I-3 - Taxation Act

Section 1029.8.36.72.37 Disposition versions

2021-06-04

1029.8.36.72.37. (Repealed).

2001, c. 51, s. 182; 2002, c. 40, s. 189; 2004, c. 21, s. 382; 2021, c. 18, s. 125.

2006-03-01

1029.8.36.72.37. For the purposes of this division, the following rules apply to a corporation, in this section referred to as the “new corporation”, resulting from the amalgamation, within the meaning of section 544, of two or more corporations, each of which is referred to in this section as a “predecessor corporation” :

(a)  if the new corporation has a base period, in relation to a calendar year, of less than 365 days, its base period, otherwise determined in relation to the calendar year, is deemed to include the period of the preceding calendar year, in this section referred to as the “preceding period”, commencing on the day on which a recognized business, or a business that would have been a recognized business if a qualification certificate had been issued in its respect, was first carried on in Québec by one of the predecessor corporations, and ending immediately before the amalgamation; and

(b)  for the purpose of determining the amount that the new corporation is deemed to have paid to the Minister under this division for the taxation year in which the calendar year ends, the new corporation is deemed to have paid, in the preceding period, the aggregate of all amounts each of which is the salary or wages paid by a predecessor corporation to an employee in a pay period, within the preceding period, for which the employee

i.  is an eligible employee of the predecessor corporation, or

ii.  if the employee reports for work at an establishment of the predecessor corporation situated in Québec, would be an eligible employee of the predecessor corporation if the establishment where the employee so reported for work had been situated in the Angus Technopole.

For the purposes of this section, a predecessor corporation includes any corporation in respect of which the predecessor corporation was a new corporation.

2001, c. 51, s. 182; 2002, c. 40, s. 189; 2004, c. 21, s. 382.