Income Tax Act — I-3.3 125.7
2020, and (ii) in any other case, the last three calendar months that ended prior to the prior reference period for the qualifying period; (b) for any of the eighth qualifying period to the tenth qualifying period, the greater of (i) the result (expressed as a percentage) of the formula in paragraph (a), and (ii) the revenue reduction percentage of the eligible entity for the qualifying period; and (c) for the eleventh qualifying period and each subsequent qualifying period, the eligible entity’s revenue reduction percentage for the qualifying period. ( pourcentage compensatoire de baisse de revenue ) total base period remuneration , of an eligible entity, means the total of all amounts, each of which is for an eligible employee in respect of a week in the fourteenth qualifying period, equal to the least of (a) $1,129, (b) the eligible remuneration paid to the eligible employee in respect of the week, (c) if the eligible employee does not deal at arm’s length with the eligible entity in the qualifying period, the baseline remuneration in respect of the eligible employee determined for that week, and (d) if the eligible employee is on leave with pay in the week, nil. ( rémunération totale de la période de base ) total current period remuneration , of an eligible entity for a qualifying period, means the total of all amounts, each of which is for an eligible employee in respect of a week in the qualifying period, equal to the least of (a) $1,129, (b) the eligible remuneration paid to the eligible employee in respect of the week, (c) if the eligible employee does not deal at arm’s length with the eligible entity in the qualifying period, the baseline remuneration in respect of the eligible employee determined for that week, and (d) if the eligible employee is on leave with pay in the week, nil. ( rémunération totale de la période actuelle ) COVID-19 — wage subsidy (2) For a qualifying entity for a qualifying period, an overpayment on account of the qualifying entity’s liability under this Part for the taxation year in which the qualifying period ends is deemed to have arisen during the qualifying period in an amount determined by the formula A − B − C + D where A is the total of all amounts, each of which is for an eligible employee in respect of a week in the qualifying period, (a) if the qualifying period is described in any of paragraphs (a) to (c.1) of the definition qualifying period in subsection (1), equal to the greater of (i) the least of (A) 75% of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) $847, and (C) if the eligible employee does not deal at arm’s length with the qualifying entity in the qualifying period, nil, and (ii) the least of (A) the amount of eligible remuneration paid to the eligible employee by the qualifying entity in respect of that week, (B) 75% of baseline remuneration in respect of the eligible employee determined for that week, and (C) $847, and (b) if the qualifying period is described in any of paragraphs (c.2) to (d) of the definition qualifying period in subsection (1), (i) if the eligible employee is not on leave with pay for that week and the qualifying period is described in paragraph (c.2) or (c.3) of the definition qualifying period in subsection (1), the greater of (A) an amount equal to (I) nil, if the revenue reduction percentage of the qualifying entity for the qualifying period is less than 30%, and (II) in any other case, the greater of the amount determined under subparagraph (a)(i) and the amount determined under subparagraph (a)(ii), and (B) the amount determined by the formula in subparagraph (ii), (ii) if the eligible employee is not on leave with pay for that week and the qualifying period is described in any of paragraphs (c.4) to (d) of the definition qualifying period in subsection (1), the amount determined by the formula (E + F) × G where E is the qualifying entity’s base percentage for the qualifying period, F i