Definition

1 In this regulation, "Act" means the Income Tax Act.

Prescribed amounts for low income climate action tax credit

2 (1)  The amount prescribed for the purposes of paragraphs (a) to (c) of the description of "total credits" in section 8.1 (3) of the Act is

(a) in respect of a specified month for the 2007 taxation year, $100,

(b) in respect of a specified month for the 2008 and 2009 taxation years, $105, and

(c) in respect of a specified month for the 2010 and subsequent taxation years, $115.50.

(2)  The amount prescribed for the purposes of paragraph (d) of the description of "total credits" in section 8.1 (3) of the Act is

(a) in respect of a specified month for the 2007 taxation year, $30,

(b) in respect of a specified month for the 2008 and 2009 taxation years, $31.50, and

(c) in respect of a specified month for the 2010 and subsequent taxation years, $34.50.

[am. B.C. Regs. 32/2010; 183/2010.]