I-3 - Taxation Act

Section 1029.8.116.25 Disposition versions

2015-12-04

1029.8.116.25. The Minister shall determine the amount that an eligible individual is entitled to receive for a particular payment period in respect of the amount deemed under section 1029.8.116.16 to be an overpayment of the individual’s tax payable and shall send the individual a notice of determination in that respect.

The amount determined under the first paragraph is revised, if applicable, for the payment period or the first six months of the year 2016, to subtract from that amount any amount deemed, because of the application of section 1029.8.116.26.3, not to be an overpayment of the eligible individual’s tax payable and a new notice giving an account of that revision is sent by the Minister to the individual.

2011, c. 1, s. 89; 2015, c. 36, s. 137.

2011-02-17

1029.8.116.25. The Minister shall determine the set of amounts that an eligible individual is entitled to receive for each 12-month period that begins on 1 July of each calendar year in respect of the amounts each of which is deemed under section 1029.8.116.16 to be an overpayment of the individual’s tax payable for a taxation year and shall send the individual a notice of determination in that respect.

The set of amounts determined under the first paragraph is revised during the year if a change in circumstances has the effect of changing it and a new notice is sent by the Minister to the eligible individual.

If, before 1 January of a particular taxation year, the Minister sends a notice of determination concerning a set of amounts for the period described in the first paragraph that includes that date, the amount determined by the Minister that is specified in the notice for each of the months following the month of December is deemed to be equal to the amount that would have been determined if, at the time of the determination, section 1029.6.0.6 had been applied for that year in respect of each of the amounts referred to in subparagraphs h.1 and h.2 of the fourth paragraph of that section.

2011, c. 1, s. 89.