R-24.0.1, r. 1 - Regulation respecting the preventive withdrawal of certain home educational childcare providers

Section 16 Disposition versions

2022-04-12

16. The net average annual eligible income is computed on the basis of the calculation chart provided for in section 11. It is equal to the gross average annual eligible income as determined in section 17, from which the result of the computation of business expenses related to subsidized childcare operations is deducted.

The total amount of business expenses eligible for the purposes of the first paragraph is obtained by multiplying the gross average annual eligible income by the percentage obtained by applying the following formula:

(A-B)/A × 100.

For the purposes of the formula in the second paragraph,

(1)  A is the gross income related to subsidized childcare operations declared on line 12 of Schedule L or line 130 of form TP-80 of the Québec fiscal return referred to in section 1000 of the Taxation Act (chapter I-3) or on line 130 of form TP-80-V;

(2)  B is the net income related to subsidized childcare operations declared on line 22 of Schedule L or line 264 of form TP-80 of the Québec fiscal return or on line 264 of form TP-80-V.

Home educational childcare providers who can refer to their Québec fiscal return for the last taxation year preceding the current year must provide the coordinating office with Schedule L or form TP-80-V of the fiscal return to determine their income and business expenses related to subsidized childcare operations. Home educational childcare providers who cannot refer to it because it has yet to be filed must refer to their Québec fiscal return corresponding to the second year preceding the current year.

In either case, if a home educational childcare provider has never filed a Québec fiscal return related to subsidized childcare operations, it must provide the coordinating office with Schedule L to the Québec fiscal return established in accordance with form TP-80-V to determine income and expenses. Form TP-80-V must present an estimate of the home educational childcare provider’s business expenses related to subsidized childcare operations corresponding to the provider’s next fiscal return to be filed.

O.C. 865-2019, s. 16.

2019-09-19

16. The net average annual eligible income is computed on the basis of the calculation chart provided for in section 11. It is equal to the gross average annual eligible income as determined in section 17, from which the result of the computation of business expenses related to subsidized childcare operations is deducted.

The total amount of business expenses eligible for the purposes of the first paragraph is obtained by multiplying the gross average annual eligible income by the percentage obtained by applying the following formula:

(A-B)/A × 100.

For the purposes of the formula in the second paragraph,

(1)  A is the gross income related to subsidized childcare operations declared on line 12 of Schedule L or line 130 of form TP-80 of the Québec fiscal return referred to in section 1000 of the Taxation Act (chapter I-3) or on line 130 of form TP-80-V;

(2)  B is the net income related to subsidized childcare operations declared on line 22 of Schedule L or line 264 of form TP-80 of the Québec fiscal return or on line 264 of form TP-80-V.

Home childcare providers who can refer to their Québec fiscal return for the last taxation year preceding the current year must provide the coordinating office with Schedule L or form TP-80-V of the fiscal return to determine their income and business expenses related to subsidized childcare operations. Home childcare providers who cannot refer to it because it has yet to be filed must refer to their Québec fiscal return corresponding to the second year preceding the current year.

In either case, if a home childcare provider has never filed a Québec fiscal return related to subsidized childcare operations, it must provide the coordinating office with Schedule L to the Québec fiscal return established in accordance with form TP-80-V to determine income and expenses. Form TP-80-V must present an estimate of the home childcare provider’s business expenses related to subsidized childcare operations corresponding to the provider’s next fiscal return to be filed.

O.C. 865-2019, s. 16.

Not in force

In force: 2019-09-19

16. The net average annual eligible income is computed on the basis of the calculation chart provided for in section 11. It is equal to the gross average annual eligible income as determined in section 17, from which the result of the computation of business expenses related to subsidized childcare operations is deducted.

The total amount of business expenses eligible for the purposes of the first paragraph is obtained by multiplying the gross average annual eligible income by the percentage obtained by applying the following formula:

(A-B)/A × 100.

For the purposes of the formula in the second paragraph,

(1)  A is the gross income related to subsidized childcare operations declared on line 12 of Schedule L or line 130 of form TP-80 of the Québec fiscal return referred to in section 1000 of the Taxation Act (chapter I-3) or on line 130 of form TP-80-V;

(2)  B is the net income related to subsidized childcare operations declared on line 22 of Schedule L or line 264 of form TP-80 of the Québec fiscal return or on line 264 of form TP-80-V.

Home childcare providers who can refer to their Québec fiscal return for the last taxation year preceding the current year must provide the coordinating office with Schedule L or form TP-80-V of the fiscal return to determine their income and business expenses related to subsidized childcare operations. Home childcare providers who cannot refer to it because it has yet to be filed must refer to their Québec fiscal return corresponding to the second year preceding the current year.

In either case, if a home childcare provider has never filed a Québec fiscal return related to subsidized childcare operations, it must provide the coordinating office with Schedule L to the Québec fiscal return established in accordance with form TP-80-V to determine income and expenses. Form TP-80-V must present an estimate of the home childcare provider’s business expenses related to subsidized childcare operations corresponding to the provider’s next fiscal return to be filed.

O.C. 865-2019, s. 16.