Excise Tax Act — E-15 261.01
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 pension entity for the claim period; and B is the total of all amounts, each of which is an excess pension rebate amount for the claim period in respect of which a portion of the rebate under subsection (2) for the claim period is claimed by the pension entity in accordance with paragraph (3.2)(a). ( solde du montant de remboursement de pension ) Limitation (4) A pension entity shall not make more than one application for a rebate under subsection (2) for any claim period of the pension entity. Election to share rebate — engaged exclusively in commercial activities (5) If a pension entity of a pension plan is a qualifying pension entity on the last day of a claim period of the pension entity, the pension entity makes an election for the claim period jointly with all persons that are, for the calendar year that includes the last day of the claim period, qualifying employers of the pension plan and each of those qualifying employers is engaged exclusively in commercial activities throughout the claim period, each of those qualifying employers may deduct in determining its net tax for the reporting period that includes the day on which the election is filed with the Minister an amount determined by the formula (A + B) × C where A is the pension rebate amount of the pension entity for the claim period; B is the provincial pension rebate amount of the pension entity for the claim period; and C is the percentage specified for the qualifying employer in the election. Election to share rebate — not engaged exclusively in commercial activities (6) If a pension entity of a pension plan is a qualifying pension entity on the last day of a claim period of the pension entity, the pension entity makes an election for the claim period jointly with all persons that are, for the calendar year that includes the last day of the claim period, qualifying employers of the pension plan and any of those qualifying employers is not engaged exclusively in commercial activities throughout the claim period, the following rules apply: (a) an amount (in this subsection referred to as a “shared portion”) shall be determined for the purposes of this section in respect of each of those qualifying employers by the formula A × B × C where A is the pension rebate amount of the pension entity for the claim period, B is the percentage specified for the qualifying employer in the election, and C is (i) in the case where employer contributions were made to the pension plan in the calendar year that immediately precedes the calendar year that includes the last day of the claim period (in this paragraph referred to as the “preceding calendar year”), the amount determined by the formula D/E where D is the total of all amounts, each of which is (A) an employer contribution made by the qualifying employer to the pension plan in the preceding calendar year, or (B) an employee PRPP contribution made by an employee of the qualifying employer to the pension plan in the preceding calendar year, if the qualifying employer made employer contributions to the pension plan in the preceding calendar year, and E is the total of all amounts, each of which is (A) if the pension plan is a registered pension plan, an employer contribution made to the pension plan in the preceding calendar year, or (B) if the pension plan is a pooled registered pension plan, an amount contributed to the pension plan in the preceding calendar year, (ii) in the case where subparagraph (i) does not apply and one or more qualifying employers of the pension plan was the employer of one or more active members of the pension plan in the preceding calendar year, the amount determined by the formula F/G where F is the total number of employees of the qualifying employer in the preceding calendar year who were active members