Section 127.51 — Income Tax Act: Minimum amount determined

An individual’s minimum amount for a taxation year is the amount determined by the formula A(B - C) - D where A is 20.5%; B is the individual’s adjusted taxable income for the year determined under section 127.52; C is the first dollar amount for the year referred to in paragraph 117(2)(d), in the case of an individual (other than a trust) or a qualified disability trust (as defined in subsection 122(3)); and nil, in any other case; and D is the individual’s basic minimum tax credit for the year determined under section 127.531.