Versions of s. 127.42(2)

A taxpayer (other than a partnership) that files a prescribed form containing prescribed information with their return of income for a taxation year is deemed, on their balance-due day for the year, to have paid on account of their tax payable under this Part for the year, the total of all amounts each of which is an amount, for each designated province and for each calendar year a portion of which falls within the taxation year, determined by the formula(A × B) × (C ÷ D) where A is the payment rate for the calendar year for the designated province; B is the taxpayer’s eligible farming expenses for the designated province for the taxation year; C is the number of days within the taxation year that fall within the calendar year; and D is the number of days in the taxation year.