I-3 - Taxation Act

Section 1029.8.36.72.82.1.1 Disposition versions

2010-10-27

1029.8.36.72.82.1.1. A corporation’s tax assistance limit for a taxation year is the aggregate of

(a)  the corporation’s base amount for the year; and

(b)  the amount determined by the formula

5% × A × B/C.

In the formula in subparagraph b of the first paragraph,

(a)  A is the corporation’s gross revenue for the year;

(b)  B is the aggregate of all amounts each of which is a salary or wages paid by the corporation in the taxation year to an employee who reports for work, in the year, at an establishment of the corporation situated in a resource region or in the administrative region 11 Gaspésie–Îles-de-la-Madeleine described in the Décret concernant la révision des limites des régions administratives du Québec (chapter D-11, r. 1); and

(c)  C is the aggregate of all amounts each of which is a salary or wages paid to an employee by the corporation in the taxation year.

For the purposes of the second paragraph, if the amount represented by B, otherwise determined in respect of a corporation for a taxation year, is equal to or greater than 90% of the amount represented by C, determined in respect of the corporation for the year, the corporation is deemed to have paid salaries or wages in the year only to employees who reported for work, in the year, at an establishment of the corporation situated in a region referred to in subparagraph b of the second paragraph.

2010, c. 25, s. 141.