I-3 - Taxation Act

Section 1029.8.36.0.0.19 Disposition versions

2010-10-27

1029.8.36.0.0.19. (Repealed).

2002, c. 40, s. 137; 2003, c. 9, s. 212; 2010, c. 25, s. 135.

2006-03-01

1029.8.36.0.0.19. A qualified corporation that, in a taxation year, creates an eligible digital production and encloses, with the fiscal return it is required to file for the year under section 1000, the prescribed form containing the prescribed information, a copy of the valid certificate issued by Investissement Québec for the year in respect of the eligible digital production and, if the corporation is a member of an associated group at the end of the year, the agreement referred to in section 1029.8.36.0.0.22, is deemed, subject to the second paragraph, to have paid to the Minister on the corporation’s balance-due day for the year, on account of its tax payable for the year under this Part, an amount equal to 40% of its qualified labour expenditure for the year in respect of the eligible digital production.

For the purpose of computing the payments that a corporation referred to in the first paragraph is required to make under subparagraph a of the first paragraph of section 1027, or any of sections 1145, 1159.7, 1175 and 1175.19 where they refer to that subparagraph a, the corporation is deemed to have paid to the Minister, on account of the aggregate of its tax payable for the year under this Part and of its tax payable for the year under Parts IV, IV.1, VI and VI.1, on the date on or before which each payment is required to be made, an amount equal to the lesser of

(a)  the amount by which the amount determined under the first paragraph for the year exceeds the aggregate of all amounts each of which is the portion of that amount that may reasonably be considered to be deemed to have been paid to the Minister under this paragraph in the year but before that date; and

(b)  the amount by which the amount of that payment, determined without reference to this chapter, exceeds the aggregate of all amounts each of which is an amount that is deemed, under this chapter but otherwise than under the first paragraph, to have been paid to the Minister on that date, for the purpose of computing that payment.

2002, c. 40, s. 137; 2003, c. 9, s. 212.