S-29.02 - Trust Companies and Savings Companies Act

Full text
274. The costs that must be incurred by the Authority for the administration of this Act are to be borne by the authorized trust companies; they are determined annually by the Government based on the forecasts provided to it by the Authority.
Such costs, for each company, correspond to the sum of the minimum contribution set by the Government and the proportion of those costs corresponding to the proportion that the company’s gross income in Québec for the preceding year is of the aggregate of the similar income of all the companies for the same period.
The difference noted between the forecast of the costs that must be incurred for the administration of this Act for a year and those actually incurred for the same year must be carried over to the similar costs determined by the Government for the year after the difference is noted.
A certificate of the Authority must definitively establish the amount payable by each company under this section.
2018, c. 232018, c. 23, s. 395.
In force: 2019-06-13
274. The costs that must be incurred by the Authority for the administration of this Act are to be borne by the authorized trust companies; they are determined annually by the Government based on the forecasts provided to it by the Authority.
Such costs, for each company, correspond to the sum of the minimum contribution set by the Government and the proportion of those costs corresponding to the proportion that the company’s gross income in Québec for the preceding year is of the aggregate of the similar income of all the companies for the same period.
The difference noted between the forecast of the costs that must be incurred for the administration of this Act for a year and those actually incurred for the same year must be carried over to the similar costs determined by the Government for the year after the difference is noted.
A certificate of the Authority must definitively establish the amount payable by each company under this section.
2018, c. 232018, c. 23, s. 395.