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Versions of s. 118.81(a)

I-3.3 — Income Tax Act · 7 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

  1. 2017-01-01 to present available View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.07, 118.3, 118.61 and 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.07, 118.3, 118.61 and 118.7), and

  2. 2014-06-19 to 2017-01-01 View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.06,118.07, 118.3, 118.61 and 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.07, 118.3, 118.61 and 118.7), and

  3. 2011-12-15 to 2014-06-19 View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.05,118.06, 118.3, 118.61 and 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.06, 118.3, 118.61 and 118.7), and

  4. 2009-12-15 to 2011-12-15 View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118,118 118.01,to 118.02, 118.03,118.05, 118.3, 118.61 and 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118 to 118.05, 118.3, 118.61 and 118.7), and

  5. 2007-02-21 to 2009-12-15 View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118, 118.01, 118.02, 118.03, 118.3, 118.61 and 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118, 118.01, 118.02, 118.03, 118.3, 118.61 and 118.7), and

  6. 2006-06-22 to 2007-02-21 View Source
    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and$800,and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under sectionany of sections 118, 118.01, 118.3, 118.61 orand 118.7), and
    Full text

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and the amount determined by the formula C × D where C is the appropriate percentage for the taxation year, and D is $5,000. B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under any of sections 118, 118.01, 118.3, 118.61 and 118.7), and

  7. 2004-08-31 to 2006-06-22 View Source

    the amount determined by the formula A - B where A is the lesser of the total of all amounts that may be deducted under section 118.5 or 118.6 in computing the person’s tax payable under this Part for the year, and$800, and B is the amount that would be the person’s tax payable under this Part for the year if no amount were deductible under this Division (other than an amount deductible under section 118, 118.3, 118.61 or 118.7), and