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(5) Paragraph (c) of the description of B
in subsection 118(1) of the Act is replaced by
the following:
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Single status
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(6) The portion of paragraph (d) of the
description of B in subsection 118(1) of the
Act after subparagraph (ii) is replaced by
the following:
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$7,131 - E
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(7) Subsections (1), (2), (5) and (6) apply
to the 1999 and subsequent taxation years
except that, in their application to the 1999
taxation year, the references to ``$7,131'',
``$6,055'', ``$606'' and ``$4,778'' in
subparagraphs (a)(i) and (ii) and (b)(iii) and
(iv) and paragraphs (c) and (d) of the
description of B in subsection 118(1) of the
Act, as enacted or amended by those
subsections, as the case may be, shall be
read as references to ``$6,794'', ``$5,718'',
``$572'' and ``$4,441'', respectively.
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(8) Subsection (3) applies to the 1999
taxation year.
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(9) Subsection (4) applies to the 2000 and
subsequent taxation years.
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25. (1) Paragraph (b) of the description of
D in subsection 118.2(1) of the Act is
replaced by the following:
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(2) Subparagraph 118.2(2)(b.1)(ii) of the
Act is replaced by the following:
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(3) Subsection 118.2(2) of the Act is
amended by adding the following after
paragraph (b.1):
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(4) Subsection 118.2(2) of the Act is
amended by adding the following after
paragraph (l.8):
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(5) Subsections (1) to (4) apply to the 1999
and subsequent taxation years except that,
in its application to the 1999 taxation year,
paragraph (b) of the description of D in
subsection 118.2(1) of the Act, as enacted by
subsection (1), shall be read as follows:
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26. (1) Paragraph (a) of the description of
C in section 118.8 of the Act is replaced by
the following:
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(2) Subsection (1) applies to the 2000 and
subsequent taxation years.
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27. (1) Section 120 of the Act is amended
by adding the following after subsection
(2.1):
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Amount
deemed paid
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(2.2) An individual is deemed to have paid
on the last day of a taxation year, on account
of the individual's tax under this Part for the
year, an amount equal to the individual's
income tax payable for the year to an
Aboriginal government pursuant to a law of
that government made in accordance with a
tax sharing agreement between that
government and the Government of Canada.
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(2) The portion of subsection 120(3) of the
Act before paragraph (a) is replaced by the
following:
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Definition of
``the
individual's
income for the
year''
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(3) For the purpose of this section , ``the
individual's income for the year'' means
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(3) Subsection 120(3) of the Act is
amended by striking out the word ``and'' at
the end of paragraph (a), by adding the
word ``and'' at the end of paragraph (b) and
by adding the following after paragraph
(b):
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(4) The definition ``tax otherwise payable
under this Part'' in subsection 120(4) of the
Act is replaced by the following:
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``tax
otherwise
payable under
this Part'' « impôt qu'il est par ailleurs tenu de payer en vertu de la présente partie » ou « impôt payable par ailleurs en vertu de la présente partie »
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``tax otherwise payable under this Part'' by an
individual for a taxation year means the
total of
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(5) Subsection (1) applies to the 1999 and
subsequent taxation years.
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(6) Subsections (2) to (4) apply to the 2000
and subsequent taxation years.
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28. (1) Section 120.1 of the Act is
repealed.
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(2) Subsection (1) applies to the 1998 and
subsequent taxation years.
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29. (1) The portion of subsection 120.2(1)
of the Act before paragraph (a) is replaced
by the following:
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Minimum tax
carry-over
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120.2 (1) There may be deducted from the
amount that, but for this section, section 120
and subsection 120.4(2) , would be an
individual's tax payable under this Part for a
particular taxation year such amount as the
individual claims not exceeding the lesser of
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(2) Subparagraph 120.2(1)(b)(i) of the
Act is replaced by the following:
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(3) Paragraph 120.2(3)(b) of the Act is
replaced by the following:
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(4) Subsections (1) to (3) apply to the 2000
and subsequent taxation years.
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30. (1) The Act is amended by adding the
following after section 120.3:
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Lump-sum Payments |
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Definitions
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120.31 (1) The definitions in subsection
110.2(1) apply in this section.
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Addition to
tax payable
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(2) There shall be added in computing an
individual's tax payable under this Part for a
particular taxation year the total of all
amounts each of which is the amount, if any,
by which
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exceeds
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Notional tax
payable
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(3) For the purpose of subsection (2), an
individual's notional tax payable for an
eligible taxation year, calculated for the
purpose of computing the individual's tax
payable under this Part for a taxation year (in
this subsection referred to as ``the year of
receipt'') in which the individual received a
qualifying amount, is the total of
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