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I-3 - Taxation Act

Section 1029.8.36.0.3.4
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Full text
1029.8.36.0.3.4. (Repealed).
1999, c. 83, s. 198; 2001, c. 51, s. 120; 2001, c. 69, s. 12; 2007, c. 12, s. 160.
1029.8.36.0.3.4. A corporation that, for a taxation year, is a qualified corporation and encloses with its fiscal return it is required to file for the year under section 1000 a copy of the valid certificate, valid favourable advance ruling or valid qualification certificate that was given or issued, as the case may be, to it by Investissement Québec in respect of a property that is a multimedia title of the corporation and the prescribed form containing the prescribed information, is deemed to have paid to the Minister on the corporation’s balance-due day for that year, on account of its tax payable for that year under this Part, an amount equal to the lesser of
(a)  an amount equal to the amount obtained by applying the appropriate percentage determined in the second paragraph in relation to the property for the year to the corporation’s qualified labour expenditure for the year in respect of the property; and
(b)  the amount by which the amount obtained by applying the appropriate percentage determined in the third paragraph in relation to the property for the year to the corporation’s eligible production costs at the end of the year in respect of the property exceeds the aggregate of all amounts each of which is an amount deemed to have been paid to the Minister under this section by the corporation in respect of the property for a preceding taxation year.
The percentage to which subparagraph a of the first paragraph refers in relation to a property that is a multimedia title for a taxation year is
(a)  65%, where Investissement Québec certifies that the property is produced without having been ordered, is intended to be commercialized and is available in a French version; and
(b)  45%, in any other case.
The percentage to which subparagraph b of the first paragraph refers in relation to a property that is a multimedia title for a taxation year is
(a)  35%, where Investissement Québec certifies that the property is produced without having been ordered, is intended to be commercialized and is available in a French version; and
(b)  25%, in any other case.
1999, c. 83, s. 198; 2001, c. 51, s. 120; 2001, c. 69, s. 12.
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