I-3 - Taxation Act

Section 1038.1 Disposition versions

2011-04-01

1038.1. Notwithstanding section 1038, the interest payable by a taxpayer under the said section shall not exceed the amount by which the interest that would be payable by the taxpayer under the said section if he had made no payments exceeds the amount obtained by computing interest at the rate fixed under the first paragraph of section 28 of the Tax Administration Act (chapter A-6.002) capitalized daily on each payment made by the taxpayer, for the period extending from the day of the payment to the taxpayer’s balance-due day.

1988, c. 4, s. 127; 1997, c. 31, s. 123; 2006, c. 13, s. 197; 2010, c. 31, s. 175.

2006-06-13

1038.1. Notwithstanding section 1038, the interest payable by a taxpayer under the said section shall not exceed the amount by which the interest that would be payable by the taxpayer under the said section if he had made no payments exceeds the amount obtained by computing interest at the rate fixed under the first paragraph of section 28 of the Act respecting the Ministère du Revenu (chapter M-31) capitalized daily on each payment made by the taxpayer, for the period extending from the day of the payment to the taxpayer’s balance-due day.

1988, c. 4, s. 127; 1997, c. 31, s. 123; 2006, c. 13, s. 197.

2006-03-01

1038.1. Notwithstanding section 1038, the interest payable by a taxpayer under the said section shall not exceed the amount by which the interest that would be payable by the taxpayer under the said section if he had made no payments exceeds the amount obtained by computing interest at the rate fixed under section 28 of the Act respecting the Ministère du Revenu (chapter M-31) capitalized daily on each payment made by the taxpayer, for the period extending from the day of the payment to the taxpayer’s balance-due day.

1988, c. 4, s. 127; 1997, c. 31, s. 123.