S-34 - Act respecting fiscal incentives to industrial development

Section 9 Disposition versions

1977-12-31

9. The election contemplated in section 4 in respect of a taxation year takes effect at the time of the assessment, by the Minister of Revenue, of the fiscal return, mentioned in section 8, filed by the corporation for the year, if the corporation has paid, to the Minister of Revenue, at that time or earlier, all the duties, within the meaning of the Act respecting the Ministère du Revenu (chapter M-31), interest and penalties exigible from it, at such time, under a fiscal law; otherwise, the election takes effect from the time the corporation pays to the Minister of Revenue the total of all such duties, interest and penalties exigible from it at the time of such latter payment.

1977, c. 59, s. 9.