188.8.131.52. 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.