← Historical versions

Versions of s. 363(2)(a)(ii)

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. 2003-01-01 to present available View Source

    the amount determined by the formula A + (B/4) where A is the total of all amounts, each of which is determined, for a participating province, by the formula[C × D × (E/F) × G/365]/H where C is the financial institution’s instalment base for the particular reporting period determined under paragraph 237(2)(b) as if the financial institution were not a selected listed financial institution and tax were not imposed under any of subsection 165(2), sections 212.1 and 218.1 and Division IV.1, D is the lesser of the financial institution’s percentage for the participating province for the taxation year and the financial institution’s percentage for the participating province for the immediately preceding taxation year, each determined in accordance with the prescribed rules that apply to that financial institution, E is the tax rate for the participating province, F is 7%, G is the number of days in the particular reporting period after March 1997, and H is the number of fiscal quarters ending on or after April 1, 1997 and in the particular reporting period, and B is the financial institution’s instalment base for the particular reporting period determined under paragraph 237(2)(b) as if the financial institution were not a selected listed financial institution and tax were not imposed under any of subsection 165(2), sections 212.1 and 218.1 and Division IV.1;