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Budget Implementation Act, 2022, No. 1 (S.C. 2022, c. 10)

Assented to 2022-06-23

PART 4Select Luxury Items Tax Act (continued)

Consequential Amendments (continued)

2018, c. 12, s. 186Greenhouse Gas Pollution Pricing Act (continued)

  •  (1) Subsection 109(5) of the Act is replaced by the following:

    • Marginal note:Restriction

      (5) An amount under this section must not be rebated to a person at any time unless all returns of which the Minister has knowledge and that are required to be filed at or before that time by the person under this Part, the Excise Tax Act, the Income Tax Act, the Air Travellers Security Charge Act, the Excise Act, 2001 and the Select Luxury Items Tax Act have been filed with the Minister.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on September 1, 2022.

  •  (1) The description of B in paragraph 161(1)(d) of the Act is replaced by the following:

    B
    is the amount, if any, by which the amount assessed the transferee under subsection 325(2) of the Excise Tax Act, paragraph 97.44(1)(b) of the Customs Act, subsection 160(2) of the Income Tax Act, subsection 297(3) of the Excise Act, 2001 or subsection 150(4) of the Select Luxury Items Tax Act in respect of the property exceeds the amount paid by the transferor in respect of the amount so assessed, and
  • (2) Subsection (1) comes into force, or is deemed to have come into force, on September 1, 2022.

Coordinating Amendments

Marginal note:Bill C-8

 

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