Versions of s. 236.4(2)

If a person makes an election under subsection (1) in respect of a residential complex, or in respect of an addition to a multiple unit residential complex, for a reporting period of the person, the person shall, in determining the net tax for that period, add the positive amount or deduct the negative amount determined by the formula(A - B) - C where A is the particular amount of tax referred to in paragraph (1)(b); B is the amount of the rebate that the person would be entitled, if section 256.2 were read without reference to subsection (7), to claim under subsection 256.2(3) in respect of the residential complex or addition that is determined based on the particular amount of tax; and C is the amount determined by the formula C 1 - C 2 where C 1 is the total of all amounts each of which is an input tax credit of the person that is in respect of property or a service acquired, imported or brought into a participating province before the particular time referred to in paragraph (1)(b) for consumption or use for the purpose of making the supply referred to in that paragraph, and in respect of which the person satisfies the requirements of subsection 169(4) at the time the election under subsection (1) is filed, and C 2 is the total of all amounts each of which is an amount included in the determination of C 1, but only to the extent that the amount can reasonably be regarded as an amount that was claimed or included as an input tax credit or deduction in determining the net tax for the reporting period or a preceding reporting period of the person, has previously been rebated, refunded or remitted to the person, or that the person is entitled to obtain as a rebate, refund or remission, under this or any other Act of Parliament, or is included in an adjustment, refund or credit for which a credit note referred to in subsection 232(3) has been received by the person or a debit note referred to in that subsection has been issued by the person.