I-3 - Taxation Act

Section 1029.8.61.22 Disposition versions

2019-06-19

1029.8.61.22. The amount to which subparagraph i of subparagraph d of the third paragraph of section 1029.8.61.18 refers is the amount (in section 1029.8.61.22.1 referred to as the “family allowance reduction threshold”), applicable for a particular month included in a taxation year, that is equal to the amount starting at which the total income of an eligible individual for the year who has an eligible spouse for the year, and whose work income for the year is at least equal to the work premium reduction threshold referred to in subparagraph ii of subparagraph b of the second paragraph of section 1029.8.116.5 that is applicable for the year, causes the eligible individual to be deemed to have paid to the Minister an amount equal to zero on account of the eligible individual’s tax payable for the year under the first paragraph of section 1029.8.116.5.

The amount to which subparagraph ii of subparagraph d of the third paragraph of section 1029.8.61.18 refers is the amount (in section 1029.8.61.22.1 referred to as the “family allowance reduction threshold”), applicable for a particular month included in a taxation year, that is equal to the amount starting at which the total income of an eligible individual for the year who does not have an eligible spouse for the year, and whose work income for the year is at least equal to the work premium reduction threshold referred to in subparagraph i of subparagraph b of the second paragraph of section 1029.8.116.5 that is applicable for the year, causes the eligible individual to be deemed to have paid to the Minister an amount equal to zero on account of the eligible individual’s tax payable for the year under the first paragraph of section 1029.8.116.5.

In this section, “eligible individual”, “eligible spouse”, “total income” and “work income” have the meaning assigned by section 1029.8.116.1.

2005, c. 1, s. 257; 2006, c. 13, s. 184; 2019, c. 14, s. 371.

2006-06-13

1029.8.61.22. The amount to which subparagraph i of subparagraph d of the third paragraph of section 1029.8.61.18 refers is the amount, in section 1029.8.61.22.1 referred to as the “child assistance payment reduction threshold”, applicable for a particular month included in a taxation year, that is equal to the amount starting at which the total income of an eligible individual for the year who has an eligible spouse for the year, and whose work income for the year is at least equal to the work premium reduction threshold referred to in subparagraph ii of subparagraph b of the second paragraph of section 1029.8.116.5 that is applicable for the year, causes the eligible individual to be deemed to have paid to the Minister an amount equal to zero on account of the eligible individual’s tax payable for the year under the first paragraph of section 1029.8.116.5.

The amount to which subparagraph ii of subparagraph d of the third paragraph of section 1029.8.61.18 refers is the amount, in section 1029.8.61.22.1 referred to as the “child assistance payment reduction threshold”, applicable for a particular month included in a taxation year, that is equal to the amount starting at which the total income of an eligible individual for the year who does not have an eligible spouse for the year, and whose work income for the year is at least equal to the work premium reduction threshold referred to in subparagraph i of subparagraph b of the second paragraph of section 1029.8.116.5 that is applicable for the year, causes the eligible individual to be deemed to have paid to the Minister an amount equal to zero on account of the eligible individual’s tax payable for the year under the first paragraph of section 1029.8.116.5.

In this section, “eligible individual”, “eligible spouse”, “total income” and “work income” have the meaning assigned by section 1029.8.116.1.

2005, c. 1, s. 257; 2006, c. 13, s. 184.

2006-03-01

1029.8.61.22. Where the amounts of $42,800 and $31,600 referred to in subparagraph d of the third paragraph of section 1029.8.61.18 are to be used for the purpose of computing an amount in respect of a child assistance payment for a particular month included in a taxation year subsequent to the taxation year 2005, each of those amounts shall be replaced by the amount determined by the formula

A (B - C) + B.

In the formula provided for in the first paragraph,

(a)  A is 2.5 where the formula is applied to determine the amount that is to replace the amount provided for in subparagraph i of subparagraph d of the third paragraph of section 1029.8.61.18, and 3 where it is applied to determine the amount that is to replace the amount provided for in subparagraph ii of that subparagraph d;

(b)  B is

i.  the amount determined for the year in replacement of the amount provided for in subparagraph ii of subparagraph c of the second paragraph of section 1029.8.116.5, where the formula is applied to determine the amount that is to replace the amount provided for in subparagraph i of subparagraph d of the third paragraph of section 1029.8.61.18, or

ii.  the amount determined for the year in replacement of the amount provided for in subparagraph i of subparagraph c of the second paragraph of section 1029.8.116.5, where the formula is applied to determine the amount that is to replace the amount provided for in subparagraph ii of subparagraph d of the third paragraph of section 1029.8.61.18; and

(c)  C is $3,600 where the formula is applied to determine the amount that is to replace the amount provided for in subparagraph i of subparagraph d of the third paragraph of section 1029.8.61.18, and $2,400 where it is applied to determine the amount that is to replace the amount provided for in subparagraph ii of that subparagraph d.

2005, c. 1, s. 257.