Government of Canada / Gouvernement du Canada
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Marine Liability and Information Return Regulations

Version of section 2 from 2016-12-02 to 2021-03-31:

Marginal note:Consumer price index

  •  (1) For the purposes of paragraphs 110(3)(b) and 113(3)(b) of the Act, the average of the Consumer Price Index for any 12-month period must be calculated by dividing by twelve the aggregate of the Consumer Price Indexes, excluding the food and energy components, for each month in that 12-month period.

  • Marginal note:Fraction

    (2) If the quotient obtained contains a fraction, the fraction must be expressed as a decimal fraction rounded to one digit after the decimal point as follows:

    • (a) if the second digit after the decimal point is less than five, that digit shall be dropped; and

    • (b) if the second digit is five or greater than five, the first digit after the decimal point must be increased by one and the second digit must be dropped.

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