hordruma/ontario_laws_and_regs huggingface dataset:
2.1.1 (1) For each five-year period beginning with the period consisting of the years 2029 to 2033, the amount of “A” that is referred to in subsection 2.1 (2) shall be adjusted to the amount calculated using the formula, X + [X × (Y/Z – 1)] in which, “X” is $1,000,000 for a year in the five-year period consisting of the years 2029 to 2033 and, for a year in each succeeding five-year period, is the amount that would have been the amount of “A” used for the preceding five-year period if it was not rounded to the nearest ten-thousand under subsection (3), “Y” is the Consumer Price Index for the 12-month period that ended on September 30 of the year immediately preceding the first year in the five-year period, and “Z” is the Consumer Price Index for the 12-month period ending on September 30 that is five years preceding the 12-month period in the description of “Y”. 2020, c. 36, Sched. 11, s. 2 (1). (1.1) Repealed: 2020, c. 36, Sched. 11, s. 2 (2). Rounding (2) For the purposes of subsection (1), the amount of “(Y/Z – 1)” shall be rounded to the nearest one-thousandth or, if the result obtained is equidistant between two consecutive one-thousandths, to the higher one-thousandth. 2013, c. 15, s. 3. Same (3) The amount of “A” that is referred to in subsection 2.1 (2), as adjusted under this section, shall be rounded to the nearest ten-thousand or, if the result obtained is equidistant between two consecutive ten-thousands, to the higher ten-thousand. 2013, c. 15, s. 3. Consumer price index (4) In this Act, the Consumer Price Index for any 12-month period is the result arrived at by, (a) determining the sum of the Consumer Price Index for Ontario as published by Statistics Canada under the authority of the Statistics Act (Canada), adjusted in the prescribed manner, for each month in that period; (b) dividing the sum obtained under clause (a) by 12; and (c) rounding the result obtained under clause (b) to the nearest one-thousandth or, if the result obtained is equidistant between two consecutive one-thousandths, to the higher one-thousandth. 2013, c. 15, s. 3. Section Amendments with date in force (d/m/y) 2013, c. 15, s. 3
- 12/12/2013 2020, c. 5, Sched. 1, s. 2 - 25/03/2020; 2020, c. 36, Sched. 11, s. 2 (1, 2) - 08/12/2020
6 (1) If the return required to be delivered by a taxpayer under this Act is delivered within four years from the day the return is required to be delivered under section 5, (a) the Minister may refund the amount of any overpayment made on account of the tax payable under this Act for the year whether or not the taxpayer has requested the refund; and (b) the Minister shall refund the amount the Minister determines under subsection 8 (1) to be an overpayment made on account of the tax payable under this Act for the year if the taxpayer applies in writing to the Minister for the refund within four years after the day on which the return was required to be delivered under section 5.  2001, c. 23, s. 75. Application to other liability (2) Instead of making a refund under subsection (1), the Minister may, where the taxpayer is liable or is about to become liable to make a payment under this Act or under any other Act administered by the Minister, apply the amount of the overpayment to the liability and in such case the Minister shall notify the taxpayer that such action was taken.  R.S.O. 1990, c. E.11, s. 6 (2); 1994, c. 8, s. 6 (2). Section Amendments with date in force (d/m/y) 1994, c. 8, s. 6 (1, 2) - 01/01/1993 2001, c. 23, s. 75
- 05/12/2001 Interest