Versions of s. 261.01(1), definition “tax recovery rate”, para (b)

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

the amount (expressed as a percentage) determined by the formula(A + B) / C where A is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an input tax credit of the person, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a reporting period of the person included in the fiscal year, and in any other case, an input tax credit of the person for a reporting period of the person included in the fiscal year, B is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, a rebate to which the person is entitled under section 259, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a claim period of the person included in the fiscal year, and in any other case, a rebate to which the person is entitled under section 259 for a claim period of the person included in the fiscal year, and C is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 that became payable, or was paid without having become payable, by the person during the fiscal year, and in any other case, an amount of tax that became payable, or was paid without having become payable, by the person during the fiscal year. (taux de recouvrement de taxe)

Full text

the amount (expressed as a percentage) determined by the formula(A + B) / C where A is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an input tax credit of the person, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a reporting period of the person included in the fiscal year, and in any other case, an input tax credit of the person for a reporting period of the person included in the fiscal year, B is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, a rebate to which the person is entitled under section 259, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a claim period of the person included in the fiscal year, and in any other case, a rebate to which the person is entitled under section 259 for a claim period of the person included in the fiscal year, and C is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 that became payable, or was paid without having become payable, by the person during the fiscal year, and in any other case, an amount of tax that became payable, or was paid without having become payable, by the person during the fiscal year. (taux de recouvrement de taxe)
2010-07-12 to 2017-12-14 View Source

the amount (expressed as a percentage) determined by the formula(A + B) / C where A is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an input tax credit of the person, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a reporting period of the person included in the fiscal year, and in any other case, an input tax credit of the person for a reporting period of the person included in the fiscal year, B is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, a rebate to which the person is entitled under section 259, in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01, for a claim period of the person included in the fiscal year, and in any other case, a rebate to which the person is entitled under section 259 for a claim period of the person included in the fiscal year, and C is the total of all amounts, each of which is if the person is a selected listed financial institution at any time in the fiscal year, an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 that became payable, or was paid without having become payable, by the person during the fiscal year, and in any other case, an amount of tax that became payable, or was paid without having become payable, by the person during the fiscal year.