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I-3 - Taxation Act
Section 1029.8.61.20
Disposition versions
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2020, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the taxation year immediately before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first paragraph refers are
(a) the amount of $198 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(a.1) the amounts of $995 and $663 mentioned in subparagraph c of the second paragraph of section 1029.8.61.18;
(a.2) the amount of $104 mentioned in subparagraph i of subparagraph d of the second paragraph of section 1029.8.61.18;
(b) the amount of $2,515 mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $882 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amount of $1,000 mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $352 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2019, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the taxation year immediately before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first paragraph refers are
(a) the amount of $195 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(a.1) the amount of $978 mentioned in subparagraph c of the second paragraph of section 1029.8.61.18;
(a.2) the amount of $102 mentioned in subparagraph i of subparagraph d of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,472, $1,735 and $1,852, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $867 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $694 and $641, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $346 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2019, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year immediately before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first paragraph refers are
(a) the amount of $195 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(a.1) the amount of $978 mentioned in subparagraph c of the second paragraph of section 1029.8.61.18;
(a.2) the amount of $102 mentioned in subparagraph i of subparagraph d of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,472, $1,735 and $1,852, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $867 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $694 and $641, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $346 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2017, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year immediately before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first and fifth paragraphs refer are
(a) the amount of $190 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(a.1) the amount of $954 mentioned in subparagraph c of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,410, $1,204 and $1,806, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $845 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $676 and $625, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $337 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year immediately before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first and fifth paragraphs refer are
(a) the amount of $161.50 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,000, $1,000 and $1,500, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $700 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $553 and $510, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $276 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
For the purposes of the first paragraph in respect of an amount that is to be used for the taxation year 2005, each of the amounts referred to in the fourth paragraph is deemed to be the amount used for the taxation year 2004.
1029.8.61.20. Each of the amounts referred to in the fourth paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A/B) - 1.
In the formula provided for in the first paragraph,
(a) A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year next before the year preceding that for which the amount is to be adjusted.
If the factor determined by the formula in the first paragraph has more than four decimal places, only the first four decimal digits are retained and the fourth is increased by one unit if the fifth is greater than 4.
The amounts to which the first and fifth paragraphs refer are
(a) the amount of $161.50 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,000, $1,000 and $1,500, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $700 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $553 and $510, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $276 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
For the purposes of the first paragraph in respect of an amount that is to be used for the taxation year 2005, each of the amounts referred to in the fourth paragraph is deemed to be the amount used for the taxation year 2004.
1029.8.61.20. Each of the amounts referred to in the third paragraph shall, where it is to be used for a taxation year subsequent to the taxation year 2004, be adjusted annually in such a manner that the amount used for that taxation year is equal to the total of the amount used for the preceding taxation year and the product obtained by multiplying that amount so used by the factor determined by the formula
(A / B) − 1.
In the formula provided for in the first paragraph,
(a) A is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year preceding that for which an amount is to be adjusted; and
(b) B is the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period that ended on 30 September of the taxation year next before the year preceding that for which the amount is to be adjusted.
The amounts to which the first and fourth paragraphs refer are
(a) the amount of $161.50 mentioned in subparagraph b of the second paragraph of section 1029.8.61.18;
(b) the amounts of $2,000, $1,000 and $1,500, wherever they are mentioned in subparagraph a of the third paragraph of section 1029.8.61.18;
(c) the amount of $700 mentioned in subparagraph b of the third paragraph of section 1029.8.61.18;
(d) the amounts of $553 and $510, wherever they are mentioned in subparagraph e of the third paragraph of section 1029.8.61.18; and
(e) the amount of $276 mentioned in subparagraph f of the third paragraph of section 1029.8.61.18.
For the purposes of the first paragraph in respect of an amount that is to be used for the taxation year 2005, each of the amounts referred to in the third paragraph is deemed to be the amount used for the taxation year 2004.
