I-3 - Taxation Act

Section 776.65 Disposition versions

2019-06-19

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10.0.9, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17, 776.1.5.0.18 and 776.41.14 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

If the first paragraph applies to an individual referred to in the second paragraph of any of sections 22, 25 and 26, the following rules apply for the purpose of determining such an individual’s basic minimum tax deduction for a taxation year:

(a)  the amount deducted by the individual under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25; and

(b)  the amount deducted by the individual under section 776.41.14 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 776.41.16 or 776.41.18.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85; 2009, c. 5, s. 331; 2011, c. 34, s. 41; 2012, c. 8, s. 140; 2015, c. 24, s. 113; 2019, c. 14, s. 270.

2015-10-26

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10.0.7, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17, 776.1.5.0.18 and 776.41.14 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

If the first paragraph applies to an individual referred to in the second paragraph of any of sections 22, 25 and 26, the following rules apply for the purpose of determining such an individual’s basic minimum tax deduction for a taxation year:

(a)  the amount deducted by the individual under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25; and

(b)  the amount deducted by the individual under section 776.41.14 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 776.41.16 or 776.41.18.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85; 2009, c. 5, s. 331; 2011, c. 34, s. 41; 2012, c. 8, s. 140; 2015, c. 24, s. 113.

2012-05-09

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10.0.5, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17, 776.1.5.0.18 and 776.41.14 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

If the first paragraph applies to an individual referred to in the second paragraph of any of sections 22, 25 and 26, the following rules apply for the purpose of determining such an individual’s basic minimum tax deduction for a taxation year:

(a)  the amount deducted by the individual under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25; and

(b)  the amount deducted by the individual under section 776.41.14 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 776.41.16 or 776.41.18.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85; 2009, c. 5, s. 331; 2011, c. 34, s. 41; 2012, c. 8, s. 140.

2012-01-01

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10.0.3, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17, 776.1.5.0.18 and 776.41.14 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

If the first paragraph applies to an individual referred to in the second paragraph of any of sections 22, 25 and 26, the following rules apply for the purpose of determining such an individual’s basic minimum tax deduction for a taxation year:

(a)  the amount deducted by the individual under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25; and

(b)  the amount deducted by the individual under section 776.41.14 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 776.41.16 or 776.41.18.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85; 2009, c. 5, s. 331; 2011, c. 34, s. 41.

2009-05-15

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17, 776.1.5.0.18 and 776.41.14 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

If the first paragraph applies to an individual referred to in the second paragraph of any of sections 22, 25 and 26, the following rules apply for the purpose of determining such an individual’s basic minimum tax deduction for a taxation year:

(a)  the amount deducted by the individual under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25; and

(b)  the amount deducted by the individual under section 776.41.14 in computing the individual’s tax payable for the year under this Part must be determined without reference to the proportion referred to in section 776.41.16 or 776.41.18.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85; 2009, c. 5, s. 331.

2006-12-06

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of all amounts each of which is

(a)  the amount deducted under any of sections 752.0.0.1 to 752.0.10, 752.0.14, 752.0.18.3 to 752.0.18.15, 776.1.5.0.17 and 776.1.5.0.18 in computing the individual’s tax payable for the year under this Part; or

(b)  the amount deducted under any of sections 752.0.10.1 to 752.0.13.3 in computing the individual’s tax payable for the year under this Part, determined without reference to this Book, to the extent that the amount deducted does not exceed the maximum amount deductible under that section in computing the individual’s tax payable for the year under this Part, determined without reference to this Book.

Where the first paragraph applies to an individual referred to in the second paragraph of section 22, 25 or 26, for the purpose of determining the basic minimum tax deduction of that individual for a taxation year, the amount deducted under any of sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing his tax payable for the year under this Part shall be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25, as the case may be.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198; 2006, c. 36, s. 85.

2006-03-01

776.65. An individual’s basic minimum tax deduction for a taxation year is the aggregate of the amounts that he may deduct under sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing his tax payable for the year under this Part.

Where the first paragraph applies to an individual referred to in the second paragraph of section 22, 25 or 26, for the purpose of determining the basic minimum tax deduction of that individual for a taxation year, the amount that he may deduct under sections 752.0.0.1 to 752.0.14 and 752.0.18.3 to 752.0.18.15 in computing his tax payable for the year under this Part shall be determined without reference to the proportion referred to in section 752.0.23 or 752.0.25, as the case may be.

1989, c. 5, s. 153; 1993, c. 64, s. 92; 1995, c. 63, s. 92; 1997, c. 14, s. 141; 1997, c. 85, s. 186; 1999, c. 89, s. 53; O.C. 149-2000; 2003, c. 9, s. 112; 2005, c. 1, s. 188; 2005, c. 38, s. 198.