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Versions of s. 125.7(2.2)

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. 2021-06-29 to present available View Source

    For a qualifying recovery entity for a qualifying period, an overpayment on account of the qualifying entity’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen during the qualifying period in an amount determined by the formula A × (B − C) where A is the recovery wage subsidy rate for the qualifying period; B is the qualifying recovery entity’s total current period remuneration for the qualifying period; and C is the qualifying recovery entity’s total base period remuneration.