 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.

  5. 2003-01-01 to 2006-06-22 View Source

    If[A × ($450,000 - B)/$100,000] - C where A is the lesser of $8750 and the amount determined by the formula A 1 × A 2 where A 1 is 36% of the tax under subsection 165(1) that is deemed to have been paid by the person at the particular time, and A 2 is if the unit is a single unit residential complex or a residential condominium unit, 1, and in any other case, the unit’s percentage of total floor space, B is the greater of $350,000 and if the unit is a single unit residential complex or a residential condominium unit, the fair market value of the unit at the particular time, and in any other case, the amount determined by the formula B 1 × B 2 where B 1 is the unit’s percentage of total floor space, and B 2 is the fair market value at the particular time of the residential complex or addition, as the case may be, and C is the amount of the rebate, if any, under subsection 254.1(2) that the recipient of the exempt supply by way of sale is entitled to claim in respect of the complex or unit.