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I-3 - Taxation Act
Section 771.0.2.4
Disposition versions
771.0.2.4. For the purposes of section 771, the percentage that must be determined in respect of a corporation for a taxation year under this section is equal to
(a) if the taxation year begins before 1 January 2009, the total of
i. the proportion of 1.4% that the number of days in the taxation year that precede 24 March 2006 is of the number of days in the taxation year,
ii. the proportion of 1.9% that the number of days in the taxation year that follow 23 March 2006 but precede 1 June 2007 is of the number of days in the taxation year,
iii. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 1.9% in any other case, that the number of days in the taxation year that follow 31 May 2007 but precede 1 January 2008 is of the number of days in the taxation year,
iv. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 3.4% in any other case, that the number of days in the taxation year that follow 31 December 2007 but precede 1 January 2009 is of the number of days in the taxation year, and
v. the proportion of 3.9% that the number of days in the taxation year that follow 31 December 2008 is of the number of days in the taxation year;
(b) if the taxation year begins after 31 December 2008 but before 1 January 2017, the total of
i. the proportion of 3.9% that the number of days in the taxation year that precede 1 January 2017 is of the number of days in the taxation year,
ii. the proportion of 3.8% that the number of days in the taxation year that follow 31 December 2016 but precede 1 January 2018 is of the number of days in the taxation year, and
iii. the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 1 January 2019 is of the number of days in the taxation year; and
(c) if the taxation year begins after 31 December 2016 and
i. if the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year or the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year, whichever is greater, is at least 5,500, the total of
(1) the proportion of 3.8% that the number of days in the taxation year that precede 1 January 2018 is of the number of days in the taxation year,
(2) the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 28 March 2018 is of the number of days in the taxation year,
(2.1) the proportion of 4.7% that the number of days in the taxation year that follow 27 March 2018 but precede 1 January 2019 is of the number of days in the taxation year,
(3) the proportion of 5.6% that the number of days in the taxation year that follow 31 December 2018 but precede 1 January 2020 is of the number of days in the taxation year,
(4) the proportion of 6.5% that the number of days in the taxation year that follow 31 December 2019 but precede 1 January 2021 is of the number of days in the taxation year,
(5) the proportion of 7.5% that the number of days in the taxation year that follow 31 December 2020 but precede 26 March 2021 is of the number of days in the taxation year, and
(6) the proportion of 8.3% that the number of days in the taxation year that follow 25 March 2021 is of the number of days in the taxation year, or
ii. unless subparagraph i applies, the percentage determined by the formula
A × (B – 5,000)/500.
In the formula in subparagraph ii of subparagraph c of the first paragraph,
(a) A is the percentage that would be determined under subparagraph i of subparagraph c of the first paragraph if that subparagraph i applied; and
(b) B is the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year, the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year or 5,000, whichever number is the greatest.
