I-3 - Taxation Act

Section 1029.8.114.1 Disposition versions

2021-06-02

1029.8.114.1. (Repealed).

2009, c. 5, s. 475; 2021, c. 14, s. 155.

2009-05-15

1029.8.114.1. An eligible individual for the taxation year 2006 who makes the application referred to in section 1029.8.114 for that year is deemed to have paid to the Minister in each of September and December 2007, on account of the eligible individual’s tax payable under this Part for the taxation year 2006, an amount equal to half of the amount by which the amount described in the second paragraph exceeds the aggregate of the amounts deemed under section 1029.8.114 to have been paid for that year by the eligible individual.

The amount to which the first paragraph refers is equal to the amount by which 15% of the eligible individual’s family income for the taxation year 2006 is exceeded by the amount obtained by multiplying the total of the following amounts by the number of months in the year during which the eligible individual lives in the territory of a northern village:

(a)  $60 in respect of the eligible individual;

(b)  $60 in respect of the eligible individual’s eligible spouse for the year, if applicable; and

(c)  $25 in respect of each dependant, during the year, of the eligible individual or the eligible individual’s eligible spouse for the year.

2009, c. 5, s. 475.