Excise Tax Indexing Ratio Regulations

Regulations Respecting the Ratio Used in the Indexing of Excise Taxes on Wines, Cigarettes and Manufactured Tobacco His Excellency the Governor General in Council, on the recommendation of the Minister of Finance and the Minister of National Revenue, pursuant to clause 24(2)(b)(i)(B)* of the Excise Tax Act and clause 3(b)(i)(B)** of Schedule II to the said Act, is pleased hereby to make the annexed Regulations respecting the ratio used in the indexing of excise taxes on wines, cigarettes and manufactured tobacco. S.C. 1980-81-82-83, c. 68, s. 7 S.C. 1980-81-82-83, c. 68, s. 27 These Regulations may be cited as the Excise Tax Indexing Ratio Regulations. For the purpose of adjusting the excise taxes imposed by subsection 24(1) of the Excise Tax Act, the ratio determined according to clause 24(2)(b)(i)(B) of that Act is altered by multiplying the ratio by 1.35559 for the adjustment on the first day of September, 1983; and by 1.99924 for the adjustment on the first day of September, 1984. For the purpose of adjusting the excise tax rates enumerated in section 1 of Schedule II to the Excise Tax Act, the ratio determined according to clause 3(b)(i)(B) of that schedule is altered by multiplying the ratio by 1.37078 for the adjustment on the first day of September, 1983; and by 1.88464 for the adjustment on the first day of September, 1984.