Hyperlawhypertext legal database Excise Tax Act

← Historical versions

Versions of s. 226(7)

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.

  1. 2007-06-22 to present available View Source
    WhereFor subsectionthe (3)purposes atof anythis timePart, begins to apply toif a registrantrecycler inof respectreturnable containers of a returnableparticular containerclass ownedmakes bya theparticular registranttaxable atsupply thatin timea andprovince theof registranta was entitled to claim an input tax creditservice in respect of the lastrecycling acquisitionof returnable containers of that class to another recycler of returnable containers of that class without supplying the containers to the other recycler and the consideration for the particular supply is based in whole or in part on the amount in that province of the containerrefund, byor the registrantreturnable orcontainer charge, in respect of bringingreturnable containers of that class, the containervalue intoof athe participatingconsideration provincefor afterthe itparticular wassupply lastis acquired,deemed to be equal to the amount determined by the formula A - B where A is the consideration for the particular supply as otherwise determined for the purposes of this Part,Part; and B is the registranttotal of all amounts each of which is deemedthe refund in that province for a returnable container in respect of which that consideration is paid or payable.
    Full text

    For the purposes of this Part, if a recycler of returnable containers of a particular class makes a particular taxable supply in a province of a service in respect of the recycling of returnable containers of that class to another recycler of returnable containers of that class without supplying the containers to the other recycler and the consideration for the particular supply is based in whole or in part on the amount in that province of the refund, or the returnable container charge, in respect of returnable containers of that class, the value of the consideration for the particular supply is deemed to be equal to the amount determined by the formula A - B where A is the consideration for the particular supply as otherwise determined for the purposes of this Part; and B is the total of all amounts each of which is the refund in that province for a returnable container in respect of which that consideration is paid or payable.

  2. 2003-01-01 to 2007-06-22 View Source

    Where subsection (3) at any time begins to apply to a registrant in respect of a returnable container owned by the registrant at that time and the registrant was entitled to claim an input tax credit in respect of the last acquisition of the container by the registrant or in respect of bringing the container into a participating province after it was last acquired, for the purposes of this Part, the registrant is deemed