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Versions of s. 122.5(3.06)

I-3.3 — Income 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. 2026-02-12 to present available View Source

    Notwithstanding subsection (3.005), if an eligible individual is a shared-custody parent (as defined in section 122.6, with reference to the term “qualified dependant” read as a reference to that term as defined in subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.005) to have been paid during the specified month is equal to the amount determined by the formula 0.5 × (A + B) where A is the amount determined by the formula in subsection (3.005), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.005), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6.