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Versions of s. 125.7(1), definition “top up revenue reduction percentage”, para (a)

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.

  1. 2021-06-29 to present available View Source
    for aany of the fifth qualifying period referred to in any of paragraphs (c.2) to (c.4) of the definitionseventh qualifying period, the result (expressed as a percentage) of the formula 1 − A ÷ B where A is the average monthly qualifying revenue of the eligible entity for the last three calendar months that ended prior to the current reference period for the qualifying period, and B is the average monthly qualifying revenue of the eligible entity for if the prior reference period for the qualifying period is January and February 2020, January and February 2020, and in any other case, the last three calendar months that ended prior to the prior reference period for the qualifying period;
    Full text

    for any of the fifth qualifying period to the seventh qualifying period, the result (expressed as a percentage) of the formula 1 − A ÷ B where A is the average monthly qualifying revenue of the eligible entity for the last three calendar months that ended prior to the current reference period for the qualifying period, and B is the average monthly qualifying revenue of the eligible entity for if the prior reference period for the qualifying period is January and February 2020, January and February 2020, and in any other case, the last three calendar months that ended prior to the prior reference period for the qualifying period;

  2. 2020-11-19 to 2021-06-29 View Source

    for a qualifying period referred to in any of paragraphs (c.2) to (c.4) of the definition qualifying period, the result (expressed as a percentage) of the formula 1 − A ÷ B where A is the average monthly qualifying revenue of the eligible entity for the last three calendar months that ended prior to the current reference period for the qualifying period, and B is the average monthly qualifying revenue of the eligible entity for if the prior reference period for the qualifying period is January and February 2020, January and February 2020, and in any other case, the last three calendar months that ended prior to the prior reference period for the qualifying period;