Definitions1(1)The following definitions apply in this Order.Act means the Income Tax Act. (Loi)compensation amount means the amount deducted by a taxpayer in computing the taxpayer’s income from a farming business under subsection 80.3(2) of the Act for the 2016, 2017 or 2019 taxation year, as the case may be, in respect of the forced destruction of livestock under section 51 of the Health of Animals Act due to bovine tuberculosis. (montant de compensation)Application of meanings in Act(2)Unless the context otherwise requires, words and expressions used in this Order have the same meaning as in the Act.

Remission of tax, interest and penalties2Remission of tax, interest and penalties is granted to taxpayers in the amount determined by the formulaA − BwhereAis(a)in the case of a taxpayer that received a compensation amount and that carried on the farming business in Alberta or Saskatchewan in any year during the period from 2016 to 2017, the total amount payable under the Act, if any, for the taxpayer’s 2017 to 2020 taxation years, and(b)in the case of a taxpayer that received a compensation amount and that carried on the farming business in British Columbia in any year during the period from 2018 to 2019, the total amount payable under the Act, if any, for the taxpayer’s 2019 to 2022 taxation years; andBis(a)in the case of a taxpayer that carried on the farming business in Alberta or Saskatchewan in any year during the period from 2016 to 2017, the total amount that would be payable under the Act, if any, for the taxpayer’s 2017 to 2020 taxation years if the compensation amount were included in income as follows:(i)83% for the 2018 taxation year,(ii)11% for the 2019 taxation year, and(iii)6% for the 2020 taxation year, and(b)in the case of a taxpayer that carried on the farming business in British Columbia in any year during the period from 2018 to 2019, the total amount that would be payable under the Act, if any, for the taxpayer’s 2019 to 2022 taxation years if the compensation amount were included in income as follows:(i)83% for the 2020 taxation year,(ii)11% for the 2021 taxation year, and(iii)6% for the 2022 taxation year.