I-3 - Taxation Act

Section 1129.27.4.1 Disposition versions

2021-12-10

1129.27.4.1. In this Part,

“annual limit amount” applicable in respect of a capitalization period means

(a)  $100,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(b)   subject to paragraphs c to e, any of the following amounts, in respect of a capitalization period that begins after 29 February 2008:

i.  $150,000,000, if the paid-up capital of the shares of the capital stock of the Corporation is less than $1,250,000,000 at the end of any previous capitalization period, or

ii.  the lesser of $150,000,000 and the amount corresponding to the reduction in paid-up capital attributable to the aggregate of all the shares redeemed or purchased by agreement by the Corporation in the preceding capitalization period, in any other case;

(c)  $150,000,000, in respect of the capitalization period that begins on 1 March 2015 and ends on 29 February 2016; and

(d)  $135,000,000, in respect of the capitalization period that begins on 1 March 2016 and ends on 28 February 2017 and the capitalization period that begins on 1 March 2017 and ends on 28 February 2018;

(e)  $140,000,000, in respect of each of the following capitalization periods:

i.  the capitalization period that begins on 1 March 2018 and ends on 28 February 2019,

ii.  the capitalization period that begins on 1 March 2019 and ends on 29 February 2020,

iii.  the capitalization period that begins on 1 March 2020 and ends on 28 February 2021;

iv.  the capitalization period that begins on 1 March 2021 and ends on 28 February 2022, and

v.  the capitalization period that begins on 1 March 2022 and ends on 28 February 2023;

“capitalization period” means any of the following periods:

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  a period that begins on 1 March of a year subsequent to the year 2006 and ends on the last day of the month of February of the following year;

(c)  (paragraph repealed);

(d)  (paragraph repealed);

(e)  (paragraph repealed);

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304; 2011, c. 6, s. 218; 2015, c. 21, s. 511; 2017, c. 1, s. 376; 2019, c. 14, s. 444; 2021, c. 36, s. 150.

2019-06-19

1129.27.4.1. In this Part,

“annual limit amount” applicable in respect of a capitalization period means

(a)  $100,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(b)   subject to paragraphs c to e, any of the following amounts, in respect of a capitalization period that begins after 29 February 2008:

i.  $150,000,000, if the paid-up capital of the shares of the capital stock of the Corporation is less than $1,250,000,000 at the end of any previous capitalization period, or

ii.  the lesser of $150,000,000 and the amount corresponding to the reduction in paid-up capital attributable to the aggregate of all the shares redeemed or purchased by agreement by the Corporation in the preceding capitalization period, in any other case;

(c)  $150,000,000, in respect of the capitalization period that begins on 1 March 2015 and ends on 29 February 2016; and

(d)  $135,000,000, in respect of the capitalization period that begins on 1 March 2016 and ends on 28 February 2017 and the capitalization period that begins on 1 March 2017 and ends on 28 February 2018;

(e)  $140,000,000, in respect of each of the following capitalization periods:

i.  the capitalization period that begins on 1 March 2018 and ends on 28 February 2019,

ii.  the capitalization period that begins on 1 March 2019 and ends on 29 February 2020, and

iii.  the capitalization period that begins on 1 March 2020 and ends on 28 February 2021;

“capitalization period” means any of the following periods:

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  a period that begins on 1 March of a year subsequent to the year 2006 and ends on the last day of the month of February of the following year;

(c)  (paragraph repealed);

(d)  (paragraph repealed);

(e)  (paragraph repealed);

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304; 2011, c. 6, s. 218; 2015, c. 21, s. 511; 2017, c. 1, s. 376; 2019, c. 14, s. 444.

2017-02-08

1129.27.4.1. In this Part,

“annual limit amount” applicable in respect of a capitalization period means

(a)  $100,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(b)  subject to paragraphs c and d, any of the following amounts, in respect of a capitalization period that begins after 29 February 2008:

i.  $150,000,000, if the paid-up capital of the shares of the capital stock of the Corporation is less than $1,250,000,000 at the end of any previous capitalization period, or

ii.  the lesser of $150,000,000 and the amount corresponding to the reduction in paid-up capital attributable to the aggregate of all the shares redeemed or purchased by agreement by the Corporation in the preceding capitalization period, in any other case;

(c)  $150,000,000, in respect of the capitalization period that begins on 1 March 2015 and ends on 29 February 2016; and

(d)  $135,000,000, in respect of the capitalization period that begins on 1 March 2016 and ends on 28 February 2017 and the capitalization period that begins on 1 March 2017 and ends on 28 February 2018;

“capitalization period” means any of the following periods:

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  a period that begins on 1 March of a year subsequent to the year 2006 and ends on the last day of the month of February of the following year;

(c)  (paragraph repealed);

(d)  (paragraph repealed);

(e)  (paragraph repealed);

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304; 2011, c. 6, s. 218; 2015, c. 21, s. 511; 2017, c. 1, s. 376.

