22 (1) In determining the amount of tax payable for a taxation year under this Division, an individual who is resident in Ontario on the last day of the year and who has been issued one or more tax credit certificates under the Community Small Business Investment Funds Act, 1992 in respect of the year with respect to investments in shares issued by one or more corporations registered under Part III of that Act, may deduct from the amount of his or her tax otherwise payable for the year a tax credit equal to the lesser of “A” and “B” where, “A” is the sum of the tax credits listed on those tax credit certificates issued in respect of the year, and “B” is the maximum tax credit permitted for the year in respect of investments made by the individual in corporations registered under Part III of that Act.  2007, c. 11, Sched. A, s. 22 (1). Interpretation, maximum tax credit (2) The maximum tax credit permitted for a taxation year in respect of investments made by an individual in corporations registered under Part III of the Community Small Business Investment Funds Act, 1992 is, (a) for the 2009 taxation year, unless otherwise prescribed, the sum of, (i) the lesser of $1,125 and the amount equal to 15 per cent of the equity capital received from the individual during 2009 or during the first 60 days of 2010 by the corporations on the issue of Class A shares, and (ii) the lesser of $375 and the amount equal to 5 per cent of the equity capital received from the individual during 2009 or during the first 60 days of 2010 by the corporations on the issue of Class A shares, if the shares were issued by the corporations as research oriented investment funds under subsection 16.1 (2) of the Community Small Business Investment Funds Act, 1992; (b) for the 2010 taxation year, unless otherwise prescribed, the sum of, (i) the lesser of $750 and the amount equal to 10 per cent of the equity capital received from the individual during 2010 or during the first 60 days of 2011 by the corporations on the issue of Class A shares, and (ii) the lesser of $375 and the amount equal to 5 per cent of the equity capital received from the individual during 2010 or during the first 60 days of 2011 by the corporations on the issue of Class A shares, if the shares were issued by the corporations as research oriented investment funds under subsection 16.1 (2) of the Community Small Business Investment Funds Act, 1992; or (c) for the 2011 taxation year, unless otherwise prescribed, the sum of, (i) the lesser of $375 and the amount equal to 5 per cent of the equity capital received from the individual during 2011 or during the first 60 days of 2012 by the corporations on the issue of Class A shares, and (ii) the lesser of $375 and the amount equal to 5 per cent of the equity capital received from the individual during 2011 or during the first 60 days of 2012 by the corporations on the issue of Class A shares, if the shares were issued by the corporations as research oriented investment funds under subsection 16.1 (2) of the Community Small Business Investment Funds Act, 1992.  2008, c. 7, Sched. S, s. 5. Interpretation (3) For the purposes of subsection (1), the expression “tax otherwise payable” by an individual for a taxation year means the amount of tax that would be payable for the year under this Division if that amount were determined without reference to this section.  2007, c. 11, Sched. A, s. 22 (3). Section Amendments with date in force (d/m/y) 2008, c. 7, Sched. S, s. 5 - 01/01/2008 CTS 18 AU 10 - 1 Subdivision j — Indexing and Rounding