NEWFOUNDLAND AND LABRADOR
REGULATION 122/07

Low Income Tax Reduction Regulations
under the
Income Tax Act, 2000
(O.C. 2007-480)

(Filed December 5, 2007)

Under the authority of section 21.1 of the Income Tax Act, 2000 the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John's, December 3, 2007.

Gary Norris
Clerk of the Executive Council

REGULATIONS

Analysis

        1.   Short title

        2.   Definitions

        3.   Low Income Tax Reduction amounts

        4.   Commencement

Short title

        1. These regulations may be cited as the Low Income Tax Reduction Regulations.

Definitions

        2. In these regulations "Act" means the Income Tax Act, 2000.

Low Income Tax Reduction amounts

        3. For the purpose of the Act, for the 2007 taxation year

             (a)  the amount referred to in paragraph 21.1(2.1)(a) is $464; and

             (b)  the amount referred to in paragraph 21.1(2.1)(b) is $593.

Commencement

        4. These regulations are considered to have come into force on January 1, 2007.

©Earl G. Tucker, Queen's Printer