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Her Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Finance, makes the annexed Remission Order in Respect of the 2016–2017 and 2019 Bovine Tuberculosis Outbreaks under subsection 23(2) of the Financial Administration Act.notenote
1Definitions#
(1)The following definitions apply in this Order.
Act means the Income Tax Act. (Loi)
compensation amount means the amount deducted by a taxpayer in computing the taxpayer’s income from a farming business under subsection 80.3(2) of the Act for the 2016, 2017 or 2019 taxation year, as the case may be, in respect of the forced destruction of livestock under section 51 of the Health of Animals Act due to bovine tuberculosis. (montant de compensation)
(2)Unless the context otherwise requires, words and expressions used in this Order have the same meaning as in the Act.
2Remission of tax, interest and penalties#
Remission of tax, interest and penalties is granted to taxpayers in the amount determined by the formula
Coming into force
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.