English: (A - B) × C where A = the total of: (i) tax payable on the claimant's last acquisition or importation of the property; (ii) tax payable in respect of improvements to the property acquired, imported or brought into a participating province after the property was last acquired or imported; (iii) tax that would have been payable in either of the preceding situations but for subsection 153(4)3 or section 1674 applying or the fact that the property or improvements were acquired by the claimant for consumption, use or supply exclusively in commercial activities; and (iv) tax under section 218 and section 218.1 (tax payable on imported taxable supplies), and Division IV.1 (tax self-assessed on property brought into a participating province from a non-participating province) that the person would have been liable to pay if the property or improvement were not for consumption, use or supply exclusively in the course of commercial activities of the person; B = the total of (i) any tax included in A (above) that the person was exempt from paying under any other Act or law; (ii) all amounts of tax referred to in A(i) and A(ii) above which the claimant was entitled to recover by way of a rebate, refund, or remission or would have been entitled to recover, if the property or improvement had been acquired for use exclusively in activities that are not commercial activities, other than ITCs and amounts referred to in B(i); (iii) the amounts of tax referred to in A(iii) and A(iv) above which the claimant was entitled to recover by way of a rebate, refund, remission or otherwise under this or any other Act or law or would have been entitled to recover if the tax had been payable and the property or improvement had been acquired for use exclusively in activities that were not commercial activities, other than ITCs and amounts referred to in B(i); and C = the lesser of 1, and fair market value at the time the basic tax content is being determined divided by the; consideration payable on the last acquisition + consideration for improvements Example Property Co.
French: B le total des montants suivants : (i) les taxes visées au point A (ci-dessus) que la personne n'avait pas à payer en vertu d'une autre loi ou législation. (ii) tous les montants de taxe, dont il est question aux points A(i) et A(ii) ci-dessus, que le demandeur pouvait récupérer au moyen d'un remboursement ou d'une remise de taxe, ou aurait pu les récupérer si le bien ou les améliorations avaient été acquis pour utilisation exclusive dans le cadre d'activités non commerciales, à l'exception des CTI et des montants dont il est question au point B(i); (iii) les montants de taxe, dont il est question aux points A(iii) et A(iv) ci-dessus, que le demandeur avait le droit de récupérer au moyen d'un remboursement ou d'une remise de taxe en vertu de la Loi, ou d'une autre loi ou législation, ou aurait eu le droit de les récupérer si la taxe avait été payable et si le bien ou les améliorations avaient été acquis pour utilisation exclusive dans le cadre d'activités non commerciales, à l'exception des CTI et des montants dont il est question au point B(i); C 1 ou, s'il est inférieur, le résultat du calcul suivant : juste valeur marchande au moment où la teneur en taxe est établie contrepartie payable pour la dernière acquisition + contrepartie des améliorations