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

Section 34.1.0.6 Disposition versions

2024-05-07

34.1.0.6. An employer’s total tax assistance for a taxation year or fiscal period, in respect of a large investment project, is equal either to the product obtained by multiplying the employer’s cumulative total eligible expenses at the end of the taxation year or fiscal period, as the case may be, in respect of the large investment project, by the rate provided for in section 737.18.17.19 of the Taxation Act (chapter I-3), in relation to the project, or, where the employer acquired all or substantially all of the activities arising from the carrying out of the project, subject to the second paragraph, the amount transferred to the employer pursuant to the agreement referred to in section 737.18.17.21 of the Taxation Act in respect of the transfer.

Where an employer has acquired all or substantially all of the activities arising from the carrying out of a large investment project before the end of the investment period in respect of that project, the amount that was transferred to the employer pursuant to the agreement referred to in section 737.18.17.21 of the Taxation Act in respect of the transfer, for any taxation year that ends on or after the day of the transfer, must be increased by an amount equal to the product obtained by multiplying by the rate provided for in section 737.18.17.19 of that Act, in respect of the project, the amount that would be the employer’s total eligible expenses, in respect of the large investment project, at the end of the investment period if the definition of “total eligible expenses” in the first paragraph of section 737.18.17.14 of the Taxation Act were read as if “in the investment period” were replaced by “in the part of the investment period that follows the day of the transfer”.

2024, c. 11, s. 149.