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Versions of s. 122.61(1)

I-3.3 — Income Tax Act · 6 versions · View current text

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

  1. 2018-07-01 to present available View Source
    If a person and, if the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula(A + C + M)/12 where A is the amount determined by the formula E –− Q – R where E is the total of the product obtained by multiplying $6,400 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month who have not reached the age of six years at the beginning of the month, and the product obtained by multiplying $5,400 by the number of qualified dependants, other than those qualified dependants referred to in paragraph (a), in respect of whom the person was an eligible individual at the beginning of the month, and Q is if the person’s adjusted income for the year is less than or equal to $30,000, nil, if the person’s adjusted income for the year is greater than $30,000 but less than or equal to $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, 7% of the person’s adjusted income for the year in excess of $30,000, only two qualified dependants, 13.5% of the person’s adjusted income for the year in excess of $30,000, only three qualified dependants, 19% of the person’s adjusted income for the year in excess of $30,000, or more than three qualified dependants, 23% of the person’s adjusted income for the year in excess of $30,000, and if the person’s adjusted income for the year is greater than $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, the total of $2,450 and 3.2% of the person’s adjusted income for the year in excess of $65,000, only two qualified dependants, the total of $4,725 and 5.7% of the person’s adjusted income for the year in excess of $65,000, only three qualified dependants, the total of $6,650 and 8% of the person’s adjusted income for the year in excess of $65,000, or more than three qualified dependants, the total of $8,050 and 9.5% of the person’s adjusted income for the year in excess of $65,000, and R is the amount determined for C; C is the amount determined by the formula F – (G × H) where F is, if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $2,308, and two or more qualified dependants, the total of$2,308 for the first qualified dependant,$2,042 for the second qualified dependant, and$1,943 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J – [K – (L/0.122)] where J is the person’s adjusted income for the year, K is $45,282, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N – O where N is the product obtained by multiplying $2,730 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, and O is if the person’s adjusted income for the year is less than or equal to $65,000, nil, and if the person’s adjusted income for the year is greater than $65,000, where the person is an eligible individual in respect of only one qualified dependant described in N, 3.2% of the person’s adjusted income for the year in excess of $65,000, and where the person is an eligible individual in respect of two or more qualified dependants described in N, 5.7% of the person’s adjusted income for the year in excess of $65,000.
    Full text

    If a person and, if the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula(A + M)/12 where A is the amount determined by the formula E − Q where E is the total of the product obtained by multiplying $6,400 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month who have not reached the age of six years at the beginning of the month, and the product obtained by multiplying $5,400 by the number of qualified dependants, other than those qualified dependants referred to in paragraph (a), in respect of whom the person was an eligible individual at the beginning of the month, and Q is if the person’s adjusted income for the year is less than or equal to $30,000, nil, if the person’s adjusted income for the year is greater than $30,000 but less than or equal to $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, 7% of the person’s adjusted income for the year in excess of $30,000, only two qualified dependants, 13.5% of the person’s adjusted income for the year in excess of $30,000, only three qualified dependants, 19% of the person’s adjusted income for the year in excess of $30,000, or more than three qualified dependants, 23% of the person’s adjusted income for the year in excess of $30,000, and if the person’s adjusted income for the year is greater than $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, the total of $2,450 and 3.2% of the person’s adjusted income for the year in excess of $65,000, only two qualified dependants, the total of $4,725 and 5.7% of the person’s adjusted income for the year in excess of $65,000, only three qualified dependants, the total of $6,650 and 8% of the person’s adjusted income for the year in excess of $65,000, or more than three qualified dependants, the total of $8,050 and 9.5% of the person’s adjusted income for the year in excess of $65,000, M is the amount determined by the formula N – O where N is the product obtained by multiplying $2,730 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, and O is if the person’s adjusted income for the year is less than or equal to $65,000, nil, and if the person’s adjusted income for the year is greater than $65,000, where the person is an eligible individual in respect of only one qualified dependant described in N, 3.2% of the person’s adjusted income for the year in excess of $65,000, and where the person is an eligible individual in respect of two or more qualified dependants described in N, 5.7% of the person’s adjusted income for the year in excess of $65,000.

