Hyperlawhypertext legal database Income Tax Act

← Historical versions

Versions of s. 122.8(4)

I-3.3 — Income Tax Act · 4 versions · View current text

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

  1. 2024-06-20 to present available View Source
    An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid, during the specified month, on account of their tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual in relation to the specified month for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the beginning of the specified month; B is the amount specified by the Minister of Finance for a qualified relation in relation to the specified month for the relevant province, if the eligible individual has a qualified relation at the beginning of the specified month, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant in relation to the specified month for the relevant province; D is the number of qualified dependants of the eligible individual at the beginning of the specified month, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B in relation to the specified month; and E is 1.1,1.2, if there is a census metropolitan area, as determined in the lastrelevant census published by Statistics Canada before the taxation year,census, in the relevant province and the individual does not reside in a census metropolitan area at the beginning of the specified month, and 1, in any other case.
    Full text

    An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid, during the specified month, on account of their tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual in relation to the specified month for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the beginning of the specified month; B is the amount specified by the Minister of Finance for a qualified relation in relation to the specified month for the relevant province, if the eligible individual has a qualified relation at the beginning of the specified month, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant in relation to the specified month for the relevant province; D is the number of qualified dependants of the eligible individual at the beginning of the specified month, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B in relation to the specified month; and E is 1.2, if there is a census metropolitan area, as determined in the relevant census, in the relevant province and the individual does not reside in a census metropolitan area at the beginning of the specified month, and 1, in any other case.

  2. 2022-07-01 to 2024-06-20 View Source
    An eligible individual in relation to a month specified for a taxation year who files a return of income for athe taxation year and who makes a claim under this subsection is deemed to have paid, atduring the endspecified of the taxation year,month, on account of their tax payable under this Part for the taxation year, an amount equal to the amountamount, if any, determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual forin relation to the taxationspecified yearmonth for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the endbeginning of the taxationspecified year;month; B is the amount specified by the Minister of Finance for a qualified relation forin relation to the taxationspecified yearmonth for the relevant province, if the eligible individual has a qualified relation at the endbeginning of the taxationspecified year,month, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the endbeginning of the taxationspecified year,month, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant forin relation to the taxationspecified yearmonth for the relevant province; D is the number of qualified dependants of the eligible individual at the endbeginning of the taxationspecified year,month, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B forin relation to the taxationspecified year;month; and E is 1.1, if there is a census metropolitan area, as determined in the last census published by Statistics Canada before the taxation year, in the relevant province and the individual does not reside in a census metropolitan area at the endbeginning of the taxationspecified year,month, and 1, in any other case.
    Full text

    An eligible individual in relation to a month specified for a taxation year who files a return of income for the taxation year is deemed to have paid, during the specified month, on account of their tax payable under this Part for the taxation year, an amount equal to the amount, if any, determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual in relation to the specified month for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the beginning of the specified month; B is the amount specified by the Minister of Finance for a qualified relation in relation to the specified month for the relevant province, if the eligible individual has a qualified relation at the beginning of the specified month, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the beginning of the specified month, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant in relation to the specified month for the relevant province; D is the number of qualified dependants of the eligible individual at the beginning of the specified month, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B in relation to the specified month; and E is 1.1, if there is a census metropolitan area, as determined in the last census published by Statistics Canada before the taxation year, in the relevant province and the individual does not reside in a census metropolitan area at the beginning of the specified month, and 1, in any other case.

  3. 2018-12-13 to 2022-07-01 View Source
    IfAn more than oneeligible individual iswho entitledfiles toa makereturn of income for a taxation year and who makes a claim under this sectionsubsection is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual for the taxation year for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the end of the taxation year; B is the amount specified by the Minister of Finance for a qualified relation for the taxation year for the relevant province, if the eligible individual has a qualified relation at the end of the taxation year, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the end of the taxation year, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant for the taxation year for the relevant province; D is the number of qualified dependants of the eligible individual at the end of the taxation year, other than a qualified dependant in respect of awhom qualifyingan child,amount is included because of subparagraph (a)(ii) of the totaldescription of all amounts deemed to have been paid shall not exceed the maximum amount that could be deemed to have been paidB for the yeartaxation year; and E is 1.1, if there is a census metropolitan area, as determined in the last census published by anyStatistics oneCanada ofbefore thosethe individualstaxation year, in respectthe ofrelevant thatprovince qualifyingand child if thatthe individual weredoes not reside in a census metropolitan area at the only individual entitled to claim an amount for the year under this section in respect of that qualifying child. If the individuals cannot agree as to what portionend of the maximumtaxation amountyear, eachand can1, soin claim,any theother Minister may fix the portions.case.
    Full text

    An eligible individual who files a return of income for a taxation year and who makes a claim under this subsection is deemed to have paid, at the end of the taxation year, on account of tax payable under this Part for the taxation year, an amount equal to the amount determined by the formula(A + B + C × D) × E where A is the amount specified by the Minister of Finance for an eligible individual for the taxation year for the province (in this subsection and subsection (6) referred to as the “relevant province”) in which the eligible individual resides at the end of the taxation year; B is the amount specified by the Minister of Finance for a qualified relation for the taxation year for the relevant province, if the eligible individual has a qualified relation at the end of the taxation year, or subparagraph (i) does not apply and the eligible individual has a qualified dependant at the end of the taxation year, and in any other case, nil; C is the amount specified by the Minister of Finance for a qualified dependant for the taxation year for the relevant province; D is the number of qualified dependants of the eligible individual at the end of the taxation year, other than a qualified dependant in respect of whom an amount is included because of subparagraph (a)(ii) of the description of B for the taxation year; and E is 1.1, if there is a census metropolitan area, as determined in the last census published by Statistics Canada before the taxation year, in the relevant province and the individual does not reside in a census metropolitan area at the end of the taxation year, and 1, in any other case.

  4. 2014-12-16 to 2017-01-01 View Source

    If more than one individual is entitled to make a claim under this section for a taxation year in respect of a qualifying child, the total of all amounts deemed to have been paid shall not exceed the maximum amount that could be deemed to have been paid for the year by any one of those individuals in respect of that qualifying child if that individual were the only individual entitled to claim an amount for the year under this section in respect of that qualifying child. If the individuals cannot agree as to what portion of the maximum amount each can so claim, the Minister may fix the portions.