C-8.3, r. 1 - Regulation respecting the tariff of fees and the annual contribution payable under the Act respecting international financial centres

Updated to 1 January 2024

This document has official status.

chapter C-8.3, r. 1

Regulation respecting the tariff of fees and the annual contribution payable under the Act respecting international financial centres

Act respecting international financial centres

(chapter C-8.3, ss. 35, 36 and 111).

The fees prescribed in the Regulation have been indexed as of 1 January 2024 pursuant to the notice published in Part 1 (French) of the Gazette officielle du Québec of 23 December 2023, page 885. (s. 1)

1. The fees payable by a corporation or partnership for the examination of an application for a qualification certificate or certificate under the Act, for the amendment of such qualification certificate or certificate and for the issue of a certified true copy of the documents are established as follows:

(1)  the fees for the examination of an application for a qualification certificate under section 9 of the Act are $671;

(2)  the fees for the examination of an application for a certificate under section 11 of the Act are $671;

(3)  the fees for the examination of an application for a qualification certificate under section 13 of the Act are $671;

(4)  the fees for the examination of an application for a certificate under section 17 of the Act are $402;

(5)  the fees for the examination of an application for an amendment of a qualification certificate or certificate issued in accordance with sections 10 and 12 of the Act are $402;

(6)  the fees for the examination of an application for an amendment of a qualification certificate or certificate issued in accordance with sections 14 to 16 or sections 19 to 22 of the Act are $135;

(7)  the fees for the issue of a certified true copy of a certificate or an annual certificate issued under the Act are $32.

The fees shall be payable to the Minister by the corporation or partnership in a lump sum on the date on which the application to the Minister is made.

O.C. 98-2000, s. 1; O.C. 381-2011, s. 1.

2. The following is the annual contribution payable by a corporation or partnership that holds a qualification certificate issued by the Minister under sections 9 and 10 of the Act:

(1)  for the first year,

(a)  the contribution is $10,000;

(b)  despite subparagraph a, if the corporation or partnership carries on a business which is the continuation of a business or part of a business in respect of which a corporation or partnership was holding a valid certificate qualifying the business as an international financial centre during the preceding calendar year, the contribution is $3,000;

(2)  for each subsequent year, the contribution is $3,000.

The contribution is payable to the Minister in a lump sum no later than the last day of February of the following calendar year.

For the purposes of subparagraph b of subparagraph 1 of the first paragraph, the continuation of a business or part of a business that another corporation or partnership was carrying on before the beginning of the carrying on, by the corporation or the partnership, of the particular business must result from

(1)  the acquisition or rental, by the corporation or partnership, of property from another corporation or partnership which, during the calendar year that precedes the acquisition or rental, was carrying on a business in which the corporation or partnership was using the property; or

(2)  the carrying on, by the corporation or partnership, of a new business that may reasonably be considered in fact as the extension of a business or part of a business carried on by another corporation or partnership.

O.C. 98-2000, s. 2; O.C. 381-2011, s. 2.

3. (Omitted).

O.C. 98-2000, s. 3.

REFERENCES

O.C. 98-2000, 2000 G.O.2, 898

O.C. 381-2011, 2011 G.O. 2, 969