Hyperlawhypertext legal database Excise Tax Act

← Historical versions

Versions of s. 175.1(d)

E-15 — Excise 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. 2003-01-01 to present available View Source

    where the beneficiary is a registrant who was entitled to claim an input tax credit, or a rebate under Division VI, in respect of the property or service, the beneficiary is deemed, for the purposes of this Part, to have made a taxable supply and to have collected, at the time the reimbursement is paid, tax in respect of the supply equal to the amount determined by the formula A × B/C where A is the tax reimbursed, B is the total of the input tax credits and rebates under Division VI that the beneficiary was entitled to claim in respect of the property or service, and C is the tax payable by the beneficiary in respect of the supply to, or importation by, the beneficiary of the property or service.