I-3 - Taxation Act

Section 1029.8.36.0.110 Disposition versions

2015-10-21

1029.8.36.0.110. In this division, the qualified expenditure limit of a partnership for a fiscal period is equal to $750,000 and the qualified expenditure limit of a corporation for a taxation year is equal to

(a)  if the corporation is not a member of an associated group in the year, $750,000; or

(b)  if the corporation is a member of an associated group in the year, an amount attributed for the year to the corporation pursuant to the agreement described in section 1029.8.36.0.111 and enclosed with the fiscal return the corporation is required to file for the year under section 1000 or, if no amount is attributed to the corporation under the agreement or in the absence of such an agreement, zero.

For the purposes of this section and sections 1029.8.36.0.111 to 1029.8.36.0.113, an associated group in a taxation year means all the corporations that, in the year, carry on a business in Québec and have an establishment in Québec, are not excluded corporations for the year, are associated with each other in the year and each of which is a qualified corporation for the year or a corporation that is a member of a qualified partnership at the end of a fiscal period of the qualified partnership ending in the year and that meets the conditions of paragraphs a and b of the definition of “qualified corporation” in the first paragraph of section 1029.8.36.0.107.

2013, c. 10, s. 116; 2015, c. 21, s. 442.

2013-06-05

1029.8.36.0.110. In this division, the qualified expenditure limit of a partnership for a fiscal period is equal to $750,000 and the qualified expenditure limit of a corporation for a taxation year is equal to

(a)  if the corporation is not a member of an associated group in the year, $750,000; or

(b)  if the corporation is a member of an associated group in the year, an amount attributed for the year to the corporation pursuant to the agreement described in section 1029.8.36.0.111 and enclosed with the fiscal return the corporation is required to file for the year under section 1000 or, if no amount is attributed to the corporation under the agreement or in the absence of such an agreement, zero.

For the purposes of this section and sections 1029.8.36.0.111 to 1029.8.36.0.113, an associated group in a taxation year means all the corporations that, in the year, carry on a business in Québec and have an establishment in Québec, that are not excluded corporations for the year, that are associated with each other in the year and each of which is a qualified corporation for the year or a corporation that is a member of a qualified partnership at the end of a fiscal period of the qualified partnership that ends in the year.

2013, c. 10, s. 116.