Indexed benchmark revenue
33.6 (1) The amount of a housing provider’s indexed benchmark revenue for a fiscal year in respect of its housing projects in the service area is,  H – I + J in which, “H” is the amount of the provider’s indexed benchmark revenue for market rents for the fiscal year in respect of its housing projects in the service area, “I” is the amount of the provider’s indexed benchmark vacancy loss for the fiscal year in respect of its housing projects in the service area, and “J” is the total amount of the provider’s benchmarked non-rental revenue for the fiscal year in respect of its housing projects in the service area, as determined by the Minister under section 104 of the Act. O. Reg. 535/07, s. 4. (2) The amount of a housing provider’s indexed benchmark revenue for market rents for a fiscal year in respect of its housing projects in the service area is the amount determined as follows: 1. Express as a decimal number the market rent index applicable in the fiscal year to the provider’s housing projects in the service area, as determined under subsection 33.7 (1). 2. Add one to the number determined under paragraph 1. 3. Multiply the provider’s indexed benchmark revenue for market rents for the prior fiscal year by the number determined under paragraph 2. O. Reg. 535/07, s. 4. (3) Despite subsection (2), for a housing provider that is not subject to the Act on September 6, 2007, the amount of the provider’s indexed benchmark revenue for market rents for a fiscal year in respect of its housing projects in the service area is, (a) for the first fiscal year that the provider is subject to the Act, the provider’s benchmark revenue for market rents, as determined by the Minister under section 104 of the Act; (b) for the next year, the amount determined by finding the product of, (i) the provider’s benchmark revenue for market rents, as determined by the Minister under section 104 of the Act, and (ii) the sum of one and the market rent index applicable for the fiscal year to a housing provider’s housing projects in the service area, as determined under subsection 33.7 (1), expressed as a decimal number; and (c) for each subsequent year, the amount determined in accordance with subsection (2). O. Reg. 535/07, s. 4. (4) The amount of a housing provider’s indexed benchmark vacancy loss for a fiscal year in respect of its housing projects in the service area is the amount determined by, (a) for the fiscal year commencing in 2008, (i) expressing as a decimal number the market rent index applicable in the fiscal year to a housing provider’s housing projects in the service area, as determined under subsection 33.7 (1), (ii) adding one to the number determined under subclause (i), and (iii) multiplying the provider’s benchmark vacancy loss, as determined by the Minister under section 104 of the Act, by the number determined under subclause (ii); and (b) for a fiscal year commencing in 2009 or later, (i) expressing as a decimal number the market rent index applicable in the fiscal year to a housing provider’s housing projects in the service area, as determined under subsection 33.7 (1), (ii) adding one to the number determined under subclause (i), and (iii) multiplying the provider’s indexed benchmark vacancy loss for the prior fiscal year by the number determined under subclause (ii). O. Reg. 535/07, s. 4. (5) Despite subsection (4), for a housing provider that is not subject to the Act on September 6, 2007, the amount of the provider’s indexed benchmark vacancy loss for a fiscal year in respect of its housing projects in the service area is, (a) for the first fiscal year that the provider is subject to the Act, the provider’s benchmark vacancy loss, as determined by the Minister under section 104 of the Act; (b) for the next year, the amount determined in accordance with clause (4) (a); and (c) for each subsequent year, the amount determined in accordance with clause (4) (b). O. Reg. 535/07, s. 4.