I-3 - Taxation Act

Section 1029.8.36.166.69 Disposition versions

2019-06-19

1029.8.36.166.69. In this division,

“eligibility period” of a corporation for a taxation year means all of the taxation year for which a certificate has been issued to the corporation for the purposes of this division or, if applicable, the part of that year specified in the certificate;

“eligible activities” of a corporation for a taxation year means the activities that the corporation carries on in the year and that are specified in the qualification certificate issued to it for the purposes of this division;

“excluded corporation” for a taxation year means

(a)  a corporation that is exempt from tax for the year under Book VIII;

(b)  a corporation that would be exempt from tax for the year under section 985, but for section 192; or

(c)  a corporation that carries on a personal services business in the year;

“qualified corporation” for a taxation year means a corporation, other than an excluded corporation, in respect of which all or part of the year is included in the period of validity specified in the qualification certificate it holds for the purposes of this division and that, in the year, carries on a business in Québec and has an establishment in Québec;

“qualified expenditure” of a corporation for a taxation year means the aggregate of all amounts each of which is an expenditure incurred by the corporation in the year, that is directly attributable to its eligible activities for the year carried on in an establishment of the corporation situated in Québec and is any of the following expenditures, provided it is wholly or partly attributable to its eligibility period for the year:

(a)  the fees relating to the constitution of the initial regulatory file submitted to a recognized regulatory or self-regulatory organization of a financial market;

(b)  the fees relating to the constitution of the initial file for participation in a stock exchange;

(c)  the duties, dues and charges paid to a recognized regulatory or self-regulatory organization of a financial market;

(d)  the duties and costs as a participant in a stock exchange;

(e)  the connection and usage fees of an electronic trading solution for participation in a stock exchange;

(f)  the subscription fees for a research or financial analysis tool or service;

(g)  the fees relating to the constitution of a prospectus required by a recognized regulatory or self-regulatory organization of a financial market; or

(h)  the fees paid to a compliance consultant to ensure compliance with the requirements of a recognized regulatory or self-regulatory organization of a financial market.

2013, c. 10, s. 123; 2019, c. 14, s. 366.

2013-06-05

1029.8.36.166.69. In this division,

“eligibility period” of a corporation for a taxation year means all of the taxation year for which a certificate has been issued to the corporation for the purposes of this division or, if applicable, the part of that year specified in the certificate;

“eligible activities” of a corporation for a taxation year means the activities that the corporation carries on in the year and that are specified in the qualification certificate issued to it for the purposes of this division;

“excluded corporation” for a taxation year means

(a)  a corporation that is exempt from tax for the year under Book VIII, other than an insurer referred to in paragraph k of section 998 that is not so exempt from tax on all of its taxable income for the year because of section 999.0.1;

(b)  a corporation that would be exempt from tax for the year under section 985, but for section 192; or

(c)  a corporation that carries on a personal services business in the year;

“qualified corporation” for a taxation year means a corporation, other than an excluded corporation, in respect of which all or part of the year is included in the period of validity specified in the qualification certificate it holds for the purposes of this division and that, in the year, carries on a business in Québec and has an establishment in Québec;

“qualified expenditure” of a corporation for a taxation year means the aggregate of all amounts each of which is an expenditure incurred by the corporation in the year, but after 20 March 2012, that is directly attributable to its eligible activities for the year carried on in an establishment of the corporation situated in Québec and is any of the following expenditures, provided it is wholly or partly attributable to its eligibility period for the year and is reasonable in the circumstances:

(a)  the fees relating to the constitution of the initial regulatory file submitted to a recognized regulatory or self-regulatory organization of a financial market;

(b)  the fees relating to the constitution of the initial file for participation in a stock exchange;

(c)  the duties, dues and charges paid to a recognized regulatory or self-regulatory organization of a financial market;

(d)  the duties and costs as a participant in a stock exchange;

(e)  the connection and usage fees of an electronic trading solution for participation in a stock exchange; or

(f)  the subscription fees for a research or financial analysis tool or service.

2013, c. 10, s. 123.