A-3.001, r. 7 - Regulation respecting financing

Section 93 Disposition versions

2012-09-01

93. The qualifying threshold for the year prior to the year preceding 2011 is $298,600.

For every subsequent year, the qualifying threshold is determined by applying the following formula and rounding off the result to the nearest $100:

                 qualifying        maximum yearly 
qualifying        threshold          insurable           average general rate
threshold         for the           earnings for          adjusted according
for the           preceding            the year          to risk for the year 
year        =       year      x    ________________   x    ________________
                                   maximum yearly         average general rate
                                     insurable             adjusted according 
                                    earnings for            to risk for the 
                                  the preceding year         preceding year    

The average adjusted rate according to risk is the rate established by the Commission at the time the rates of assessment applicable to the classification units are fixed for an assessment year in accordance with section 304 of the Act.

Decision 2010-11-18, s. 93.