  2. 2016-07-01 to 2018-07-01 View Source
    WhereIf a person and, whereif the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B)formula(A + C + M]M)/12 where A is the amount determined by the formula E – Q – R where E is the total of the product obtained by multiplying $1,090$6,400 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month who have not reached the age of six years at the beginning of the month, and the product obtained by multiplying $75$5,400 by the number of qualified dependants, other than those qualified dependants referred to in excessparagraph of 2,(a), in respect of whom the person was an eligible individual at the beginning of the month;[Repealed,month, 2006, c. 4, s. 177] BQ is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceedsis less than or equal to $30,000, nil, if the greater of $32,000 and the dollar amount, asperson’s adjusted annually and referred to in paragraph 117(2)(a), that is usedincome for the calendar year following the base taxation year; C is thegreater amountthan determined$30,000 bybut theless formulathan For -equal (Gto ×$65,000, H)and where F is, whereif the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463,7% of the person’s adjusted income for the year in excess of $30,000, only two qualified dependants, 13.5% of the person’s adjusted income for the year in excess of $30,000, only three qualified dependants, 19% of the person’s adjusted income for the year in excess of $30,000, or more than three qualified dependants, 23% of the person’s adjusted income for the year in excess of $30,000, and if the person’s adjusted income for the year is greater than $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, the total of $2,450 and 3.2% of the person’s adjusted income for the year in excess of $65,000, only two qualified dependants, the total of $4,725 and 5.7% of the person’s adjusted income for the year in excess of $65,000, only three qualified dependants, the total of $6,650 and 8% of the person’s adjusted income for the year in excess of $65,000, or more than three qualified dependants, the total of $8,050 and 9.5% of the person’s adjusted income for the year in excess of $65,000, and R is the amount determined for C; C is the amount determined by the formula F – (G × H) where F is, if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $2,308, and two or more qualified dependants, the total of$1,463of$2,308 for the first qualified dependant,$1,254dependant,$2,042 for the second qualified dependant, and$1,176and$1,943 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J -– [K -– (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B,$45,282, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N -– (O × P)O where N is the product obtained by multiplying $2,300$2,730 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, and O is the amount determined byif the formulaperson’s Jadjusted -income [F/H + (K - L/0.122)] wherefor the descriptionsyear ofis J,less F,than H,or K,equal to $65,000, nil, and L are described inif the descriptionperson’s ofadjusted C,income andfor Pthe year is 4%greater (orthan $65,000, where the person is an eligible individual in respect of only one qualified dependant includeddescribed in theN, description of N at the beginning3.2% of the month,person’s 2%)adjusted income for the year in excess of $65,000, and where the person is an eligible individual in respect of two or more qualified dependants described in N, 5.7% of the amountperson’s determinedadjusted income for the descriptionyear in excess of O,$65,000.
    Full text

    If a person and, if the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula(A + C + M)/12 where A is the amount determined by the formula E – Q – R where E is the total of the product obtained by multiplying $6,400 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month who have not reached the age of six years at the beginning of the month, and the product obtained by multiplying $5,400 by the number of qualified dependants, other than those qualified dependants referred to in paragraph (a), in respect of whom the person was an eligible individual at the beginning of the month, Q is if the person’s adjusted income for the year is less than or equal to $30,000, nil, if the person’s adjusted income for the year is greater than $30,000 but less than or equal to $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, 7% of the person’s adjusted income for the year in excess of $30,000, only two qualified dependants, 13.5% of the person’s adjusted income for the year in excess of $30,000, only three qualified dependants, 19% of the person’s adjusted income for the year in excess of $30,000, or more than three qualified dependants, 23% of the person’s adjusted income for the year in excess of $30,000, and if the person’s adjusted income for the year is greater than $65,000, and if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, the total of $2,450 and 3.2% of the person’s adjusted income for the year in excess of $65,000, only two qualified dependants, the total of $4,725 and 5.7% of the person’s adjusted income for the year in excess of $65,000, only three qualified dependants, the total of $6,650 and 8% of the person’s adjusted income for the year in excess of $65,000, or more than three qualified dependants, the total of $8,050 and 9.5% of the person’s adjusted income for the year in excess of $65,000, and R is the amount determined for C; C is the amount determined by the formula F – (G × H) where F is, if the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $2,308, and two or more qualified dependants, the total of$2,308 for the first qualified dependant,$2,042 for the second qualified dependant, and$1,943 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J – [K – (L/0.122)] where J is the person’s adjusted income for the year, K is $45,282, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N – O where N is the product obtained by multiplying $2,730 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, and O is if the person’s adjusted income for the year is less than or equal to $65,000, nil, and if the person’s adjusted income for the year is greater than $65,000, where the person is an eligible individual in respect of only one qualified dependant described in N, 3.2% of the person’s adjusted income for the year in excess of $65,000, and where the person is an eligible individual in respect of two or more qualified dependants described in N, 5.7% of the person’s adjusted income for the year in excess of $65,000.

