I-3 - Taxation Act

Section 1029.8.36.166.60.29 Disposition versions

2022-06-08

1029.8.36.166.60.29. The rate to which the first paragraph of sections 1029.8.36.166.60.27 and 1029.8.36.166.60.28 refers, in respect of a qualified corporation for a taxation year, means

(a)  in relation to an eligible information technology integration contract in respect of which the application for a certificate has been filed with Investissement Québec before 4 June 2014, the rate determined by the formula

25% – [25% × (A – $15,000,000)/$5,000,000]; or

(b)  in relation to an eligible information technology integration contract in respect of which the application for a certificate has been filed with Investissement Québec after 26 March 2015, the rate determined by the formula

20% – [20% × (A – $35,000,000)/$15,000,000].

In the formula in subparagraph a of the first paragraph, A is the greater of

(a)  $15,000,000; and

(b)  the lesser of $20,000,000 and

i.  when determining the rate for the purposes of the first paragraph of section 1029.8.36.166.60.27, the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23, or

ii.  when determining the rate for the purposes of the first paragraph of section 1029.8.36.166.60.28, the paid-up capital of the partnership of which the corporation is a member for its fiscal period that ends in the year, determined in accordance with section 1029.8.36.166.60.23 as if the partnership were a corporation whose taxation year corresponds to its fiscal period.

In the formula in subparagraph b of the first paragraph, A is the greater of

(a)  $35,000,000; and

(b)  the lesser of $50,000,000 and

i.  when determining the rate for the purposes of the first paragraph of section 1029.8.36.166.60.27, the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23, or

ii.  when determining the rate for the purposes of the first paragraph of section 1029.8.36.166.60.28, the paid-up capital of the partnership of which the corporation is a member for its fiscal period that ends in the year, determined in accordance with section 1029.8.36.166.60.23 as if the partnership were a corporation whose taxation year corresponds to its fiscal period.

2015, c. 21, s. 466; 2015, c. 36, s. 126; 2017, c. 1, s. 296; 2022, c. 23, s. 114.

2017-02-08

1029.8.36.166.60.29. The rate to which the first paragraph of sections 1029.8.36.166.60.27 and 1029.8.36.166.60.28 refers, in respect of a qualified corporation for a taxation year, means

(a)  in relation to an eligible information technology integration contract in respect of which the application for a certificate has been filed with Investissement Québec before 4 June 2014, the rate determined by the formula

25% – [25% × (A – $15,000,000)/$5,000,000]; or

(b)  in relation to an eligible information technology integration contract in respect of which the application for a certificate has been filed with Investissement Québec after 26 March 2015, the rate determined by the formula

20% – [20% × (A – $35,000,000)/$15,000,000].

In the formula in subparagraph a of the first paragraph, A is the greater of

(a)  $15,000,000; and

(b)  the lesser of $20,000,000 and the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23.

In the formula in subparagraph b of the first paragraph, A is the greater of

(a)  $35,000,000; and

(b)  the lesser of $50,000,000 and the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23.

2015, c. 21, s. 466; 2015, c. 36, s. 126; 2017, c. 1, s. 296.

2015-12-04

1029.8.36.166.60.29. The rate to which the first paragraph of sections 1029.8.36.166.60.27 and 1029.8.36.166.60.28 refers, in respect of a qualified corporation for a taxation year, means the rate determined by the formula

20% - [20% × (A - $15,000,;000)/$5,000,000].

In the formula in the first paragraph, A is the greater of

(a)  $15,000,000; and

(b)  the lesser of $20,000,000 and the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23.

For the purposes of sections 1029.8.36.166.60.27 and 1029.8.36.166.60.28, in relation to an eligible information technology integration contract in respect of which the application for a certificate has been filed with Investissement Québec before 4 June 2014, the percentage of 20% wherever it appears in the formula in the first paragraph is to be replaced by a percentage of 25%.

2015, c. 21, s. 466; 2015, c. 36, s. 126.

2015-10-21

1029.8.36.166.60.29. The rate to which the first paragraph of sections 1029.8.36.166.60.27 and 1029.8.36.166.60.28 refers, in respect of a qualified corporation for a taxation year, means the rate determined by the formula

25% - [25% × (A - $15,000,;000)/$5,000,000].

In the formula in the first paragraph, A is the greater of

(a)  $15,000,000; and

(b)  the lesser of $20,000,000 and the corporation’s paid-up capital for the year, determined in accordance with section 1029.8.36.166.60.23.

2015, c. 21, s. 466.