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I-3 - Taxation Act

Section 1129.52
Disposition versions

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1129.52. Every trust that, at the end of a taxation year, is an environmental trust resident in Québec (other than a trust that is at that time described in paragraph p or q of section 998) shall pay a tax for the year equal to the amount obtained by applying the basic rate that would be determined in its respect for the year under section 771.0.2.3.1 if the trust were a corporation other than a financial institution or an oil refining corporation, within the meaning assigned to those expressions by section 771.1, to its income determined under Part I for the year.
For the purposes of the first paragraph, the income under Part I of an environmental trust shall be computed as if this Act were read without reference to sections 652, 653 to 657.4, 659 to 668.3, 669.1 to 671.4, 680, 681, 684 to 688.2, 690.0.1 and 691 to 692 and without reference to the portion of the income that may reasonably be considered to be the share of a person exempt from tax under Part I.
1996, c. 39, s. 270; 2000, c. 5, s. 287; 2003, c. 9, s. 414; 2009, c. 5, s. 530; 2013, c. 10, s. 171; 2015, c. 21, s. 520; 2017, c. 1, s. 384.
1129.52. Every trust that, at the end of a taxation year, is an environmental trust resident in Québec (other than a trust that is at that time described in paragraph p or q of section 998) shall pay a tax for the year equal to the amount obtained by applying the basic rate that would be determined in its respect for the year under section 771.0.2.3.1 if the trust were a corporation other than a financial institution or an oil refining corporation, within the meaning assigned to those expressions by section 771.1, to its income determined under Part I for the year.
For the purposes of the first paragraph, the income under Part I of an environmental trust shall be computed as if this Act were read without reference to sections 652, 653 to 657.4, 659 to 668.3, 669.1 to 671.4, 680 to 682, 684 to 688.2, 690.0.1 and 691 to 692 and without reference to the portion of the income that may reasonably be considered to be the share of a person exempt from tax under Part I.
1996, c. 39, s. 270; 2000, c. 5, s. 287; 2003, c. 9, s. 414; 2009, c. 5, s. 530; 2013, c. 10, s. 171; 2015, c. 21, s. 520.
1129.52. Every trust that, at the end of a taxation year, is an environmental trust resident in Québec (other than a trust that is at that time described in paragraph p or q of section 998) shall pay a tax for the year equal to the amount obtained by applying the basic rate that would be determined in its respect for the year under section 771.0.2.3.1 if the trust were a corporation other than a financial institution or an oil refining corporation, within the meaning assigned to those expressions by section 771.1, to its income determined under Part I for the year.
For the purposes of the first paragraph, the income under Part I of an environmental trust shall be computed as if this Act were read without reference to sections 652, 653 to 657.4, 659 to 668.3, 668.5 to 671.4, 680 to 682, 684 to 688.2, 690.0.1 and 691 to 692 and without reference to the portion of the income that may reasonably be considered to be the share of a person exempt from tax under Part I.
1996, c. 39, s. 270; 2000, c. 5, s. 287; 2003, c. 9, s. 414; 2009, c. 5, s. 530; 2013, c. 10, s. 171.
1129.52. Every trust that, at the end of a taxation year, is an environmental trust resident in Québec shall pay a tax for the year equal to the amount obtained by applying the basic rate that would be determined in its respect for the year under section 771.0.2.3.1 if the trust were a corporation other than a financial institution or an oil refining corporation, within the meaning assigned to those expressions by section 771.1, to its income determined under Part I for the year.
For the purposes of the first paragraph, the income under Part I of an environmental trust shall be computed as if this Act were read without reference to sections 652, 653 to 657.4, 659 to 668.3, 668.5 to 671.4, 680 to 682, 684 to 688.2, 690.0.1 and 691 to 692 and without reference to the portion of the income that may reasonably be considered to be the share of a person exempt from tax under Part I.
1996, c. 39, s. 270; 2000, c. 5, s. 287; 2003, c. 9, s. 414; 2009, c. 5, s. 530.
1129.52. Every trust that, at the end of a taxation year, is an environmental trust resident in Québec shall pay a tax for the year equal to 16.25% of its income under Part I for the year.
For the purposes of the first paragraph, the income under Part I of an environmental trust shall be computed as if this Act were read without reference to sections 652, 653 to 657.4, 659 to 668.3, 668.5 to 671.4, 678 to 682, 684 to 688.2, 690.0.1 and 691 to 692 and without reference to the portion of the income that may reasonably be considered to be the share of a person exempt from tax under Part I.
1996, c. 39, s. 270; 2000, c. 5, s. 287; 2003, c. 9, s. 414.
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