I-3 - Taxation Act

Section 1049.1.4.1 Disposition versions

2017-12-07

1049.1.4.1. (Repealed).

1999, c. 83, s. 227; 2001, c. 7, s. 169; 2017, c. 29, s. 201.

2006-03-01

1049.1.4.1. Notwithstanding section 1049.1.1, where a corporation referred to in section 965.11.7.1 makes a public issue of qualifying shares referred to in paragraph a of section 965.9.1.0.4.2, in section 965.9.1.0.4.3, in paragraph a of section 965.9.1.0.5 or in section 965.9.1.0.6 in respect of which the corporation gave the undertaking under section 965.24.1.2.1.1 and where those shares are not listed on a Canadian stock exchange within 60 days after the date on which the corporation demonstrates that the shares are sufficiently distributed among holders, or where the corporation fails to make that demonstration with dispatch, that corporation incurs a penalty equal to 25% of the adjusted cost, determined under section 965.6, of each share distributed in Québec to an individual other than a trust, to an investment group or to an investment fund.

1999, c. 83, s. 227; 2001, c. 7, s. 169.