A-25, r. 3 - Regulation respecting insurance contributions

Section 45 Disposition versions

2012-09-01

45. An amount exigible or refundable calculated under this Regulation is adjusted as follows:

(1)  the amount is multiplied by the equivalent of the tax rate applicable to the insurance contribution specified in section 512 of the Act respecting the Québec sales tax (chapter T-0.1);

(2)  the amount exigible or refundable calculated under this Regulation is added to the amount calculated under subparagraph 1;

(3)  the amount obtained by applying subparagraph 2 is increased to the nearest dollar if it includes a fraction of a dollar:

(a)  where the fraction of dollar is 50 cents or more, to the next highest dollar;

(b)  where the fraction of dollar is less than 50 cents, to the next lowest dollar;

(4)  the amount equivalent to the rate of tax on the insurance contribution prescribed under section 512 of the Act respecting the Québec sales tax is added to 1;

(5)  the amount obtained in accordance with subparagraph 3 is divided by the amount obtained in accordance with subparagraph 4.

Where the amount obtained by applying subparagraph 5 of the first paragraph has more than 2 decimals, only the first 2 are retained.

With respect to a passenger vehicle covered by section 98 or 99 of the Regulation respecting road vehicle registration (chapter C-24.2, r. 29), the rate under subparagraph 1 of the first paragraph is 0.

Decision 2007-03-28, s. 45.