A-3.001, r. 7 - Regulation respecting financing

Section 201 Disposition versions

2012-09-01

201. For each of the 2 assessment years subsequent to the year in which the transaction took place, a successor referred to in section 197 qualifies for retrospective adjustment of its assessment if the product obtained by multiplying the insurable wages paid to its workers for any such subsequent year by the unit rate according to risk for the unit in which it is classified for that year is at least equal to the qualifying threshold for that year.

Despite the foregoing, where the successor has made an application under section 198, it qualifies for retrospective adjustment of its assessment for each of the subsequent 2 assessment years if it satisfies the requirements prescribed in Chapter III. In such a case, the insurable wages paid to its workers during the year prior to the year preceding the assessment year include the insurable wages paid to the predecessor’s workers for that year in respect of the activities that were covered by the transaction.

Decision 2010-11-18, s. 201.