Versions of s. 122.9(2)

I-3.3 — Income Tax Act · 2 versions · View current text

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

2022-06-09 to present available View Source

An eligible educator 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 year, on account of tax payable under this Part for the year, an amount equal to ~~the~~25% ~~amount determined by the formula A × B where A is the appropriate percentage for the year; and B is~~of the least ~~of$1,000, the total~~ of all amounts each of which is an eligible supplies expense of the eligible educator for the year, and if the eligible educator fails to provide the certificate referred to in subsection (3) in respect of the year, as and when requested by the Minister, nil.

Full text

An eligible educator 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 year, on account of tax payable under this Part for the year, an amount equal to 25% of the least of
2016-06-22 to 2022-06-09 View Source

An eligible educator 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 year, on account of tax payable under this Part for the year, an amount equal to the amount determined by the formula A × B where A is the appropriate percentage for the year; and B is the least of$1,000, the total of all amounts each of which is an eligible supplies expense of the eligible educator for the year, and if the eligible educator fails to provide the certificate referred to in subsection (3) in respect of the year, as and when requested by the Minister, nil.