I-3 - Taxation Act

Section 1029.8.61.101 Disposition versions

2019-06-19

1029.8.61.101. An eligible individual for a taxation year is deemed to have paid to the Minister, on the individual’s balance-due day for that year, on account of the individual’s tax payable under this Part for that taxation year, an amount equal to 20% of the amount by which $250 is exceeded by the aggregate of all amounts each of which is an amount paid in the year by the individual, or by the person who is the individual’s spouse at the time of payment, for the acquisition or rental, including installation costs, of a qualified property intended for use in the individual’s principal place of residence.

An eligible individual may be deemed to have paid to the Minister an amount under the first paragraph for a taxation year only if the individual files with the Minister, together with the fiscal return the individual is required to file under section 1000 for the year, or would be required to file if tax were payable under this Part by the individual for the year, a receipt or other voucher for the amounts mentioned in the first paragraph.

2013, c. 10, s. 141; 2015, c. 21, s. 481; 2019, c. 14, s. 389.

2015-10-21

1029.8.61.101. An eligible individual for a taxation year is deemed to have paid to the Minister, on the individual’s balance-due day for that year, on account of the individual’s tax payable under this Part for that taxation year, an amount equal to 20% of the amount by which $500 is exceeded by the aggregate of all amounts each of which is an amount paid in the year by the individual, or by the person who is the individual’s spouse at the time of payment, for the acquisition or rental, including installation costs, of a qualified property intended for use in the individual’s principal place of residence.

An eligible individual may be deemed to have paid to the Minister an amount under the first paragraph for a taxation year only if the individual files with the Minister, together with the fiscal return the individual is required to file under section 1000 for the year, or would be required to file if tax were payable under this Part by the individual for the year, a receipt or other voucher for the amounts mentioned in the first paragraph.

2013, c. 10, s. 141; 2015, c. 21, s. 481.

2013-06-05

1029.8.61.101. An eligible individual for a taxation year is deemed to have paid to the Minister, on the individual’s balance-due day for that year, on account of the individual’s tax payable under this Part for that taxation year, an amount equal to 20% of the amount by which $500 is exceeded by the aggregate of all amounts each of which is an amount the individual paid in the year for the acquisition or rental, including installation costs, of a qualified property intended for use in the individual’s principal place of residence.

An eligible individual may be deemed to have paid to the Minister an amount under the first paragraph for a taxation year only if the individual files with the Minister, together with the fiscal return the individual is required to file under section 1000 for the year, or would be required to file if tax were payable under this Part by the individual for the year, a receipt or other voucher for the amounts mentioned in the first paragraph.

2013, c. 10, s. 141.