Income Tax Act — I-3.3 163
y reference to the person’s claim for the year under that subsection exceeds (ii) the amount that is deemed by that subsection to be paid for the year by the person. (d) the amount, if any, by which (i) the amount that would be deemed by subsection 127.1(1) to be paid for the year by the person if that amount were calculated by reference to the information provided in the return or form filed for the year pursuant to that subsection exceeds (ii) the amount that is deemed by that subsection to be paid for the year by the person, (d.1) the amount, if any, by which (i) the amount that would be deemed by subsection 127.44(2), 127.45(2), 127.48(2), 127.49(2) or 127.491(2), as the case may be, to be paid for the year by the person if that amount were calculated by reference to the information provided in the return or form filed for the year pursuant to that subsection exceeds (ii) the amount that is deemed by subsection 127.44(2), 127.45(2), 127.48(2), 127.49(2) or 127.491(2), as the case may be, to be paid for the year by the person, (e) the amount, if any, by which (i) the amount that would be deemed by subsection 127.41(3) to have been paid for the year by the person if that amount were calculated by reference to the person’s claim for the year under that subsection exceeds (ii) the maximum amount that the person is entitled to claim for the year under subsection 127.41(3), (f) the amount, if any, by which (i) the amount that would be deemed by subsection 125.4(3) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection exceeds (ii) the amount that is deemed by that subsection to be paid for the year by the person, (g) the amount, if any, by which (i) the amount that would be deemed by subsection 125.5(3) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection exceeds (ii) the amount that is deemed by that subsection to be paid for the year by the person, (h) the amount, if any, by which (i) the amount that would be deemed by subsection 125.6(2) or (2.1) to have been paid for the year by the person if that amount were calculated by reference to the information provided in the return filed for the year pursuant to that subsection exceeds (ii) the amount that is deemed by that subsection to be paid for the year by the person, and (i) the amount, if any, by which (i) the amount that would be deemed by any of subsections 125.7(2) to (2.2) to have been an overpayment by the person or partnership if that amount were calculated by reference to the information provided in the application filed pursuant to paragraph (a) of the definition qualifying entity in subsection 125.7(1), paragraph (a) of the definition qualifying renter in subsection 125.7(1) or paragraph (a) of the definition qualifying recovery entity in subsection 125.7(1), as the case may be exceeds (ii) the amount that is deemed by that subsection to be an overpayment by the person or partnership. Interpretation (2.1) For the purposes of subsection 163(2), the taxable income reported by a person in the person’s return for a taxation year shall be deemed not to be less than nil and the understatement of income for a year of a person means the total of (a) the amount, if any, by which (i) the total of all amounts that were not reported by the person in the person’s return and that were required to be included in computing the person’s income for the year exceeds (ii) the total of such of the amounts deductible by the person in computing the person’s income for the year under the provisions of this Act as were wholly applicable to the amounts referred to in subparagraph 163(2.1)(a)(i) and were not deducted by the person in computing the person’s income for the year reported by the person in the person’s return, (b) the amount, if any, by w