moved:
Motion No. 90
That Bill C-36, in Clause 104, be amended by replacing lines 12 to 23 on page 51 and lines 1 to 40 on page 52 with the following:
“(8.3) With respect to 2000, the Minister shall, in the prescribed manner, refund to designated persons the prescribed portion of the amount determined by the following formula if that amount is more than $1:
(E2-E1) x P2000
where
E1 is the total of all insurable earnings paid in 1998 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 1998;
E2 is the total of all insurable earnings paid in 2000 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 2000; and P2000 is 1.4 times the premium rate for 2000.
(8.31) For the purposes of subsection (8.3), designated persons means persons who have paid the employee's premium or the employer's premium in 2000.
(9) If at any time during a year for which a refund is sought two or more employers are associated, as defined by the regulations, they shall be considered a single employer for the purposes of subsections (6) to (8.3) and any refund shall be allocated to them in the prescribed manner.”