Income Tax Act — I-3.3 125.7
ible entity — generally from the sale of goods, the rendering of services and the use by others of resources of the eligible entity — in Canada in the particular period, subject to the following: (a) in the case of an eligible entity described in paragraph (c) of the definition eligible entity , (i) it includes revenue from a related business (as defined in subsection 149.1(1)), gifts and other amounts received in the course of its ordinary activities, and (ii) notwithstanding subparagraph (i), the eligible entity may elect to exclude funding received from government sources in the determination of its qualifying revenue for all of its prior reference periods and current reference periods; (b) in the case of an eligible entity described in paragraph (d) of the definition eligible entity , (i) it includes membership fees and other amounts received in the course of its ordinary activities, and (ii) notwithstanding subparagraph (i), the eligible entity may elect to exclude funding received from government sources in the determination of its qualifying revenue for all of its prior reference periods and current reference periods; (b.1) in the case of an eligible entity prescribed in paragraph (f) of the definition eligible entity that would be described in paragraph (c) or (d) of that definition if it were not a public institution, subparagraphs (a)(i) and (ii) apply to an eligible entity that would be described in paragraph (c) of that definition and subparagraphs (b)(i) and (ii) apply to an eligible entity that would be described in paragraph (d) of that definition; (c) it excludes, for greater certainty, extraordinary items; (d) it excludes amounts derived from persons or partnerships not dealing at arm’s length with the eligible entity; and (e) it excludes, for greater certainty, deemed overpayments under subsection (2) and deemed remittances under subsection 153(1.02). ( revenu admissible ) qualifying tourism or hospitality entity , for a qualifying period, has the meaning assigned by regulation. ( entité touristique ou d’accueil admissible ) recovery wage subsidy rate , for a qualifying period, means (a) for any of the seventeenth qualifying period to the nineteenth qualifying period, 50%; (b) for the twentieth qualifying period, 40%; (c) for the twenty-first qualifying period, 30%; and (d) for any of the twenty-second qualifying period and subsequent qualifying periods, 50% or a percentage determined by regulation for the qualifying period. ( taux de subvention salariale de relance ) rent subsidy percentage , of an eligible entity for a qualifying period, means (a) if the qualifying period is any of the eighth qualifying period to the seventeenth qualifying period, (i) if the eligible entity’s revenue reduction percentage is greater than or equal to 70%, 65%, (ii) if the eligible entity’s revenue reduction percentage is greater than or equal to 50%, but less than 70%, the percentage determined by the formula 40% + (A − 50%) × 1.25 where A is the eligible entity’s revenue reduction percentage, and (iii) if the eligible entity’s revenue reduction percentage is less than 50%, the percentage determined by the formula 0.8 × B where B is the eligible entity’s revenue reduction percentage; (a.1) if the qualifying period is any of the eighteenth qualifying period to the twenty-eighth qualifying period, the percentage determined by the formula A + B where A is the eligible entity’s base percentage for the qualifying period, and B is the eligible entity’s top-up percentage for the qualifying period; and (b) for a qualifying period after the twenty-eighth qualifying period, a percentage determined by regulation in respect of the eligible entity or, if there is no percentage determined by regulation for the qualifying period, nil. ( pourcentage de subvention pour le loyer ) rent top-up percentage , of an eligible entity in respect of a qualifying property for a qualifying period, means the percentage determined by the formula A × B ÷ C