Versions of s. 20.01(2)(c)

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.

2013-12-12 to present available View Source

subject to paragraph (d), where an amount payable under a private health services plan relates to a particular period in the year, other than a period described in paragraph (b), the amount so deductible in relation to the particular period shall not exceed the amount determined by the formula(A/365) × (B + C) where A is the number of days in the year that are included in the particular period, B is the product obtained when $1,500 is multiplied by the number of persons each of whom is covered under the plan, and is the individual or the individual’s spouse or common-law partner, or is a member of the individual’s household and has attained the age of 18 years before the beginning of the particular period, and C is the product obtained when $750 is multiplied by the number of members of the individual’s household who, but for the fact that they have not attained the age of 18 years before the particular period began, would be included in computing the product under the description of B; and

Full text

subject to paragraph (d), where an amount payable under a private health services plan relates to a particular period in the year, other than a period described in paragraph (b), the amount so deductible in relation to the particular period shall not exceed the amount determined by the formula(A/365) × (B + C) where A is the number of days in the year that are included in the particular period, B is the product obtained when $1,500 is multiplied by the number of persons each of whom is covered under the plan, and is the individual or the individual’s spouse or common-law partner, or is a member of the individual’s household and has attained the age of 18 years before the beginning of the particular period, and C is the product obtained when $750 is multiplied by the number of members of the individual’s household who, but for the fact that they have not attained the age of 18 years before the particular period began, would be included in computing the product under the description of B; and
2004-08-31 to 2013-12-12 View Source

subject to paragraph (d), where an amount payable under a private health services plan relates to a particular period in the year, other than a period described in paragraph (b), the amount so deductible in relation to the particular period shall not exceed the amount determined by the formula(A/365) × (B + C) where A is the number of days in the year that are included in the particular period, B is the product obtained when $1,500 is multiplied by the number of persons each of whom is covered under the plan, and is the individual or the individual’s spouse or common-law partner, or is a member of the individual’s household and has attained the age of 18 years before the beginning of the particular period, and C is the product obtained when $750 is multiplied by the number of members of the individual’s household who, but for the fact that they have not attained the age of 18 years before the particular period began, would be included in computing the product under the description of B; and