771.0.2.4. For the purposes of section 771, the percentage that must be determined in respect of a corporation for a taxation year under this section is equal to
(a) if the taxation year begins before 1 January 2009, the total of
i. the proportion of 1.4% that the number of days in the taxation year that precede 24 March 2006 is of the number of days in the taxation year,
ii. the proportion of 1.9% that the number of days in the taxation year that follow 23 March 2006 but precede 1 June 2007 is of the number of days in the taxation year,
iii. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 1.9% in any other case, that the number of days in the taxation year that follow 31 May 2007 but precede 1 January 2008 is of the number of days in the taxation year,
iv. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 3.4% in any other case, that the number of days in the taxation year that follow 31 December 2007 but precede 1 January 2009 is of the number of days in the taxation year, and
v. the proportion of 3.9% that the number of days in the taxation year that follow 31 December 2008 is of the number of days in the taxation year;
(b) if the taxation year begins after 31 December 2008 but before 1 January 2017, the total of
i. the proportion of 3.9% that the number of days in the taxation year that precede 1 January 2017 is of the number of days in the taxation year,
ii. the proportion of 3.8% that the number of days in the taxation year that follow 31 December 2016 but precede 1 January 2018 is of the number of days in the taxation year, and
iii. the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 1 January 2019 is of the number of days in the taxation year; and
(c) if the taxation year begins after 31 December 2016 and
i. if the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year or the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year, whichever is greater, is at least 5,500, the total of
(1) the proportion of 3.8% that the number of days in the taxation year that precede 1 January 2018 is of the number of days in the taxation year,
(2) the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 28 March 2018 is of the number of days in the taxation year,
(2.1) the proportion of 4.7% that the number of days in the taxation year that follow 27 March 2018 but precede 1 January 2019 is of the number of days in the taxation year,
(3) the proportion of 5.6% that the number of days in the taxation year that follow 31 December 2018 but precede 1 January 2020 is of the number of days in the taxation year,
(4) the proportion of 6.5% that the number of days in the taxation year that follow 31 December 2019 but precede 1 January 2021 is of the number of days in the taxation year, and
(5) the proportion of 7.5% that the number of days in the taxation year that follow 31 December 2020 is of the number of days in the taxation year, or
ii. unless subparagraph i applies, the percentage determined by the formula
A × (B – 5,000)/500.
In the formula in subparagraph ii of subparagraph c of the first paragraph,
(a) A is the percentage that would be determined under subparagraph i of subparagraph c of the first paragraph if that subparagraph i applied; and
(b) B is the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year, the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year or 5,000, whichever number is the greatest.
771.0.2.4. For the purposes of section 771, the percentage that must be determined in respect of a corporation for a taxation year under this section is equal to
(a) if the taxation year begins before 1 January 2009, the total of
i. the proportion of 1.4% that the number of days in the taxation year that precede 24 March 2006 is of the number of days in the taxation year,
ii. the proportion of 1.9% that the number of days in the taxation year that follow 23 March 2006 but precede 1 June 2007 is of the number of days in the taxation year,
iii. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 1.9% in any other case, that the number of days in the taxation year that follow 31 May 2007 but precede 1 January 2008 is of the number of days in the taxation year,
iv. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 3.4% in any other case, that the number of days in the taxation year that follow 31 December 2007 but precede 1 January 2009 is of the number of days in the taxation year, and
v. the proportion of 3.9% that the number of days in the taxation year that follow 31 December 2008 is of the number of days in the taxation year;
(b) if the taxation year begins after 31 December 2008 but before 1 January 2017, the total of
i. the proportion of 3.9% that the number of days in the taxation year that precede 1 January 2017 is of the number of days in the taxation year,
ii. the proportion of 3.8% that the number of days in the taxation year that follow 31 December 2016 but precede 1 January 2018 is of the number of days in the taxation year, and
iii. the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 1 January 2019 is of the number of days in the taxation year; and
(c) if the taxation year begins after 31 December 2016 and
i. if the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year or the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year, whichever is greater, is at least 5,500, the total of
(1) the proportion of 3.8% that the number of days in the taxation year that precede 1 January 2018 is of the number of days in the taxation year,
(2) the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 but precede 1 January 2019 is of the number of days in the taxation year,
(3) the proportion of 3.6% that the number of days in the taxation year that follow 31 December 2018 but precede 1 January 2020 is of the number of days in the taxation year, and
(4) the proportion of 3.5% that the number of days in the taxation year that follow 31 December 2019 is of the number of days in the taxation year, or
ii. unless subparagraph i applies, the percentage determined by the formula
A × (B – 5,000)/500.
In the formula in subparagraph ii of subparagraph c of the first paragraph,
(a) A is the percentage that would be determined under subparagraph i of subparagraph c of the first paragraph if that subparagraph i applied; and
(b) B is the number of hours referred to in subparagraph a or b of the first paragraph of section 771.2.1.2.1 in respect of the corporation for the taxation year, the number of hours referred to in the first paragraph of section 771.2.1.2.2 in respect of a partnership of which the corporation is a member in the taxation year or 5,000, whichever number is the greatest.
