Marine Liability and Information Return Regulations

Marginal note:Consumer price index

• 2 (1) For the purposes of paragraph 113(3)(b) of the Act, the average of the Consumer Price Index for any 12-month period must be calculated by dividing by 12 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.