Income Tax Act — I-3.3 122.5
ction (3.001), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.001), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. Additional deemed payment — shared-custody parent (3.03) Notwithstanding subsection (3.002), if an eligible individual is a shared-custody parent (within the meaning assigned by section 122.6, but with the words qualified dependant in that section having the meaning assigned by subsection (1) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.002) to have been paid during the specified month is equal to the amount determined by the following formula: 0.5 × (A + B) where A is the amount determined by the formula in subsection (3.002), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.002), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. January 2023 payment – shared-custody parent (3.04) Notwithstanding subsection (3.003), if an eligible individual is a shared-custody parent (as defined in section 122.6, but with the term “qualified dependant” in that section having the meaning assigned by subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.003) to have been paid during the specified month is equal to the amount determined by the formula 0.5 × (A + B) where A is the amount determined by the formula in subsection (3.003), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.003), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. January 2026 payment — shared-custody parent (3.05) Notwithstanding subsection (3.004), if an eligible individual is a shared-custody parent (as defined in section 122.6, with reference to the term “qualified dependant” read as a reference to that term as defined in subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.004) to have been paid during the specified month is equal to the amount determined by the formula 0.5 × (A + B) where A is the amount determined by the formula in subsection (3.004), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.004), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. July 2026 to April 2031 payments — shared-custody parent (3.06) Notwithstanding subsection (3.005), if an eligible individual is a shared-custody parent (as defined in section 122.6, with reference to the term “qualified dependant” read as a reference to that term as defined in subsection (1)) in respect of one or more qualified dependants at the beginning of a month, the amount deemed by subsection (3.005) to have been paid during the specified month is equal to the amount determined by the formula 0.5 × (A + B) where A is the amount determined by the formula in subsection (3.005), calculated without reference to this subsection; and B is the amount determined by the formula in subsection (3.005), calculated without reference to this subsection and subparagraph (b)(ii) of the definition eligible individual in section 122.6. When advance payment applies (3.1) Subsection (3.2) applies in respect of an eligible individual in relation to a particular month specified for a taxation year, and each subsequent month specified for the taxation year, if (a) the amount deemed by that subsection to have been paid by the eligible individual during the particular month specified for the taxation year is less than $50; and (b) it is reasonable