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I-3 - Taxation Act
Section 726.32
Disposition versions
726.32. (Repealed).
2006, c. 36, s. 58; 2009, c. 15, s. 125; 2018, c. 23, s. 811; 2021, c. 142021, c. 14, s. 631.
726.32. For the purposes of section 726.31, the paid-up capital of a corporation for a taxation year means
(a) in respect of a corporation, except a corporation that is an insurer within the meaning assigned by the Insurers Act (chapter A-32.1), its paid-up capital that would be determined for that year in accordance with Book III of Part IV if no reference were made to paragraph b.2 of subsection 1 of section 1136, paragraphs d and e of section 1137 and sections 1137.0.0.1, 1138.0.1, 1138.2.1 to 1138.2.3, 1138.2.5, 1138.2.6 and 1141.3 to 1141.11; and
(b) in respect of a corporation that is an insurer, within the meaning assigned by the Insurers Act, its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV if it were a bank, if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136 and if no reference were made to sections 1141.3 to 1141.11.
726.32. For the purposes of section 726.31, the paid-up capital of a corporation for a taxation year means
(a) in respect of a corporation, except a corporation that is an insurer within the meaning assigned by the Act respecting insurance (chapter A-32), its paid-up capital that would be determined for that year in accordance with Book III of Part IV if no reference were made to paragraph b.2 of subsection 1 of section 1136, paragraphs d and e of section 1137 and sections 1137.0.0.1, 1138.0.1, 1138.2.1 to 1138.2.3, 1138.2.5, 1138.2.6 and 1141.3 to 1141.11; and
(b) in respect of a corporation that is an insurer, within the meaning assigned by the Act respecting insurance, its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV if it were a bank, if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136 and if no reference were made to sections 1141.3 to 1141.11.
726.32. For the purposes of section 726.31, the paid-up capital of a corporation for a taxation year means
(a) in respect of a corporation, except a corporation that is an insurer within the meaning assigned by the Act respecting insurance (chapter A-32), its paid-up capital that would be determined for that year in accordance with Book III of Part IV if no reference were made to paragraph b.2 of subsection 1 of section 1136, paragraphs d and e of section 1137 and sections 1137.0.0.1, 1138.0.1, 1138.2.1 to 1138.2.3, 1138.2.5 and 1141.3 to 1141.11; and
(b) in respect of a corporation that is an insurer, within the meaning assigned by the Act respecting insurance, its paid-up capital that would be determined for that year in accordance with Title II of Book III of Part IV if it were a bank, if paragraph a of section 1140 were replaced by paragraph a of subsection 1 of section 1136 and if no reference were made to sections 1141.3 to 1141.11.
