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

Section 771r26 Disposition versions

2019-02-27

771R26. For the purposes of this division, the following rules apply:

(a)  the amount of loans is one-twelfth of the aggregate of the amounts outstanding, on the loans granted by the bank or the federal credit union, as the case may be, at the close of business on the last day of each month in the year; and

(b)  the amount of deposits is one-twelfth of the aggregate of the amounts on deposit with the bank or the federal credit union, as the case may be, at the close of business on the last day of each month in the year.

For the purposes of the first paragraph, loans and deposits do not include bonds, debentures, stocks, items in transit and deposits in favour of Her Majesty in right of Canada.

s. 771R18; O.C. 1981-80, s. 771R18; R.R.Q., 1981, c. I-3, r. 1, s. 771R18; O.C. 1282-2003, s. 48; O.C. 1149-2006, s. 36; O.C. 134-2009, s. 1; O.C. 117-2019, s. 24.

2012-09-01

771R26. For the purposes of this division, the amount of loans or deposits is one-twelfth of the aggregate of the amounts outstanding on the loans granted by the bank, or, as the case may be, of the aggregate of the amounts on deposit with the bank, at the close of business on the last day of each month in the year.

For the purposes of the first paragraph, loans and deposits do not include bonds, debentures, stocks, items in transit and deposits in favour of Her Majesty in right of Canada.

s. 771R18; O.C. 1981-80, s. 771R18; R.R.Q., 1981, c. I-3, r. 1, s. 771R18; O.C. 1282-2003, s. 48; O.C. 1149-2006, s. 36; O.C. 134-2009, s. 1.