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EH 32: Kind of person entitled to tax credit
or “Who can get a tax credit for certain refunds”
You could also call this:

“How much tax credit you can get for paying more extra tax than you save”

You can get a tax credit under section EH 30. The amount of this tax credit is the difference between two things: the extra tax and the tax saving. These are both described in section EH 32(c). If the extra tax is more than the tax saving, you’ll get the difference as a tax credit. This means you’ll only get a tax credit if you end up paying more extra tax than you save.

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Next up: EH 34: Meaning of income from forestry

or “What counts as income from selling timber from your own forest land”
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Part E Timing and quantifying rules
Income equalisation schemes: Tax credit

EH 33Amount of tax credit

  1. The amount of a tax credit to which a person is entitled under section EH 30 is the amount by which the extra tax, as described in section EH 32(c), is more than the tax saving, as described in section EH 32(c).

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