Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 21.4.1.1
Disposition versions

Full text
21.4.1.1. For the purposes of sections 21.2 to 21.3.1 and 21.4.1, the following rules apply:
(a)  a corporation incorporated without share capital is deemed to have a capital stock of a single class of shares;
(b)  each member, policyholder and other participant in the corporation is deemed to be a shareholder of the corporation; and
(c)  the membership, policy or other interest in the corporation of each of those participants is deemed to be the number of shares of the corporation’s capital stock that the Minister considers reasonable in the circumstances, having regard to the total number of participants in the corporation and the nature of their participation.
2000, c. 5, s. 19.
© Gouvernement du Québec