Hyperlawhypertext legal database Excise Tax Act

← Historical versions

Versions of s. 280(4.1)

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. 2007-04-01 to present available View Source
    Where penalty computed at a rate per year orIf interest is compounded on a particularpartic­ular day on an amount that a person has failed to pay or remit when required under this Part, the penalty or interest, as the case may be,interest so compounded shall,is deemed, for the purposepurposes of this section, be deemed to be required to be paid by the person to the Receiver General at the end of the particular day and, whereif the person has not paid the penalty or interest, as the case may be,interest so computed by the end of the next following day, the penalty or interest, as the case may be,interest shall be added to the amount at the end of the particular day.
    Full text

    If interest is compounded on a partic­ular day on an amount that a person has failed to pay or remit when required under this Part, the interest so compounded is deemed, for the purposes of this section, to be required to be paid by the person to the Receiver General at the end of the particular day and, if the person has not paid the interest so computed by the end of the next following day, the interest shall be added to the amount at the end of the particular day.

  2. 2003-01-01 to 2007-04-01 View Source

    Where penalty computed at a rate per year or interest is compounded on a particular day on an amount that a person has failed to pay or remit when required under this Part, the penalty or interest, as the case may be, so compounded shall, for the purpose of this section, be deemed to be required to be paid by the person to the Receiver General at the end of the particular day and, where the person has not paid the penalty or interest, as the case may be, so computed by the end of the next following day, the penalty or interest, as the case may be, shall be added to the amount at the end of the particular day.