I-3 - Taxation Act

Section 726.4.7.1 Disposition versions

2006-03-01

726.4.7.1. For the purposes of sections 726.4.6 and 726.4.7, the stated percentage applicable to an individual referred to therein, in respect of a certified Québec film, is

(a)  66 2/3% in the case of any such film

i.  described in section 726.4.7.2, or

ii.  described in section 726.4.7.3 where the financial commitment of the individual or of the partnership of which he is a member, as the case may be, to the film is more than 55% of the capital cost of the film to the individual or partnership, as the case may be;

(b)  33 1/3% in the case of any such film described in section 726.4.7.3 where the financial commitment of the individual or of the partnership of which he is a member, as the case may be, to the film is more than 45%, but not over 55%, of the capital cost of the film to the individual or partnership, as the case may be;

(c)  0% in the case of any other film described in section 726.4.7.3.

1991, c. 8, s. 17; 1997, c. 3, s. 71.