F-2.1 - Act respecting municipal taxation

Section 228.2 Disposition versions

2005-06-17

228.2. (Repealed).

1994, c. 22, s. 27; 2005, c. 23, s. 24.

1994-06-17

228.2. Where a person operates or has operated a gas distribution or telecommunications system and pays or undertakes to pay, in respect of a particular fiscal period, to a person to whom he is related, within the meaning of the Taxation Act (chapter I-3), or to whom he would be related if the latter person, in this section referred to as the “particular person”, were subject to that Act, an amount that may reasonably be regarded as paid or payable for the system, or such material or equipment as may reasonably be attributed to the operation of such a system, to be made available to him, each amount described in the second paragraph shall be included in computing the revenue or loss of that person from the operation of the system for the particular fiscal period.

The amounts to be included in computing the revenue or loss of the person referred to in the first paragraph are the amounts that under Part I of the Taxation Act are deductible, in respect of the system, material or equipment, in computing the revenue of the particular person for his fiscal period ending during the particular fiscal period, or that would be deductible were the particular person subject to the Taxation Act, as interest or under sections 130, 130.1, 147, paragraphs a and b of section 148, paragraph d of section 157, sections 176 and 176.4 and subsection 1 of section 179 of the Taxation Act.

1994, c. 22, s. 27.