  3. 2007-07-01 to 2016-07-01 View Source
    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, and the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month,month;[Repealed, and2006, thec. amount4, determineds. by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner;177] B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $2,300 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is 4% (or where the person is an eligible individual in respect of only one qualified dependant included in the description of N at the beginning of the month, 2%) of the amount determined for the description of O,
    Full text

    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, and the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month;[Repealed, 2006, c. 4, s. 177] B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $2,300 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is 4% (or where the person is an eligible individual in respect of only one qualified dependant included in the description of N at the beginning of the month, 2%) of the amount determined for the description of O,

  4. 2006-06-22 to 2007-07-01 View Source
    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month, and the amount determined by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner; B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $2,000$2,300 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is the4% amount(or that would be determined for the description of H ifwhere the person wereis an eligible individual in respect of only the number ofone qualified dependantsdependant included in the description of N.N at the beginning of the month, 2%) of the amount determined for the description of O,
    Full text

    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month, and the amount determined by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner; B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $2,300 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is 4% (or where the person is an eligible individual in respect of only one qualified dependant included in the description of N at the beginning of the month, 2%) of the amount determined for the description of O,

  5. 2005-06-29 to 2006-06-22 View Source
    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month, and the amount determined by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner; B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $1,600$2,000 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is the amount that would be determined for the description of H if the person were an eligible individual in respect of only the number of qualified dependants included in the description of N.
    Full text

    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month, and the amount determined by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner; B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $2,000 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is the amount that would be determined for the description of H if the person were an eligible individual in respect of only the number of qualified dependants included in the description of N.

  6. 2004-08-31 to 2005-06-29 View Source

    Where a person and, where the Minister so demands, the person’s cohabiting spouse or common-law partner at the end of a taxation year have filed a return of income for the year, an overpayment on account of the person’s liability under this Part for the year is deemed to have arisen during a month in relation to which the year is the base taxation year, equal to the amount determined by the formula 1/12[(A - B) + C + M] where A is the total of the product obtained by multiplying $1,090 by the number of qualified dependants in respect of whom the person was an eligible individual at the beginning of the month, the product obtained by multiplying $75 by the number of qualified dependants, in excess of 2, in respect of whom the person was an eligible individual at the beginning of the month, and the amount determined by the formula D - E where D is the product obtained by multiplying $213 by the number of qualified dependants who have not attained the age of 7 years before the month and in respect of whom the person is an eligible individual at the beginning of the month, and E is 25% of the total of all amounts deducted under section 63 in respect of qualified dependants in computing the income for the year of the person or the person’s cohabiting spouse or common-law partner; B is 4% (or where the person is an eligible individual in respect of only one qualified dependant at the beginning of the month, 2%) of the amount, if any, by which the person’s adjusted income for the year exceeds the greater of $32,000 and the dollar amount, as adjusted annually and referred to in paragraph 117(2)(a), that is used for the calendar year following the base taxation year; C is the amount determined by the formula F - (G × H) where F is, where the person is, at the beginning of the month, an eligible individual in respect of only one qualified dependant, $1,463, and two or more qualified dependants, the total of$1,463 for the first qualified dependant,$1,254 for the second qualified dependant, and$1,176 for each of the third and subsequent qualified dependants, G is the amount determined by the formula J - [K - (L/0.122)] where J is the person’s adjusted income for the year, K is the amount referred to in paragraph (b) of the description of B, and L is the amount referred to in paragraph (a) of the description of F, and H is if the person is an eligible individual in respect of only one qualified dependant, 12.2%, and if the person is an eligible individual in respect of two or more qualified dependants, the fraction (expressed as a percentage rounded to the nearest one-tenth of one per cent) of which the numerator is the total that would be determined under the description of F in respect of the eligible individual if that description were applied without reference to the fourth and subsequent qualified dependants in respect of whom the person is an eligible individual, and the denominator is the amount referred to in paragraph (a) of the description of F, divided by 0.122; and M is the amount determined by the formula N - (O × P) where N is the product obtained by multiplying $1,600 by the number of qualified dependants in respect of whom both an amount may be deducted under section 118.3 for the taxation year that includes the month, and the person is an eligible individual at the beginning of the month, O is the amount determined by the formula J - [F/H + (K - L/0.122)] where the descriptions of J, F, H, K, and L are described in the description of C, and P is the amount that would be determined for the description of H if the person were an eligible individual in respect of only the number of qualified dependants included in the description of N.