I-3 - Taxation Act

Section 1029.8.116.6 Disposition versions

2006-06-13

1029.8.116.6. (Repealed).

2005, c. 1, s. 267; 2006, c. 13, s. 195.

2006-03-01

1029.8.116.6. Where the amounts of $9,700 and $14,800 mentioned in subparagraphs i and ii of subparagraphs b and c of the second paragraph of section 1029.8.116.5 must be used for the purpose of computing the amount deemed to be paid under section 1029.8.116.5 for a taxation year subsequent to the taxation year 2005, each of those amounts must be replaced by the amount determined by the formula

A + [(12B - 12C) / (1 - D - E)].

In the formula provided for in the first paragraph,

(a)  A is

i.  where this section applies for the purpose of replacing the amount of $9,700 for the year,

(1)  $9,700, if this section applies for the purpose of computing the amount deemed to be paid under section 1029.8.116.5 for the taxation year 2006, or

(2)  if the taxation year is subsequent to the year 2006, the amount that replaces that amount and that was used for the purpose of computing the amount deemed to be paid under section 1029.8.116.5 for the preceding taxation year, and

ii.  where this section applies for the purpose of replacing the amount of $14,800 for the year,

(1)  $14,800, if this section applies for the purpose of computing the amount deemed to be paid under section 1029.8.116.5 for the taxation year 2006, or

(2)  if the taxation year is subsequent to the year 2006, the amount that replaces that amount and that was used for the purpose of computing the amount deemed to be paid under section 1029.8.116.5 for the preceding taxation year;

(b)  B is

i.  where this section applies for the purpose of replacing the amount of $9,700 for the year, the amount of the basic benefit of an adult or of a family comprising one adult that is provided for, for the year, in section 23 of the Regulation respecting income support made by Order in Council 1011-99 dated 1 September 1999, as amended, and

ii.  where this section applies for the purpose of replacing the amount of $14,800 for the year, the amount of the basic benefit of a family comprising two adults that is provided for, for the year, in section 23 of the regulation mentioned in subparagraph i;

(c)  C is

i.  where this section applies for the purpose of replacing the amount of $9,700 for the year, the amount of the basic benefit of an adult or of a family comprising one adult that is provided for, for the preceding year, in section 23 of the regulation mentioned in subparagraph i of subparagraph b, and

ii.  where this section applies for the purpose of replacing the amount of $14,800 for the year, the amount of the basic benefit of a family comprising two adults that is provided for, for the preceding year, in section 23 of the regulation mentioned in subparagraph i of subparagraph b;

(d)  D is one-half of the rate of contribution determined for the year under the Act respecting the Québec Pension Plan (chapter R-9); and

(e)  E is the employee’s premium rate determined for the year under the Employment Insurance Act (Statutes of Canada, 1996, chapter 23).

2005, c. 1, s. 267.