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I-3 - Taxation Act

Section 1049.1.4
Disposition versions

Full text
1049.1.4. (Repealed).
1997, c. 85, s. 277; 1999, c. 83, s. 273; 2001, c. 7, s. 169; 2017, c. 29, s. 201.
1049.1.4. Notwithstanding section 1049.1.1, where a corporation referred to in section 965.11.7.1 makes a public issue of preferred shares meeting the requirements set forth in paragraph b of section 965.9.1.0.4.2 or 965.9.1.0.5 and the preferred shares are not listed on a Canadian stock exchange within 90 days of the date of the receipt for the final prospectus or the exemption from filing a prospectus in respect of their issue, the corporation incurs a penalty equal to 25% of the adjusted cost, determined under section 965.6, of each preferred share of the issue distributed in Québec to an individual other than a trust, to an investment group or to an investment fund.
1997, c. 85, s. 277; 1999, c. 83, s. 273; 2001, c. 7, s. 169.
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