A-3.001, r. 7 - Regulation respecting financing

Section 126 Disposition versions

2012-09-01

126. An employer who has submitted an application under section 119 and who ceases to be controlled by the parent company or partnership after the date of the resolution or statement prescribed in subparagraph 3 of the third paragraph of section 120 is considered to no longer form part of the group from the date on which the employer ceases to be so controlled.

If the employer then qualifies for retrospective adjustment of the assessment under section 87 for the assessment year, it is deemed to have elected the assumption limit applicable to the group unless the employer sends to the Commission the notice provided for in section 101 within the prescribed period.

Decision 2010-11-18, s. 126.