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I-3 - Taxation Act

Section 965.32
Disposition versions

Full text
965.32. An individual, other than a trust, who is resident in Québec on 31 December of a year may deduct in computing his taxable income for that year an amount not exceeding the sum of the aggregate of the amounts representing his adjusted interest in a qualified investment for the year and the unused portion of his deduction relating to an adjusted interest in a qualified investment for the year.
However, the amount of the deduction provided for in the first paragraph shall not exceed 30% of the individual’s total income for the year.
1986, c. 15, s. 150; 1987, c. 21, s. 65; 1990, c. 7, s. 138; 1993, c. 64, s. 118.
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