Versions of s. 187(c)

E-15 — Excise 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.

2006-07-01 to present available View Source

the consideration for that supply is deemed to be equal to the amount determined by the formula(A/B) × (C - D) where A is 100%, B is ~~where~~if that supply is made in a participating province, the total of ~~107%~~100%, the rate set out in subsection 165(1) and the tax rate for that province, and in any other case, ~~107%,~~the total of 100% and the rate set out in subsection 165(1), C is the total amount in respect of the bet that is given by the particular person to the person with whom the bet is placed, including any amount given as or on account of tax imposed on the particular person under an Act of the legislature of a province or under this Part, and D is the amount of any tax imposed under an Act of the legislature of a province on the particular person in respect of the amount that is bet.

Full text

the consideration for that supply is deemed to be equal to the amount determined by the formula(A/B) × (C - D) where A is 100%, B is if that supply is made in a participating province, the total of 100%, the rate set out in subsection 165(1) and the tax rate for that province, and in any other case, the total of 100% and the rate set out in subsection 165(1), C is the total amount in respect of the bet that is given by the particular person to the person with whom the bet is placed, including any amount given as or on account of tax imposed on the particular person under an Act of the legislature of a province or under this Part, and D is the amount of any tax imposed under an Act of the legislature of a province on the particular person in respect of the amount that is bet.
2003-01-01 to 2006-07-01 View Source

the consideration for that supply is deemed to be equal to the amount determined by the formula(A/B) × (C - D) where A is 100%, B is where that supply is made in a participating province, the total of 107% and the tax rate for that province, and in any other case, 107%, C is the total amount in respect of the bet that is given by the particular person to the person with whom the bet is placed, including any amount given as or on account of tax imposed on the particular person under an Act of the legislature of a province or under this Part, and D is the amount of any tax imposed under an Act of the legislature of a province on the particular person in respect of the amount that is bet.