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I-3 - Taxation Act
Section 771.0.2.5
Disposition versions
771.0.2.5. The percentage that is required to be determined for a taxation year for the purposes of paragraph d.3 of subsection 1 of section 771 in respect of a manufacturing corporation is equal,
(a) if the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year is 50% or more and
i. the taxation year begins before 1 April 2015, to the total of
(1) 3.9%,
(2) the proportion of 2% that the number of days in the taxation year that follow 4 June 2014 but precede 1 April 2015 is of the number of days in the taxation year, and
(3) the proportion of 4% that the number of days in the taxation year that follow 31 March 2015 is of the number of days in the taxation year, or
ii. the taxation year begins after 31 March 2015 but before 1 January 2017, to the total of
(1) the proportion of 7.9% that the number of days in the taxation year that precede 1 January 2017 is of the number of days in the taxation year,
(2) the proportion of 7.8% 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
(3) the proportion of 7.7% that the number of days in the taxation year that follow 31 December 2017 is of the number of days in the taxation year; and
(b) if the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year is less than 50% and
i. the taxation year begins before 1 April 2015, to the total of
(1) 3.9%,
(2) the percentage determined by the formula
A × (C – 25%)/25%, and
(3) the percentage determined by the formula
B × (C – 25%)/25%, or
ii. the taxation year begins after 31 March 2015 but before 1 January 2017, to the total of
(1) 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,
(1.1) 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,
(1.2) the proportion of 3.7% that the number of days in the taxation year that follow 31 December 2017 is of the number of days in the taxation year, and
(2) the percentage determined by the formula
4% × (C – 25%)/25%.
In the formulas in subparagraph b of the first paragraph,
(a) A is the proportion of 2% that the number of days in the taxation year that follow 4 June 2014 but precede 1 April 2015 is of the number of days in the taxation year;
(b) B is the proportion of 4% that the number of days in the taxation year that follow 31 March 2015 is of the number of days in the taxation year; and
(c) C is the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year.
771.0.2.5. The percentage that is required to be determined for a taxation year for the purposes of paragraph d.3 of subsection 1 of section 771 in respect of a manufacturing corporation is equal,
(a) if the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year is 50% or more and
i. the taxation year begins before 1 April 2015, to the total of
(1) 3.9%,
(2) the proportion of 2% that the number of days in the taxation year that follow 4 June 2014 but precede 1 April 2015 is of the number of days in the taxation year, and
(3) the proportion of 4% that the number of days in the taxation year that follow 31 March 2015 is of the number of days in the taxation year, or
ii. the taxation year begins after 31 March 2015, to 7.9%; and
(b) if the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year is less than 50% and
i. the taxation year begins before 1 April 2015, to the total of
(1) 3.9%,
(2) the percentage determined by the formula
A × (C – 25%)/25%, and
(3) the percentage determined by the formula
B × (C – 25%)/25%, or
ii. the taxation year begins after 31 March 2015, to the total of
(1) 3.9%, and
(2) the percentage determined by the formula
4% × (C – 25%)/25%.
In the formulas in subparagraph b of the first paragraph,
(a) A is the proportion of 2% that the number of days in the taxation year that follow 4 June 2014 but precede 1 April 2015 is of the number of days in the taxation year;
(b) B is the proportion of 4% that the number of days in the taxation year that follow 31 March 2015 is of the number of days in the taxation year; and
(c) C is the proportion of the manufacturing or processing activities of the manufacturing corporation for the taxation year.
