Versions of s. 261.01(6)(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

each of those qualifying employers may deduct in determining its net tax for the reporting period that includes the day on which the election is filed with the Minister an amount determined by the formula(A + B) × C where A is the shared portion in respect of the qualifying employer as determined under paragraph (a), B is the amount determined by the formula D × E × F where D is the provincial pension rebate amount of the pension entity for the claim period, E is the percentage specified for the qualifying employer in the election, and F is the amount determined for C in the formula in paragraph (a), and C is the tax recovery rate of the qualifying employer for the fiscal year of the qualifying employer that ended on or before the last day of the claim period.

Full text

each of those qualifying employers may deduct in determining its net tax for the reporting period that includes the day on which the election is filed with the Minister an amount determined by the formula(A + B) × C where A is the shared portion in respect of the qualifying employer as determined under paragraph (a), B is the amount determined by the formula D × E × F where D is the provincial pension rebate amount of the pension entity for the claim period, E is the percentage specified for the qualifying employer in the election, and F is the amount determined for C in the formula in paragraph (a), and C is the tax recovery rate of the qualifying employer for the fiscal year of the qualifying employer that ended on or before the last day of the claim period.
2010-07-12 to 2017-12-14 View Source

each of those qualifying employers may deduct in determining its net tax for the reporting period that includes the day on which the election is filed with the Minister an amount determined by the formula(A + B) × C where A is the shared portion in respect of the qualifying employer as determined under paragraph (a), B is the amount determined by the formula D × E × F where D is the provincial pension rebate amount of the pension entity for the claim period, E is the percentage specified for the qualifying employer in the election, and F is the amount determined for C in the formula in paragraph (a), and C is the tax recovery rate of the qualifying employer for the fiscal year of the qualifying employer that ended on or before the last day of the claim period.