I-3 - Taxation Act

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1029.8.36.72.4. (Repealed).
2001, c. 51, s. 182; 2004, c. 21, s. 361; 2021, c. 18, s. 125.
1029.8.36.72.4. The agreement to which the second paragraph of section 1029.8.36.72.3 refers in respect of a calendar year means an agreement under which all of the qualified corporations carrying on, in the calendar year, a recognized business in the Québec area and that are associated with each other at the end of that calendar year attribute to one or more of their number, for the purposes of this division, one or more amounts the aggregate of which for the calendar year does not exceed the lesser of
(a)  the amount by which the aggregate of all amounts each of which is the salary or wages paid by one such corporation to an employee in a pay period, within the calendar year, for which the employee is an eligible employee exceeds the aggregate of all amounts each of which is the salary or wages paid by the corporation to an employee in a pay period, within the corporation’s base period in relation to that calendar year, for which the employee is an eligible employee or, where the calendar year, except in the case of a corporation that results from an amalgamation or a corporation to which section 1029.8.36.72.11 applies in relation to the calendar year, ends in the first taxation year of the corporation, an amount equal to zero; and
(b)  the amount by which the aggregate of all amounts each of which is the eligible amount of one such corporation for the calendar year exceeds the aggregate of all amounts each of which is the base amount of one such corporation in relation to that calendar year.
2001, c. 51, s. 182; 2004, c. 21, s. 361.