F-4.001 - Act to establish the Québec Youth Fund

Section 16 Disposition versions

2000-06-16

16. Section 14 applies to a taxation year of a corporation that ends after 14 March 2000. In addition, for the purposes, by reason of section 1186.8 of the Taxation Act (chapter I‐3) enacted by section 14, either of subparagraph a of the first paragraph of section 1027 of that Act for the purpose of computing, after 30 June 2000, the amount of a payment that a corporation is required to make, in respect of its contribution payable pursuant to Part VII.2 of that Act, enacted by section 14, for a particular taxation year, or of section 1038 of that Act for the purpose of computing the interest provided for therein that the corporation is required to pay, if any, in respect of the payment, the following rules apply :

(1)  Part VII.2 is deemed to have also been in force for any preceding taxation year for which it would not otherwise have been in force; and

(2)  the contribution payable by the corporation pursuant to Part VII.2 for the particular year or a preceding taxation year shall be computed as if the reference period within the meaning of section 1186.6 of that Act, enacted by section 14, also included the portion, prior to the date on which the period commenced, of the particular year and of any preceding taxation year.

2000, c. 14, s. 16.