← Historical versions

Versions of s. 363(2)(b)

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 financial institution’s percentage for the participating province for the immediately preceding taxation year, 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;