Versions of s. 18(9.01)(d)(ii)

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

2018-12-13 to present available View Source

1/3 of the amount determined by the formula(A × C)/365 where A is the amount that would, if this Act were read without reference to this subsection, be deductible in respect of the premium in computing the taxpayer’s income, B is the total amount deductible in respect of the premium in computing the taxpayer’s income for preceding taxation years, and C is the number of days in the year, and

Full text

1/3 of the amount determined by the formula(A × C)/365 where A is the amount that would, if this Act were read without reference to this subsection, be deductible in respect of the premium in computing the taxpayer’s income, B is the total amount deductible in respect of the premium in computing the taxpayer’s income for preceding taxation years, and C is the number of days in the year, and
2004-08-31 to 2018-12-13 View Source

1/3 of the amount determined by the formula(A × C)/365 where A is the amount that would, if this Act were read without reference to this subsection, be deductible in respect of the premium in computing the taxpayer’s income, B is the total amount deductible in respect of the premium in computing the taxpayer’s income for preceding taxation years, and C is the number of days in the year, and