69.5. In addition to the interest payable under section 69.4, the person liable to make a payment under section 69.3 shall pay interest, on every payment or part of a payment which he has not made, at the rate fixed under section 28 of the Act respecting the Ministère du Revenu (chapter M-31), for the period extending from the date of expiry of the time for making the payment to the day of payment or to the date of expiry of the time for filing the report, whichever is earlier.
For the purposes of this section, a person required to make a payment under section 69.3 is deemed to have been liable to pay instalments based on that one of the methods contemplated in paragraphs 1 and 2 of section 69.3 that gives the lowest amount to be paid not later than the dates contemplated in those paragraphs by reference to:
(1) his charge payable for the year or for the preceding year; or
(2) his charge payable for the year preceding the year preceding that for which the instalments are computed, and his charge payable for the year preceding that for which the instalments are computed.
1982, c. 22, s. 3; 1999, c. 12, s. 4.