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I-3 - Taxation Act
Section 750.2
Disposition versions
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2017 is to 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 amounts of $49,275, $98,540 and $119,910, wherever they are mentioned in section 750;
(b) the amount of $14,890 mentioned in section 752.0.0.1;
(c) the amounts of $3,537 and $5,154 mentioned in section 752.0.1;
(d) the amount of $33,755 mentioned in section 752.0.7.1;
(e) the amounts of $1,707, $2,107, $2,782 and $3,132, wherever they are mentioned in section 752.0.7.4;
(e.1) the amount of $5,000 mentioned in section 752.0.10.0.5;
(e.2) the amount of $5,000 mentioned in section 752.0.10.0.7;
(f) the amount of $3,307 mentioned in section 752.0.14; and
(g) the amounts of $12,638 and $3,537, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2017 is to 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 amounts of $49,275, $98,540 and $119,910, wherever they are mentioned in section 750;
(b) the amount of $14,890 mentioned in section 752.0.0.1;
(c) the amounts of $3,537 and $5,154 mentioned in section 752.0.1;
(d) the amount of $33,755 mentioned in section 752.0.7.1;
(e) the amounts of $1,707, $2,107, $2,782 and $3,132, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $3,307 mentioned in section 752.0.14; and
(g) the amounts of $12,638 and $3,537, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2017 is to 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 amounts of $42,705, $85,405 and $103,915, wherever they are mentioned in section 750;
(b) the amount of $14,890 mentioned in section 752.0.0.1;
(c) the amounts of $2,861 and $4,168 mentioned in section 752.0.1;
(d) the amount of $33,755 mentioned in section 752.0.7.1;
(e) the amounts of $1,707, $2,107, $2,782 and $3,132, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $3,307 mentioned in section 752.0.14; and
(g) the amounts of $10,222 and $2,861, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2017 is to 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 amounts of $42,705, $85,405 and $103,915, wherever they are mentioned in section 750;
(b) the amount of $14,890 mentioned in section 752.0.0.1;
(c) the amounts of $2,861 and $4,168 mentioned in section 752.0.1;
(d) the amount of $33,755 mentioned in section 752.0.7.1;
(e) the amounts of $1,707, $2,107, $2,782 and $3,132, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $3,307 mentioned in section 752.0.14; and
(g) the amounts of $10,222 and $2,861, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2007 is to 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 amounts of $37,500, $75,000 and $100,000, wherever they are mentioned in section 750;
(b) the amount of $10,215 mentioned in section 752.0.0.1;
(c) the amounts of $1,860 and $2,705 mentioned in section 752.0.1;
(d) the amount of $29,290 mentioned in section 752.0.7.1;
(e) the amounts of $1,180, $1,465, $2,000 and $2,200, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $2,295 mentioned in section 752.0.14; and
(g) the amounts of $6,650 and $1,860, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2007 is to 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 amounts of $37,500 and $75,000, wherever they are mentioned in section 750;
(b) the amount of $10,215 mentioned in section 752.0.0.1;
(c) the amounts of $1,860 and $2,705 mentioned in section 752.0.1;
(d) the amount of $29,290 mentioned in section 752.0.7.1;
(e) the amounts of $1,180, $1,465, $2,000 and $2,200, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $2,295 mentioned in section 752.0.14; and
(g) the amounts of $6,650 and $1,860, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2007 is to 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 amounts of $37,500 and $75,000, wherever they are mentioned in section 750;
(b) the amount of $10,215 mentioned in section 752.0.0.1;
(c) the amounts of $1,860 and $2,705 mentioned in section 752.0.1;
(d) the amount of $29,290 mentioned in section 752.0.7.1;
(e) the amounts of $1,180, $1,465 and $2,200, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $2,295 mentioned in section 752.0.14; and
(g) the amounts of $6,650 and $1,860, wherever they are mentioned in section 776.41.14.
750.2. Each of the amounts referred to in the fourth paragraph that must be used for a taxation year subsequent to the taxation year 2007 is to 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 paragraph refers are
(a) the amounts of $37,500 and $75,000, wherever they are mentioned in section 750;
(b) the amount of $10,215 mentioned in section 752.0.0.1;
(c) the amounts of $1,860 and $2,705 mentioned in section 752.0.1;
(d) the amount of $29,290 mentioned in section 752.0.7.1;
(e) the amounts of $1,180 and $1,465, wherever they are mentioned in section 752.0.7.4;
(f) the amount of $2,295 mentioned in section 752.0.14; and
(g) the amounts of $6,650 and $1,860, wherever they are mentioned in section 776.41.14.
750.2. 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 amounts of $27,635 and $55,280, wherever they are mentioned in section 750;
(b) the amounts of $6,275 and $2,925 mentioned in section 752.0.0.1;
(c) the amounts of $1,380, $1,755, $2,550 and $2,765, wherever they are mentioned in section 752.0.1;
(d) the amount of $27,635 mentioned in section 752.0.7.1;
(e) the amount of $1,115, wherever it is mentioned in section 752.0.7.4; and
(f) the amount of $2,250 mentioned in section 752.0.14.
For the purposes of the first paragraph in respect of an amount 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.
