Excise Tax Act — E-15 261.01
of an election made under that subsection for the claim period, and D is the percentage specified for the qualifying employer in the election, or (b) determined under paragraph (6)(a) in respect of a qualifying employer as a consequence of an election made under subsection (6) for the claim period. Application for rebate (3) A rebate under subsection (2) shall not be paid for a claim period of a pension entity, unless the pension entity files an application for the rebate within two years after the day that is (a) if the pension entity is a registrant, the day on or before which the pension entity is required to file a return under Division V for the claim period; and (b) in any other case, the last day of the claim period. Application for rebate — pension rebate amount election (3.1) An application for a rebate under subsection (2) for a claim period of a pension entity shall indicate the total of all amounts, each of which is an eligible amount of the pension entity for the claim period (other than an eligible amount in respect of which a portion of the rebate is claimed by the pension entity in accordance with paragraph (3.2)(a)) (a) that is described in paragraph (b) of the definition eligible amount in subsection (1); and (b) that the pension entity elects to include in the determination of the pension rebate amount of the pension entity for the claim period. Separate claims for a claim period (3.2) If an eligible amount of a pension entity for a claim period of the pension entity is an amount of tax that is deemed to have been paid under subparagraph 172.1(8.01)(b)(i), or to have become payable under section 172.11, the following rules apply: (a) the portion of the rebate under subsection (2) for the claim period that is in respect of the excess pension rebate amount for the claim period in respect of the eligible amount may, despite subsection (4), be claimed in an application separate from the pension entity’s application for the portion of that rebate that is in respect of the remaining pension rebate amount for the claim period provided that the application for the portion of that rebate that is in respect of that excess pension rebate amount is filed by the pension entity after the beginning of the pension entity’s fiscal year that includes the claim period and not later than (i) if the pension entity is a registrant, the day on or before which the pension entity is required to file the return under Division V for the claim period, or (ii) in any other case, the last day of the claim period; and (b) a particular election under subsection (5) or (6) for the claim period that is in respect of the excess pension rebate amount for the claim period in respect of the eligible amount may be made separately from an election under subsection (5) or (6), as the case may be, that is in respect of the remaining pension rebate amount for the claim period provided that the portion of the rebate under subsection (2) for the claim period that is in respect of that excess pension rebate amount is claimed by the pension entity in a separate application that is filed in accordance with paragraph (a) and the particular election is filed at the same time that the application is filed. Definitions (3.3) The following definitions apply in this subsection and subsection (3.2). excess pension rebate amount for a claim period of a pension entity means, in respect of an amount of tax deemed to have been paid under subparagraph 172.1(8.01)(b)(i), or to have become payable under section 172.11, by the pension entity during the claim period, the amount that would be the pension rebate amount of the pension entity for the claim period if the amount of tax were the only eligible amount of the pension entity for the claim period. ( excédent du montant de remboursement de pension ) remaining pension rebate amount for a claim period of a pension entity means the amount determined by the formula A − B where A is the pension rebate amount of the pensio