This is an official version.
Copyright © 2010: Queen's Printer,
Newfoundland and Labrador
NEWFOUNDLAND AND LABRADOR
Seniorsí Benefit Regulations, 2007 (Amendment)
(Filed September 21, 2010)
Under the authority of section 68 of the Income Tax Act, 2000, the Lieutenant-Governor in Council makes the following regulations.
Dated at St. Johnís, September 3, 2010.
† S.3 Amdt.
† S.4 Amdt.
††††††† 1. Paragraphs 3(1)(a) and (b) of the Seniors' Benefit Regulations, 2007 are repealed and the following substituted:
†††††††††††† (a)† where there is no qualified relation, $900 for an eligible individual who is 64 years of age or over at any time in the taxation year, reduced by 11.66% of the amount by which the eligible individual's adjusted income for the taxation year exceeds $26, 165; and
†††††††††††† (b)† where there is a qualified relation, $900 for one eligible individual who is 64 years of age or over any time in the taxation year, reduced by 11.66% of the amount by which the combined adjusted income for the eligible individual and qualified relation for the taxation year exceeds $26, 165.
††††††† 2. Section 4 of the regulations is amended by renumbering it as subsection 4(1) and by adding immediately after that subsection the following:
†††††††††††† (2)† Notwithstanding subsection (1), indexation required by that subsection shall not be carried out before the 2011 taxation year.
©Earl G. Tucker, Queen's Printer