R-5 - Act respecting the Régie de l’assurance maladie du Québec

Section 34.1.0.1 Disposition versions

2022-06-08

34.1.0.1. (Repealed).

2002, c. 40, s. 331; 2009, c. 5, s. 584; 2022, c. 23, s. 170.

2009-05-15

34.1.0.1. For the purposes of the sixth paragraph of section 34, the following rules apply:

(a)  wages paid or deemed to be paid by a qualified corporation in both a year and the qualified corporation’s exemption period must be reduced by the portion of those wages that may reasonably be considered to be attributable to transferred activities mentioned in a qualification certificate issued to the corporation in relation to that year by Investissement Québec for the purposes of Title VII.2.4 of Book IV of Part I of the Taxation Act (chapter I-3); and

(b)  the proportion to which that sixth paragraph refers is determined by the formula

1 - [(A - $20,000,000)/$10,000,000].

In the formula provided for in subparagraph b of the first paragraph, A is the greater of $20,000,000 and the paid-up capital attributed to the corporation for the taxation year, determined in accordance with section 737.18.24 of the Taxation Act.

2002, c. 40, s. 331; 2009, c. 5, s. 584.

2002-10-17

34.1.0.1. The proportion to which the sixth paragraph of section 34 refers, for a taxation year, is determined by the formula

1-[(A - $20,000,000) / $10,000,000].

In the formula provided for in the first paragraph, A is the greater of $20,000,000 and the paid-up capital attributed to the qualified corporation for the taxation year determined in accordance with section 737.18.24 of the Taxation Act (chapter I-3).

2002, c. 40, s. 331.