← Historical versions

Versions of s. 256.2(3.4)(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. 2026-03-26 to present available View Source

    despite subsections (3.1) and (3.2), the amount of the rebate under subsection (3) in respect of the construction or substantial renovation of the residential complex or addition is equal to the amount determined as if the first formula in subsection (3) and the descriptions for that formula were read as follows: A × B where A is the amount that, in the absence of subsection 191(6), the person would have been entitled to claim under section 193 or 257 in respect of the deemed purchase of the residential complex or addition determined as if the references in section 193 or 257, as the case may be, to “basic tax content” were read as references to “qualifying portion of basic tax content (as defined in subsection 256.2(1))”, and B is the unit’s percentage of total floor space.