21.4.20. For the purpose of computing the Québec tax results of a particular taxpayer for each taxation year that is a functional currency year or a reversionary year of the particular taxpayer, this chapter is to be applied as if each partnership of which the particular taxpayer is a member in the taxation year were a taxpayer that(a) had as its first functional currency year its first fiscal period thati. is a fiscal period during which the particular taxpayer is a member of the partnership,
ii. begins after 13 December 2007, and
iii. ends at least six months after the day that is six months before the end of the particular taxpayer’s first functional currency year;
(b) had as its last Canadian currency year its last fiscal period that ends before its first functional currency year;
(c) had as its first reversionary year its first fiscal period that begins after the particular taxpayer’s last functional currency year;
(d) is a taxpayer to which section 21.4.19 applies in respect of each of its fiscal periods that is, or begins after, its first functional currency year and that ends before its first reversionary year;
(e) had as its elected functional currency in respect of each fiscal period described in paragraph d the elected functional currency of the particular taxpayer; and
(f) had as its last functional currency year its last fiscal period that ends before its first reversionary year.