I-3 - Taxation Act

Section 1029.8.36.59.42.1 Disposition versions

2017-02-08

1029.8.36.59.42.1. If a particular corporation does not have a taxation year ended before 1 January 2013 and it results from the amalgamation after 31 December 2011 of two or more corporations (in this section referred to as “predecessor corporations”) that were carrying on damage insurance activities in Québec during their last taxation year ended before 1 January 2013, the following rules apply:

(a)  for the purposes of the definition of “qualified corporation” in section 1029.8.36.59.42, the particular corporation is deemed to have carried on damage insurance activities in Québec during its last taxation year ended before 1 January 2013; and

(b)  the qualified expenditure of the particular corporation is equal to the aggregate of all amounts each of which is the qualified expenditure of a predecessor corporation.

2017, c. 1, s. 281.