2015-10-21

1129.27.4.1. In this Part,

“annual limit amount” applicable in respect of a capitalization period means

(a)  $100,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(b)  subject to paragraph c, any of the following amounts, in respect of a capitalization period that begins after 29 February 2008:

i.  $150,000,000, if the paid-up capital of the shares of the capital stock of the Corporation is less than $1,250,000,000 at the end of any previous capitalization period, or

ii.  the lesser of $150,000,000 and the amount corresponding to the reduction in paid-up capital attributable to the aggregate of all the shares redeemed or purchased by agreement by the Corporation in the preceding capitalization period, in any other case; and

(c)  $150,000,000, in respect of the capitalization period that begins on 1 March 2015 and ends on 29 February 2016.

“capitalization period” means any of the following periods:

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  a period that begins on 1 March of a year subsequent to the year 2006 and ends on the last day of the month of February of the following year;

(c)  (paragraph repealed);

(d)  (paragraph repealed);

(e)  (paragraph repealed);

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304; 2011, c. 6, s. 218; 2015, c. 21, s. 511.

2011-06-06

1129.27.4.1. In this Part,

“annual limit amount” applicable in respect of a capitalization period means

(a)  $100,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008; and

(b)  any of the following amounts, in respect of a capitalization period that begins after 29 February 2008:

i.  $150,000,000, if the paid-up capital of the shares of the capital stock of the Corporation is less than $1,250,000,000 at the end of any previous capitalization period, or

ii.  the lesser of $150,000,000 and the amount corresponding to the reduction in paid-up capital attributable to the aggregate of all the shares redeemed or purchased by agreement by the Corporation in the preceding capitalization period, in any other case;

“capitalization period” means any of the following periods:

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  a period that begins on 1 March of a year subsequent to the year 2006 and ends on the last day of the month of February of the following year;

(c)  (paragraph repealed);

(d)  (paragraph repealed);

(e)  (paragraph repealed);

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304; 2011, c. 6, s. 218.

2007-11-07

1129.27.4.1. In this Part,

“capitalization period” means a period within the liability period that is

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  the period that begins on 1 March 2007 and ends on 29 February 2008;

(c)  the period that begins on 1 March 2008 and ends on 28 February 2009;

(d)  the period that begins on 1 March 2009 and ends on 28 February 2010; or

(e)  the period that begins on 1 March 2010 and ends on 28 February 2011;

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“cumulative limit amount” applicable in respect of a capitalization period means

(a)  $725,000,000, in respect of the capitalization period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  $875,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(c)  $1,025,000,000, in respect of the capitalization period that begins on 1 March 2008 and ends on 28 February 2009;

(d)  $1,175,000,000, in respect of the capitalization period that begins on 1 March 2009 and ends on 28 February 2010; and

(e)  $1,325,000,000, in respect of the capitalization period that begins on 1 March 2010 and ends on 28 February 2011;

“liability period” means the period that begins on 24 March 2006 and ends on 28 February 2011;

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237; 2007, c. 12, s. 304.

2006-12-06

1129.27.4.1. In this Part,

“capitalization period” means a period within the liability period that is

(a)  the period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  the period that begins on 1 March 2007 and ends on 29 February 2008;

(c)  the period that begins on 1 March 2008 and ends on 28 February 2009;

(d)  the period that begins on 1 March 2009 and ends on 28 February 2010; or

(e)  the period that begins on 1 March 2010 and ends on 28 February 2011;

“Corporation” means the corporation governed by the Act constituting Capital régional et coopératif Desjardins (chapter C-6.1);

“cumulative limit amount” applicable in respect of a capitalization period means

(a)  $ 725,000,000, in respect of the capitalization period that begins on 24 March 2006 and ends on 28 February 2007;

(b)  $ 875,000,000, in respect of the capitalization period that begins on 1 March 2007 and ends on 29 February 2008;

(c)  $ 1,025,000,000, in respect of the capitalization period that begins on 1 March 2008 and ends on 28 February 2009;

(d)  $ 1,175,000,000, in respect of the capitalization period that begins on 1 March 2009 and ends on 28 February 2010; and

(e)  $ 1,325,000,000, in respect of the capitalization period that begins on 1 March 2010 and ends on 28 February 2011;

“liability period” means the period that begins on 24 March 2006 and ends on 28 February 2011;

“Minister” means the Minister of Revenue;

“paid-up capital” has the meaning assigned by section 1;

“share” means a share or fraction of a share of the capital stock of the Corporation.

2006, c. 36, s. 237.