I-3, r. 1 - Regulation respecting the Taxation Act

Section 1015r7 Disposition versions

2012-09-01

1015R7. The percentage to which subparagraph d of the first paragraph of section 1015R6 refers in relation to the acquisition of a qualifying security within the meaning of the cooperative investment plan, established under Décret 1596-85 (85-08-07) is

(a)  112.5% in the case of the acquisition of a qualifying security of a small or medium-sized cooperative, within the meaning of the cooperative investment plan, within the scope of a workers investment program;

(b)  93.75% in the case of the acquisition of a qualifying security of a small or medium-sized cooperative, within the meaning of the cooperative investment plan, otherwise than within the scope of a workers investment program;

(c)  93.75% in the case of the acquisition of a qualifying security within the scope of a workers investment program in a cooperative, other than a cooperative referred to in paragraph a or b; and

(d)  75% in the case of the acquisition of a qualifying security in respect of which any of paragraphs a to c do not apply.

The percentage to which subparagraph d of the first paragraph of section 1015R6 refers in relation to the acquisition of a qualifying security within the meaning of the Cooperative Investment Plan Act (chapter R-8.1.1) is 125%.

s. 1015R2.1.1; O.C. 1282-2003, s. 56; O.C. 1155-2004, s. 47; S.Q. 2006, c. 8, s. 31; O.C. 1116-2007, s. 34; O.C. 134-2009, s. 1; O.C. 1176-2010, s. 41.