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, and

(b) in respect of a specified month for the 2008 taxation year, $105.

(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, and

(b) in respect of a specified month for the 2008 taxation year, $31.50.