I-3 - Taxation Act

Section 1132.5 Disposition versions

2009-05-15

1132.5. The rate referred to in paragraph c of section 1132 in respect of a corporation for a taxation year that begins before 1 January 2011 is equal to

(a)  if the taxation year begins and ends in the same calendar year, the base percentage for that calendar year; and

(b)  if subparagraph a does not apply, the total of the percentages each of which is the proportion of the base percentage for a calendar year that the number of days in the taxation year that are included in that calendar year is of the number of days in the taxation year.

For the purposes of the first paragraph, the base percentage for a calendar year is equal to

(a)  0.6%, for the calendar year 2005;

(b)  0.525%, for the calendar year 2006;

(c)  0.49%, for the calendar year 2007;

(d)  0.36%, for the calendar year 2008;

(e)  0.24%, for the calendar year 2009; and

(f)  0.12%, for the calendar year 2010.

2005, c. 38, s. 313; 2009, c. 5, s. 537.

2006-03-01

1132.5. The rate referred to in paragraph c of section 1132 in respect of a corporation for a taxation year is equal to 

(a)  if the taxation year begins before 1 January 2009 and it begins and ends in the same calendar year, the base percentage for that calendar year;

(b)  if the taxation year begins before 1 January 2009 and subparagraph a does not apply, the total of

i.  the proportion of the base percentage for the calendar year in which the taxation year begins that the number of days in the taxation year that are included in that calendar year is of the number of days in the taxation year, and

ii.  the proportion of the base percentage for the calendar year in which the taxation year ends that the number of days in the taxation year that are included in that calendar year is of the number of days in the taxation year; and

(c)  if the taxation year begins after 31 December 2008, 0.29%.

For the purposes of the first paragraph, the base percentage for a calendar year is equal to

(a)  0.6%, for the calendar year 2005;

(b)  0.525%, for the calendar year 2006;

(c)  0.49%, for the calendar year 2007;

(d)  0.36%, for the calendar year 2008; and

(e)  0.29%, for the calendar year 2009.

2005, c. 38, s. 313.