Hyperlawhypertext legal database Excise Tax Act

← Historical versions

Versions of s. 201(b)

E-15 — Excise Tax Act · 4 versions · View current text

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

  1. 2019-06-21 to present available View Source
    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount that would be deemedwould, under paragraphwhichever of paragraphs 13(7)(g) orto (h)(i) of the Income Tax Act is applicable in respect of the vehicle, be deemed to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle in respect of which that paragraph applies if the formulaformulae in paragraph 7307(1)(b) and subsection 7307(1.1) of the Income Tax Regulations were read without reference to the description of B, B is if the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion of it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage (within the meaning of that section) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.
    Full text

    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount that would, under whichever of paragraphs 13(7)(g) to (i) of the Income Tax Act is applicable in respect of the vehicle, be deemed to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle in respect of which that paragraph applies if the formulae in paragraph 7307(1)(b) and subsection 7307(1.1) of the Income Tax Regulations were read without reference to the description of B, B is if the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion of it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage (within the meaning of that section) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.

  2. 2007-06-22 to 2019-06-21 View Source
    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount that would be deemed under paragraph 13(7)(g) or (h) of the Income Tax Act to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle toin respect of which that paragraph applies,applies if the formula in paragraph 7307(1)(b) of the Income Tax Regulations were read without reference to the description of B, B is if the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion of it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage (within the meaning of that section) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.
    Full text

    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount that would be deemed under paragraph 13(7)(g) or (h) of the Income Tax Act to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle in respect of which that paragraph applies if the formula in paragraph 7307(1)(b) of the Income Tax Regulations were read without reference to the description of B, B is if the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion of it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage (within the meaning of that section) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.

  3. 2004-05-14 to 2007-06-22 View Source
    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount deemed under paragraph 13(7)(g) or (h) of the Income Tax Act to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle to which that paragraph applies, B is whereif the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion thereofof it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage prescribed for(within the purposesmeaning of that sectionsection) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.
    Full text

    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount deemed under paragraph 13(7)(g) or (h) of the Income Tax Act to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle to which that paragraph applies, B is if the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion of it at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the specified percentage (within the meaning of that section) that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.

  4. 2003-01-01 to 2004-05-14 View Source

    the amount determined by the formula(A × B) - C where A is the tax that would be payable by the registrant in respect of the vehicle if the registrant acquired the vehicle at the particular time where the registrant is bringing the vehicle into a participating province at the particular time, in that province, and in any other case, in Canada for consideration equal to the amount deemed under paragraph 13(7)(g) or (h) of the Income Tax Act to be, for the purposes of section 13 of that Act, the capital cost to a taxpayer of a passenger vehicle to which that paragraph applies, B is where the registrant is deemed under subsection 199(3) or 206(2) or (3) to have acquired the vehicle or a portion thereof at the particular time, or the registrant is bringing the vehicle into a participating province at the particular time, and the registrant was previously entitled to claim a rebate under section 259 in respect of the vehicle or any improvement to it, the difference between 100% and the percentage prescribed for the purposes of that section that applied in determining the amount of that rebate, and in any other case, 100%; and C is where the registrant is bringing the vehicle into a participating province at the particular time, the total of all input tax credits that the registrant was entitled to claim in respect of the last acquisition or importation of the vehicle by the registrant or in respect of any improvement to it acquired or imported by the registrant after the vehicle was last so acquired or imported, and in any other case, zero.