This is an official version. Copyright © 2011: Queen's Printer, Important Information
Statutes of Newfoundland and Labrador 2011 1. S.17.2 Added 2. S.23 Amdt. 3. Commencement Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2000 cI-1.1 1. The Income Tax Act, 2000 is amended by adding immediately after section 17.1 the following: Child care credit 17.2 For the purpose of computing the tax payable under this Part for a taxation year, there may be deducted an amount determined by the formula: A x B where A is the appropriate percentage for the year; and B is an amount that is deducted in computing the taxpayers income for the year under section 63 of the federal Act. 2. Subsection 23(2) of the Act is amended by adding immediately after paragraph (b.2) the following: (b.3) section 17.2; Commencement 3. This Act is considered to have come into force on January 1, 2011. ©Queen's Printer |