I-3, r. 1 - Regulation respecting the Taxation Act

Section 1025r1 Disposition versions

2017-04-12

1025R1. An individual's basic provisional account, for a year, is equal to the individual's tax payable under Part I of the Act for the same year computed

(a)  without taking into account

i.  sections 776.6 to 776.20 of the Act,

ii.  an amount excluded from the income for the year under sections 294 to 298 of the Act in respect of an option exercised in a subsequent taxation year,

iii.  an amount deducted for the year in respect of a subsequent taxation year and to which section 1012.1 of the Act refers,

iv.  the specified tax consequences for the year, or

v.  section 313.11 of the Act and Chapter II.1 of Title VI of Book III of Part I of the Act; and

(b)  taking into account the amount that could be deducted from the individual's taxable income otherwise to be paid for the year under section 776.41.5 of the Act if an amount was not required to be included in computing the income of the individual's eligible spouse for the year under section 313.11 of the Act.

s. 1025R1; O.C. 1981-80, s. 1025R1; R.R.Q., 1981, c. I-3, r. 1, s. 1025R1; O.C. 421-88, s. 32; O.C. 1463-2001, s. 136; O.C. 134-2009, s. 1; O.C. 1303-2009, s. 22; O.C. 321-2017, s. 51.

2012-09-01

1025R1. The basic provisional account, for a particular year, is equal to the tax payable under Part I of the Act for the same year, computed without taking into account

(a)  sections 776.6 to 776.20 of the Act;

(b)  an amount excluded from the income for the year under sections 294 to 298 of the Act in respect of an option exercised in a subsequent taxation year;

(c)  an amount deducted for the year in respect of a subsequent taxation year and to which section 1012.1 of the Act refers;

(d)  the specified tax consequences for the year; and

(e)  section 313.11 of the Act and Chapter II.1 of Title VI of Book III of Part I of the Act.

s. 1025R1; O.C. 1981-80, s. 1025R1; R.R.Q., 1981, c. I-3, r. 1, s. 1025R1; O.C. 421-88, s. 32; O.C. 1463-2001, s. 136; O.C. 134-2009, s. 1; O.C. 1303-2009, s. 22.