This Bill would amend the Health and Post-Secondary Education Tax Act to increase the remuneration threshold above which tax is imposed to $500,000. For the balance of the 2001 taxation year the threshold would be $475,000.
AN ACT TO AMEND THE HEALTH AND POST-SECONDARY EDUCATION TAX ACT
1. S.3 Amdt.
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
1. Subparagraph 3(1)(d)(i) of the Health and Post-Secondary Education Tax Act is repealed and the following substituted:
(i) with respect to the taxation year beginning on January 1, 2001, remuneration paid in excess of the first $475,000, and with respect to each year following, in excess of the first $500,000 of remuneration, or
©Earl G. Tucker, Queen's Printer