771.0.2.4. For the purposes of section 771, the percentage that must be determined in respect of a corporation for a taxation year under this section is equal to
(a) if the taxation year begins before 1 January 2009, the total of
i. the proportion of 1.4% that the number of days in the taxation year that precede 24 March 2006 is of the number of days in the taxation year,
ii. the proportion of 1.9% that the number of days in the taxation year that follow 23 March 2006 but precede 1 June 2007 is of the number of days in the taxation year,
iii. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 1.9% in any other case, that the number of days in the taxation year that follow 31 May 2007 but precede 1 January 2008 is of the number of days in the taxation year,
iv. the proportion of 3.9% if the corporation is a financial institution or an oil refining corporation, or of 3.4% in any other case, that the number of days in the taxation year that follow 31 December 2007 but precede 1 January 2009 is of the number of days in the taxation year, and
v. the proportion of 3.9% that the number of days in the taxation year that follow 31 December 2008 is of the number of days in the taxation year; and
(b) if the taxation year begins after 31 December 2008, 3.9%.
771.0.2.4. The percentage referred to, in respect of a corporation for a taxation year, in subparagraph ii of paragraph d.2 of subsection 1 of section 771, in subparagraph ii.1 of paragraph h of that subsection 1 or in subparagraph iii of paragraph j of that subsection 1 is equal to
(a) if the taxation year begins before 1 January 2009 and it begins and ends in the same particular period, the base percentage for that particular period;
(b) if the taxation year begins before 1 January 2006 and ends after 23 March 2006, the total of
i. the proportion of 1.4% that the number of days in the taxation year that follow 31 December 2005 but precede 24 March 2006 is of the number of days in the taxation year, and
ii. the proportion of 1.9% that the number of days in the taxation year that follow 23 March 2006 is of the number of days in the taxation year;
(c) if the taxation year begins before 1 January 2009 and subparagraphs a and b do not apply, the total of
i. the proportion of the base percentage for the particular period in which the taxation year begins that the number of days in the taxation year that are included in that particular period is of the number of days in the taxation year, and
ii. the proportion of the base percentage for the particular period in which the taxation year ends that the number of days in the taxation year that are included in that particular period is of the number of days in the taxation year; and
(d) if the taxation year begins after 31 December 2008, 3.9%.
For the purposes of the first paragraph, the base percentage for a particular period is equal to
(a) 0%, for the calendar year 2005;
(b) 1.4%, for the particular period described in subparagraph a of the third paragraph;
(b.1) 1.9%, for the particular period described in subparagraph b of the third paragraph;
(c) 3.4%, for the calendar year 2008; and
(d) 3.9%, for the calendar year 2009.
In this section, “particular period” means any of the calendar years 2005, 2008 and 2009 or any of the following periods:
(a) the period beginning on 1 January 2006 and ending on 23 March 2006; and
(b) the period beginning on 24 March 2006 and ending on 31 December 2007.
771.0.2.4. The percentage referred to, in respect of a corporation for a taxation year, in subparagraph ii of paragraph d.2 of subsection 1 of section 771, in subparagraph ii.1 of paragraph h of that subsection 1 or in subparagraph iii of paragraph j of that subsection 1 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 in the calendar year 2006 and ends in the calendar year 2007, 1.4%;
(c) if the taxation year begins before 1 January 2009 and subparagraphs a and b do 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
(d) if the taxation year begins after 31 December 2008, 3.4%.
For the purposes of the first paragraph, the base percentage for a calendar year is equal to
(a) 0%, for the calendar year 2005;
(b) 1.4%, for the calendar year 2006 or 2007;
(c) 2.9%, for the calendar year 2008; and
(d) 3.4%, for the calendar year 2009.
