Marginal note:Amount of charge — adjustment day
16 For the purposes of the fuel charge system and of applying subsection 38(1) of the Act in respect of fuel that is a qualifying power plant fuel and that is held at the beginning of an adjustment day in a listed province by a person that is a remote power plant operator, the formula in that subsection and the descriptions in that formula are adapted as follows:
(A − B) × (C − D)
where
- A
- is the quantity of the fuel;
- B
- is the quantity of the fuel that was delivered to the person by a registered distributor in respect of that type of fuel and in respect of which an exemption certificate applies in respect of the delivery in accordance with section 36;
- C
- is the rate in respect of fuel of that type for the listed province applicable on the adjustment day; and
- D
- is
(a) zero, if
(i) the adjustment day is commencement day, or
(ii) the adjustment day is July 1, 2019 and the listed province is Yukon or Nunavut, and
(b) the rate in respect of fuel of that type for the listed province applicable on the day before the adjustment day, in any other case.
- SOR/2019-265, s. 3
- Date modified: