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I-3 - Taxation Act

Section 1029.8.36.166.60.44
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1029.8.36.166.60.44. For the purposes of this division, the gross revenue that applies to a corporation for a taxation year is its gross revenue for the preceding taxation year.
Where a corporation is a member of an associated group in a taxation year, the gross revenue that applies to it for the year is the amount that would be the associated group’s gross revenue for its preceding taxation year if it were computed on the basis of the consolidated income statement of the members of the associated group for the preceding year and each member of the group had an establishment in Québec.
For the purpose of preparing the consolidated income statement of the members of an associated group for a particular taxation year of a corporation, the income statements taken into account are that of the corporation for the particular year and those of the other corporations that are members of the group for their taxation year that ends in the particular year.
2021, c. 14, s. 151; 2023, c. 2, s. 54.
1029.8.36.166.60.44. For the purposes of this division, the gross revenue that applies to a qualified corporation for a taxation year is its gross revenue for the preceding taxation year.
Where a qualified corporation is a member of an associated group in a taxation year, the gross revenue that applies to it for the year is the amount that would be the associated group’s gross revenue for its preceding taxation year if it were computed on the basis of the consolidated income statement of the members of the associated group for the preceding year and each member of the group had an establishment in Québec.
For the purpose of preparing the consolidated income statement of the members of an associated group for a particular taxation year of a corporation, the income statements taken into account are that of the corporation for the particular year and those of the other corporations that are members of the group for their taxation year that ends in the particular year.
2021, c. 14, s. 151.
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