Statute
Section 207.021 — Income Tax Act: Tax payable on excess FHSA amount
Text of the provision Official document
If, at any time in a calendar month, an individual has an excess FHSA amount, the individual shall, in respect of that month, pay a tax under this Part equal to 1% of the highest such amount in that month.
Official source: laws-lois.justice.gc.ca
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