I-3 - Taxation Act

Section 737.18.17.10.1 Disposition versions

2024-05-07

737.18.17.10.1. The agreement to which subparagraph e of the third paragraph of section 737.18.17.5.1 refers in respect of a particular fiscal period of a partnership, in relation to a large investment project of the partnership, is the agreement under which the partnership and all its members agree on an amount in respect of the partnership’s maximum annual tax assistance amount, for that fiscal period, in relation to the large investment project, for the purpose of allocating to each corporation that is a member of the partnership, for its taxation year in which the particular fiscal period ends, its share of the agreed amount, which amount must not be greater than that maximum amount.

A partnership’s maximum annual tax assistance amount, for a particular fiscal period of the partnership, in relation to a large investment project, is the amount that would be determined for that fiscal period in respect of the large investment project using the formula in the second paragraph of section 34.1.0.3.1 of the Act respecting the Régie de l’assurance maladie du Québec (chapter R-5), if subparagraph ii of subparagraph b of the fifth paragraph of that section were read without reference to “the particular fiscal period or”.

The share of a corporation that is a member of the partnership of the amount agreed on pursuant to an agreement referred to in the first paragraph, in respect of a fiscal period, is the agreed proportion of that amount in respect of the corporation for the partnership’s fiscal period.

2024, c. 11, s. 68.