F-3.2.1.1.1 - Act to establish the Northern Plan Fund

Section 4 Disposition versions

2015-04-01

4. The Minister of Revenue transfers to the Fund, out of the sums credited to the general fund, at the intervals and in accordance with the other terms determined by the Government, the part that the latter determines of the proceeds of the taxes referred to in the following subparagraphs, without exceeding, for each fiscal year, the amount specified:

(1)  the income tax payable by individuals under Title I of Book V of Part I of the Taxation Act (chapter I-3), up to $75,000,000;

(2)  the income tax payable by corporations under Title II of that Book, up to $75,000,000; and

(3)  the public utility tax payable under Part VI.4 of that Act, up to $20,000,000.

When determining the part of the proceeds of the taxes that is to be transferred to the Fund, the Government takes into account the variation in those proceeds that is attributable to the activities carried out in the area covered by the Northern Plan to develop the natural resources found there, and to the financing of measures and strategic infrastructure by the Fund.

2011, c. 18, Sch. I, s. 4, s. 17; 2011, c. 18, Sch. I, s. 4; 2013, c. 16, s. 136; 2014, c. 16, s. 73.

2013-06-14

4. The Minister of Revenue transfers to the Fund, out of the sums credited to the general fund, at the intervals and in accordance with the other terms determined by the Government, the part that the latter determines of the proceeds of the taxes referred to in the following subparagraphs, without exceeding, for each fiscal year, the amount specified:

(1)  the income tax payable by individuals under Title I of Book V of Part I of the Taxation Act (chapter I-3), up to $75,000,000;

(2)  the income tax payable by corporations under Title II of that Book, up to $75,000,000; and

(3)  the public utility tax payable under Part VI.4 of that Act, up to $20,000,000.

When determining the part of the proceeds of the taxes that is to be transferred to the Fund, the Government takes into account the variation in those proceeds that is attributable to the activities carried out in the area open to northern development to develop the natural resources found there, and to the financing of measures and strategic infrastructure by the Fund.

2011, c. 18, Sch. I, s. 4, s. 17; 2011, c. 18, Sch. I, s. 4; 2013, c. 16, s. 136.

2012-04-01

4. The Minister of Revenue transfers to the Fund, out of the sums credited to the general fund, at the intervals and in accordance with the other terms determined by the Government, the part that the latter determines of the proceeds of the taxes referred to in the following subparagraphs, without exceeding, for each fiscal year, the amount specified:

(1)  the income tax payable by individuals under Title I of Book V of Part I of the Taxation Act (chapter I-3), up to $75,000,000;

(2)  the income tax payable by corporations under Title II of that Book, up to $75,000,000; and

(3)  the public utility tax payable under Part VI.4 of that Act, up to $20,000,000.

When determining the part of the proceeds of the taxes that is to be transferred to the Fund, the Government takes into account the variation in those proceeds that is attributable to the activities carried out in the area covered by the Northern Plan to develop the natural resources found there, and to the financing of measures and strategic infrastructure by the Fund.

2011, c. 18, Sch. I, s. 4, s. 17; 2011, c. 18, Sch. I, s. 4.

2011-06-13

4. The Minister of Revenue pays into the Fund, at the intervals and in accordance with the other terms determined by the Government, the part that the latter determines of the proceeds of the taxes referred to in the following subparagraphs, without exceeding, for each fiscal year, the amount specified:

(1)  the income tax payable by individuals under Title I of Book V of Part I of the Taxation Act (chapter I-3), up to $75,000,000;

(2)  the income tax payable by corporations under Title II of that Book, up to $75,000,000; and

(3)  the public utility tax payable under Part VI.4 of that Act, up to $20,000,000.

When determining the part of the proceeds of the taxes that is to be paid into the Fund, the Government takes into account the variation in these proceeds that is attributable to the activities carried out in the area covered by the Northern Plan to develop the natural resources found there, and to the financing of measures and strategic infrastructure by the Fund.

2011, c. 18, Sch. I, s. 4, s. 17.