73 (1) For the purposes of the definition of “E” in subsection 72 (1), a financial institution’s small business investment tax credit for a taxation year is such amount as the institution may claim that does not exceed the lesser of,  (a) the amount of its tax earn-back account for the year; and (b) the amount of its small business investment tax credit account for the year, as determined under section 74.  2007, c. 11, Sched. A, s. 73 (1). Tax earn-back account (2) For the purposes of subsection (1), the amount of a financial institution’s tax earn-back account for a taxation year is the amount, if any, by which “A” exceeds “B” where, “A” is the sum of its eligible tax for the year and, subject to subsection (3), its three previous taxation years, plus the sum of all small business investment tax credit repayments, if any, under subsection 66.1 (12) of the Corporations Tax Act or section 79 of this Act for its three previous taxation years, and “B” is the sum of all small business investment tax credits claimed by the financial institution under subsection 66.1 (2) of the Corporations Tax Act or subsection (1) in its three previous taxation years that were allowed as deductions from amounts included by the financial institution in computing its tax earn-back account for the year.  2007, c. 11, Sched. A, s. 73 (2). Computation of amount (3) In computing the amount described in the definition of “A” in subsection (2) for a taxation year, a financial institution may include an amount in respect of its eligible tax for the third taxation year before the year only to the extent that, (a) the institution has included tax credit amounts under clause 66.1 (4) (a) of the Corporations Tax Act
or in the calculation of “A” in subsection 74 (1) in computing its small business investment tax credit account for the year in respect of investments made before December 31 of the calendar year ending in the taxation year; and (b) the sum of the tax credit amounts referred to in clause (a) exceeds the amount of all small business investment tax credits that were claimed by the financial institution under subsection 66.1 (2) of the Corporations Tax Act or subsection (1) for a previous taxation year.  2007, c. 11, Sched. A, s. 73 (3). Eligible tax (4) The amount of a financial institution’s eligible tax for a taxation year for the purposes of subsection (3) is the amount calculated using the formula, (A – B) × (C × D × 0.2) in which, “A” is the amount of the adjusted taxable paid-up capital of the financial institution for the year as determined under this Division or Division B.1 of Part III of the Corporations Tax Act, as the case may be, “B” is the financial institution’s basic capital amount for the year as determined under subsection 72 (3), “C” is the financial institution’s Ontario allocation factor for the year, and “D” is the sum of, (a) 0.675 per cent multiplied by the ratio of the number of days in the year that are before January 1, 2010 to the total number of days in the year, and (b) 0.45 per cent multiplied by the ratio of the number of days in the year that are after December 31, 2009 and before July 1, 2010 to the total number of days in the year. 2007, c. 11, Sched. A, s. 73 (4); 2008, c. 7, Sched. S, s. 19. Section Amendments with date in force (d/m/y) 2008, c. 7, Sched. S, s. 19 - 01/01/2008