Versions of s. 256.72(1)(f)
-
if the particular person is entitled to claim a rebate under subsection 254.1(2) in respect of the complex, pay a rebate to the particular person, in addition to the rebate payable under subsection 256.5(1), equal to the amount determined by the formula A × [0.01 - ((B/A)/7)] where A is the amount determined by the formula C × (100/D) where C is the total of all amounts, each of which is the consideration payable by the particular person to the builder for the supply by way of sale to the particular person of the building or part of the building referred to in subparagraph (a)(ii) or of any other structure that forms part of the complex or the addition, other than consideration that can reasonably be regarded as rent for the supplies of the land attributable to the complex or as consideration for the supply of an option to purchase that land, and D is if the complex is situated in a participating province, 115, and in any other case, 107, and B is the amount of the rebate under subsection 254.1 that the particular person is entitled to claim in respect of the complex, and