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I-3 - Taxation Act

Section 1049.8
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1049.8. Every qualified legal person, within the meaning of the Act respecting Québec business investment companies (chapter S-29.1), that pays an amount referred to in section 23 of the Québec Business Investment Companies Regulation (chapter S-29.1, r. 1) to a Québec business investment company during the 60 months following the acquisition of a share that forms part of a qualified investment by that Québec business investment company incurs a penalty equal to 40% of the amount so paid but not in excess of 40% of the total amount of the investment.
1986, c. 15, s. 185; 1997, c. 85, s. 288; 2000, c. 39, s. 209; 2006, c. 13, s. 200.
1049.8. Every qualified legal person, within the meaning of the Act respecting Québec business investment companies (chapter S-29.1), that pays an amount referred to in section 23 of the Québec Business Investment Companies Regulation made by Order in Council 1627-85 (1985, G.O. 2, 3750), to a Québec business investment company during the 60 months following the acquisition of a share that forms part of a qualified investment by that Québec business investment company incurs a penalty equal to 40% of the amount so paid but not in excess of 40% of the total amount of the investment.
1986, c. 15, s. 185; 1997, c. 85, s. 288; 2000, c. 39, s. 209; 2006, c. 13, s. 200.
1049.8. Every qualified legal person, within the meaning of the Act respecting Québec business investment companies (chapter S-29.1), that pays an amount referred to in the first paragraph of section 23 of the Québec Business Investment Companies Regulation made under section 16 of that Act, to a Québec business investment company during the 60 months following the acquisition of a share that forms part of a qualified investment by that Québec business investment company incurs a penalty equal to 40% of the amount so paid but not in excess of 40% of the total amount of the investment.
1986, c. 15, s. 185; 1997, c. 85, s. 288; 2000, c. 39, s. 209.
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