I-3, r. 1 - Regulation respecting the Taxation Act

Section 92.21r2 Disposition versions

2017-04-12

92.21R2. (Revoked).

s. 92.21R10; O.C. 1454-99, s. 8; O.C. 134-2009, s. 1; O.C. 321-2017, s. 5.

2012-09-01

92.21R2. For the purposes of section 92.21 of the Act and subject to section 92.21R3, the prescribed portion of an amount in respect of an insurer for a taxation year that ends after 22 February 1994 is equal to the amount determined by the formula

[(0.05A + 0.10B + 0.15C)/365] × D.

In the formula in the first paragraph,

(a)  A is the total of the number of days in the taxation year that are in 1994 or 1995 and, where the taxation year includes 23 February 1994, the number of days in 1994 that are before the 1st day of the taxation year;

(b)  B is the number of days in the taxation year, other than 29 February, that are in any of the years 1996 to 2001;

(c)  C is the number of days in the taxation year that are in 2002 or 2003; and

(d)  D is, subject to section 92.21R4 and subparagraph b of the first paragraph of section 92.21R5, the insurer’s transition amount.

s. 92.21R10; O.C. 1454-99, s. 8; O.C. 134-2009, s. 1.