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Versions of s. 125.7(1), definition “revenue reduction percentage”

I-3.3 — Income 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. 2020-07-27 to present available View Source

    revenue reduction percentage, of an eligible entity for a qualifying period, means the result (expressed as a percentage) of the formula 1 − A/B where A is the eligible entity’s qualifying revenue for the current reference period for the qualifying period; and B is the eligible entity’s qualifying revenue for the prior reference period for the qualifying period – or, if the prior reference period is January and February 2020, the amount determined by the formula in subparagraph (c)(ii) of the definition qualifying entity – or a period prescribed by regulation in respect of the eligible entity for the qualifying period. (pourcentage de baisse de revenu)