I-3 - Taxation Act

Section 1029.8.36.0.3.53 Disposition versions

2021-06-04

1029.8.36.0.3.53. (Repealed).

2002, c. 9, s. 74; 2002, c. 40, s. 142; 2004, c. 21, s. 328; 2021, c. 18, s. 119.

2006-03-01

1029.8.36.0.3.53. For the purposes of section 1029.8.36.0.3.50, where a corporation, in this section referred to as the “new corporation”, is the result of the amalgamation, within the meaning of section 544, of several corporations, in this section each referred to as a “predecessor corporation”, the new corporation is deemed, subject to the second paragraph, to have paid in the base calendar year of the corporation and the part of the calendar year preceding the amalgamation, the aggregate of all amounts each of which is the wages paid by a predecessor corporation in the base calendar year and the part of the calendar year preceding the amalgamation to an employee who reports for work at an establishment of the predecessor corporation situated in Québec.

For the purposes of section 1029.8.36.0.3.50 and for the purpose of determining the modified rate for a particular year of operation of a new corporation that is subsequent to its fifth year of operation, where an amalgamation, within the meaning of section 544, occurs at any time in a calendar year that ends in one of the first four years of operation of a predecessor corporation, where the new corporation is the result of the amalgamation of the predecessor corporation and another corporation, other than a corporation that is an associated employer of the predecessor corporation at the end of the base calendar year of the predecessor corporation that, at any time in the 12-month period preceding the amalgamation or, where the other corporation began to exist at any time in the 12-month period preceding the amalgamation, at any time in the period that begins at the time when that other corporation begins to exist and that ends at the time of the amalgamation, did not hold a valid qualification certificate referred to in the first paragraph of section 1029.8.36.0.3.48, the new corporation is deemed to have paid in its base calendar year, the aggregate of all amounts each of which is the wages paid by the predecessor corporation in the base calendar year to an employee who reports for work at the establishment of the predecessor corporation situated in Québec.

For the purposes of this section, a predecessor corporation includes a corporation in respect of which the predecessor corporation was a new corporation.

For the purposes of the second paragraph, a reference to a calendar year that ends in a year of operation includes the reference to a calendar year ending coincidentally with that of the year of operation.

2002, c. 9, s. 74; 2002, c. 40, s. 142; 2004, c. 21, s. 328.