O. Reg. 212/20: GENERAL

 

ontario regulation 212/20

made under the

Ontario Drug Benefit Act

Made: May 12, 2020
Filed: May 13, 2020
Published on e-Laws: May 13, 2020
Printed in The Ontario Gazette: May 30, 2020

Amending O. Reg. 201/96

(GENERAL)

1. (1) Subsection 4 (5) of Ontario Regulation 201/96 is amended by striking out “for the taxation year” and substituting “for the first or second taxation year”.

(2) Clauses 4 (6) (a) and (b) of the Regulation are revoked and the following substituted:

(a) the member’s income from the beginning of the applicable taxation year until the day of the application or the executive officer’s receipt of the notification of election; and

(b) an estimate of the member’s income from the day of the application or the executive officer’s receipt of the notification of election until the end of the applicable taxation year.

(3) Subsection 4 (7) of the Regulation is amended by striking out “member’s taxation year” and substituting “member’s applicable taxation year”.

(4) Section 4 of the Regulation is amended by adding the following subsection:

(8) For the fiscal period that begins on August 1, 2019 and ends on July 31, 2020, if the members of the household make an election under subsection (5) based on the members’ annual net income for the second taxation year immediately following the members’ most recent taxation year, then the household’s annual net income for the second taxation year shall only be used to determine a quarterly amount under subsection (1) for the quarter that begins on May 1, 2020 and ends on July 31, 2020.

(5) The definition of “annual net income” in subsection 4 (9) of the Regulation is revoked and the following substituted:

“annual net income” means the amount indicated on the applicable line of the Notice of Assessment issued under the Income Tax Act (Canada) for the relevant taxation year or, if no Notice of Assessment has been issued, the amount that would appear on that line had the Notice of Assessment been issued, in either case minus both,

(a) the amount of income from the Universal Child Care Benefit program of the Government of Canada that was reported or that should have been reported on the applicable line of the relevant Canadian income tax return, and

(b) the amount withdrawn from Canadian Registered Disability Saving Plans that was reported or that should have been reported on the applicable line of the relevant Canadian income tax return;

2. The definition of “annual net income” in subsection 20.2 (2) of the Regulation is revoked and the following substituted:

“annual net income” means the amount indicated on the applicable line of the Notice of Assessment issued under the Income Tax Act (Canada) for the relevant taxation year or, if no Notice of Assessment has been issued, the amount that would appear on that line had the Notice of Assessment been issued, in either case minus both,

(a) the amount of income from the Universal Child Care Benefit program of the Government of Canada that was reported or that should have been reported on the applicable line of the relevant Canadian income tax return, and

(b) the amount withdrawn from Canadian Registered Disability Saving Plans that was reported or that should have been reported on the applicable line of the relevant Canadian income tax return;

Commencement

3. This Regulation comes into force on the day it is filed.