Hyperlawhypertext legal database Excise Tax Act

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Versions of s. 261.01(2)

E-15 — Excise Tax Act · 3 versions · View current text

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

  1. 2017-12-14 to present available View Source
    If a pension entity is a qualifying pension entity on the last day of a claim period of the pension entity, the Minister shall pay a rebate to the pension entity for the claim period equal to the amount determined by the formula A – B where A is the pension rebate amount of the pension entity for the claim period; and B is the total of all amounts, each of which is an amount determined by the formula C × D where C is an amount determined for A in the formula in subsection (5) for a qualifying employer as a consequence of an election made under that subsection for the claim period, and D is the percentage specified for the qualifying employer in the election, or determined under paragraph (6)(a) in respect of a qualifying employer as a consequence of an election made under subsection (6) for the claim period.
    Full text

    If a pension entity is a qualifying pension entity on the last day of a claim period of the pension entity, the Minister shall pay a rebate to the pension entity for the claim period equal to the amount determined by the formula A – B where A is the pension rebate amount of the pension entity for the claim period; and B is the total of all amounts, each of which is an amount determined by the formula C × D where C is an amount determined for A in the formula in subsection (5) for a qualifying employer as a consequence of an election made under that subsection for the claim period, and D is the percentage specified for the qualifying employer in the election, or determined under paragraph (6)(a) in respect of a qualifying employer as a consequence of an election made under subsection (6) for the claim period.

  2. 2010-07-12 to 2017-12-14 View Source
    If a trustpension governedentity byis a multi-employerqualifying planpension acquires,entity importson orthe bringslast intoday of a participatingclaim province property or a service for consumption, use or supply in respectperiod of the plan,pension entity, the Minister shall pay a rebate to the trustpension a rebateentity for eachthe claim period of the trust equal to the amount determined by the formula A ×– (B - C)B where A is 33%,the pension rebate amount of the pension entity for the claim period; and B is the total of all amounts each of which is tax that, during that period and after 1998, became payable by the trust or was paid by the trust without having become payable, in respect of the supply, importation or bringing in of the property or service, and C is the total of all amountsamounts, each of which is an amount thatdetermined by the formula C × D where C is includedan amount determined for A in the totalformula in subsection (5) for Ba qualifying employer as a consequence of an election made under that subsection for the periodclaim period, and D is includedthe percentage specified for the qualifying employer in determining an input tax credit of the trustelection, or determined under paragraph (6)(a) in respect of thea propertyqualifying oremployer serviceas a consequence of an election made under subsection (6) for the period,claim for which it can reasonably be regarded that the trust has obtained or is entitled to obtain a rebate, refund or remission under any other section of this Act or under any other Act of Parliament, or is included in an amount adjusted, refunded or credited to or in favour of the trust for which a credit note referred to in subsection 232(3) has been received by the trust or a debit note referred to in that subsection has been issued by the trust.period.
    Full text

    If a pension entity is a qualifying pension entity on the last day of a claim period of the pension entity, the Minister shall pay a rebate to the pension entity for the claim period equal to the amount determined by the formula A – B where A is the pension rebate amount of the pension entity for the claim period; and B is the total of all amounts, each of which is an amount determined by the formula C × D where C is an amount determined for A in the formula in subsection (5) for a qualifying employer as a consequence of an election made under that subsection for the claim period, and D is the percentage specified for the qualifying employer in the election, or determined under paragraph (6)(a) in respect of a qualifying employer as a consequence of an election made under subsection (6) for the claim period.

  3. 2003-01-01 to 2010-07-12 View Source

    If a trust governed by a multi-employer plan acquires, imports or brings into a participating province property or a service for consumption, use or supply in respect of the plan, the Minister shall pay to the trust a rebate for each claim period of the trust equal to the amount determined by the formula A × (B - C) where A is 33%, B is the total of all amounts each of which is tax that, during that period and after 1998, became payable by the trust or was paid by the trust without having become payable, in respect of the supply, importation or bringing in of the property or service, and C is the total of all amounts each of which is an amount that is included in the total for B for the period and is included in determining an input tax credit of the trust in respect of the property or service for the period, for which it can reasonably be regarded that the trust has obtained or is entitled to obtain a rebate, refund or remission under any other section of this Act or under any other Act of Parliament, or is included in an amount adjusted, refunded or credited to or in favour of the trust for which a credit note referred to in subsection 232(3) has been received by the trust or a debit note referred to in that subsection has been issued by the trust.