79. The fees set out in Schedules I and II and the charges prescribed by government regulation are indexed on 1 January of each year in such a way that the amount applicable for the year is equal to the total of the amount applicable for the preceding year and the amount obtained by multiplying that amount by the factor determined by the formula
(A/B) – 1.
In the formula in the first paragraph,(1) A is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the year preceding that for which an amount is to be indexed; and
(2) B is the average all-items Consumer Price Index for Québec excluding alcoholic beverages, tobacco products and recreational cannabis for the 12-month period that ended on 30 September of the year immediately before the year preceding that for which the amount is to be indexed.
If the factor determined under the first paragraph is less than zero, it is deemed to be equal to zero.
The amounts resulting from the indexation provided for in the first paragraph are rounded down to the nearest dollar if they include a fraction of a dollar that is less than $0.50, or up to the nearest dollar if they include a fraction of a dollar that is equal to or greater than $0.50.
The Minister informs the public of the indexed amounts, by whatever means the Minister considers appropriate, before 1 January of the year to which they apply.
2010, c. 7, s. 79; 2020, c. 52020, c. 5, s. 21415.