Hyperlawhypertext legal database Excise Tax Act

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Versions of s. 256.4(1)(f)

E-15 — Excise Tax Act · 1 version · View current text

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

  1. 2006-07-01 to present available View Source

    if the builder is not entitled to claim an input tax credit or a rebate, other than a rebate under this subsection or under subsection 256.2(4), in respect of the tax referred to in paragraph (c), pay a rebate to the builder equal to the amount determined by the formula(E - F) × [0.01 - ((G/(E - F))/7)] where E is the fair market value of the complex at the time that the builder is deemed to have made the supply referred to in paragraph (c), F is the amount determined for A under paragraph (e), and G is the amount of the rebate, if any, that the builder is entitled to claim under subsection 256.2(4).