Income Tax Act — I-3.3 125.7
alifying period, May 2019, (xvii) for the seventeenth qualifying period, June 2019, (xviii) for the eighteenth qualifying period, July 2019, (xix) for the nineteenth qualifying period, August 2019, (xx) for the twentieth qualifying period, September 2019, (xxi) for the twenty-first qualifying period, October 2019, (xxii) for the twenty-second qualifying period, November 2019, (xxiii) for the twenty-third qualifying period, December 2019, (xxiv) for the twenty-fourth qualifying period, January 2020, (xxv) for the twenty-fifth qualifying period, February 2020, (xxvi) for the twenty-sixth qualifying period, March 2019, (xxvii) for the twenty-seventh qualifying period, April 2019, and (xxviii) for the twenty-eighth qualifying period, May 2019; (b) January and February 2020, if (i) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities and the qualifying period is any of the first qualifying period to the fourth qualifying period, or (ii) the qualifying period is any of (A) the first qualifying period to the fourth qualifying period and the eligible entity elects for all of the first qualifying period to the third qualifying period, (B) the fifth qualifying period to the qualifying period referred to in paragraph (d) of the definition qualifying period and the eligible entity elects for all of those qualifying periods, (C) the fourteenth qualifying period to the seventeenth qualifying period, if (I) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities, and (II) the eligible entity elects for all of those qualifying periods, or (D) the twenty-sixth qualifying period to the twenty-eighth qualifying period, if (I) on March 1, 2019, the eligible entity was not carrying on business or otherwise carrying on its ordinary activities, and (II) the eligible entity elects for all of those qualifying periods; and (c) for the qualifying period referred to in paragraph (d) of the definition qualifying period , a prescribed period. ( période de référence antérieure ) prior year revenue decline , of an eligible entity means, the average of all percentages each of which would, if the Act were read without reference to subsection 125.7(9) and section 257, be the revenue reduction percentage of the eligible entity for a qualifying period (a) that is any of the first qualifying period to the thirteenth qualifying period (but including only one of the tenth qualifying period or the eleventh qualifying period); and (b) throughout which the eligible entity was (i) carrying on its ordinary activities, or (ii) not carrying on its ordinary activities because of a public health restriction. ( réduction du revenu d’une année antérieure ) public health restriction , in respect of a qualifying property of an eligible entity for a qualifying period, means an order or decision in respect of which the following conditions are met: (a) it is made under a law of Canada or a province, or the authority granted under such a law; (b) it is made in response to the coronavirus disease 2019 (COVID-19) pandemic; (c) it is limited in scope based on one or more factors, such as (i) defined geographical boundaries, (ii) type of business or other activity, or (iii) risks associated with a particular location; (d) non-compliance with the order or decision is a federal or provincial offence or can result in the imposition of an administrative monetary penalty or other sanction by the Government of Canada or a province; (e) it does not result from a violation by the eligible entity – or a party with which the eligible entity does not deal at arm’s length that rents, directly or indirectly, the qualifying property from the eligible entity (referred to in this definition as the “specified tenant”) – of an order or decision that meets the conditions in paragraphs (a) to (d); (f) as a result of the order or decision, some or all of the activities of the eligible