103.10 (1) This section and sections 103.11 and 103.13 govern the determination of the amount, if any, of an individual’s Ontario energy and property tax credit for a month if the individual is a senior at the end of the applicable base taxation year.  2011, c. 9, Sched. 40, s. 6. Eligibility (2) Subsection 103.9 (2) applies to determine whether the senior is eligible for an Ontario energy and property tax credit for a particular month.  2011, c. 9, Sched. 40, s. 6. Amount for seniors (3) Subject to subsection (6), if the eligible individual is a senior at the end of the applicable base taxation year, the amount of his or her Ontario energy and property tax credit for the month is the amount calculated using the formula, [(F + M) – 0.02 × (N – P)]/12 in which, “F” has the same meaning as in subsection 103.9 (3), “M” is the individual’s property tax amount equal to the least of, (a) $825, (b) the individual’s occupancy cost for the base taxation year, and (c) the sum of, (i) the lesser of $425 and the individual’s occupancy cost for the base taxation year, and (ii) an amount equal to 10 per cent of the individual’s occupancy cost for the base taxation year, “N” is, (a) the greater of $25,000 and the individual’s adjusted income for the base taxation year, if the individual does not have a qualified relation or a qualified dependant for the month, or (b) the greater of $30,000 and the individual’s adjusted income for the base taxation year, if the individual has a qualified relation, a qualified dependant or both for the month, and “P” is, (a) $25,000, if the individual does not have a qualified relation or a qualified dependant for the month, or (b) $30,000, if the individual has a qualified relation, a qualified dependant or both for the month. 2011, c. 9, Sched. 40, s. 6. Same, senior who is shared-custody parent (4) Despite subsection (3), if an eligible individual who is a senior at the end of the applicable base taxation year is a shared-custody parent in respect of a qualified dependant for the particular month and did not have any other qualified dependants or a qualified relation for the month, the amount of his or her Ontario energy and property tax credit for the month is the amount that would be determined under subsection (3) if the definitions of “N” and “P” in that subsection read as follows: “N” is the amount determined by the formula, (Q + R)/2 in which, “Q” is the greater of $25,000 and the individual’s adjusted income for the base taxation year, and “R” is the greater of $30,000 and the individual’s adjusted income for the base taxation year, and “P” is $27,500. 2011, c. 9, Sched. 40, s. 6. Seniors’ income threshold (5) Despite subsection (3), if the amount referred to in clause (b) of the definition of “N” in subsection (3) for the base taxation year (as adjusted under section 23 for a base taxation year after 2010) is less than the seniors’ income threshold for that base taxation year, (a) the amount referred to in clause (b) of the definition of “N” in subsection (3), the amount of clause (b) of the definition of “P” in subsection (3) and the amount referred to in the definition of “R” in subsection (4) shall be read as if they referred to the amount of the seniors’ income threshold; and (b) the amount of the definition of “P” in subsection (4) shall be read as the average of, (i) the amount referred to in the definition of “Q” in subsection (4) (as adjusted under section 23 for a base taxation year after 2010), and (ii) the amount of the seniors’ income threshold.  2011, c. 9, Sched. 40, s. 6. Reduction in tax credit (6) If an individual who is a senior at the end of the applicable base taxation year receives a grant under section 104.1 for the base taxation year, the amount determined in respect of the senior for a particular month under subsection (3) is reduced by one-twelfth of the amount, if any, of the amount by which the sum of “S” and “T” exceeds “U” where, “S” is the amount, if any, by which 12 times the amount determined in respect of the senior under subsection (3) before the application of this subsection exceeds the amount of “F” in subsection (3), “T” is the amount of the grant under section 104.1 which the senior received for the taxation year immediately following the base taxation year, and “U” is the amount of the individual’s occupancy cost for the base taxation year, as determined for the purposes of this Part.  2011, c. 9, Sched. 40, s. 6; 2014, c. 7, Sched. 29, s. 12. Section Amendments with date in force (d/m/y) 2011, c. 9, Sched. 40, s. 6 - 12/05/2011 2014, c. 7, Sched. 29, s. 12 - 12/05/2011