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Newfoundland and Labrador
Low Income Tax Reduction Regulations (Filed March 22, 2016) Under the authority of sections 21.1 and 68 of the Income Tax Act, 2000 the Lieutenant-Governor in Council makes the following regulations. Dated at Julia Mullaley REGULATIONS Analysis 1. Short title 2. Definition 3. Low income tax reduction amounts 4. Repeal 5. Commencement Short title 1. These regulations may be cited as the Low Income Tax Reduction Regulations for the 2015 Taxation Year. Definition 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 2015 taxation year (a) the amount referred to in paragraph 21.1(2.1)(a) is $698; and (b) the amount referred to in paragraph 21.1(2.1)(b) is $388. Repeal 4. The Low Income Tax Reduction Regulations, 2014, Newfoundland and Labrador Regulations 54/14, is repealed. Commencement 5. These regulations are considered to have come into force on January 1, 2015. ©Queen's Printer |