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S-29.02, r. 1 - Regulation under the Trust Companies and Savings Companies Act

Section 23
Disposition versions

Full text
23. For the application of section 406 of the Act, the gross revenues of a company in Québec during a year represent the aggregate of the fees and commissions earned for its activities in Québec and revenues from its activity as a financial agent carried on in Québec.
For the purposes of the calculation referred to in the first paragraph, the amount of a commission derived from a real estate broker’s activity shall be reduced by the sum paid to the agent who participated in the transaction.
O.C. 719-88, s. 23.
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