I-3 - Taxation Act

Section 1029.8.36.72.70 Disposition versions

2021-06-04

1029.8.36.72.70. (Repealed).

2002, c. 40, s. 197; 2003, c. 9, s. 314; 2004, c. 21, s. 406; 2005, c. 23, s. 198; 2021, c. 18, s. 125.

2010-03-01

1029.8.36.72.70. In this division,

“base amount” of a corporation, in relation to a particular recognized business, means

(a)  except in respect of a corporation that results from an amalgamation, an amount equal to zero, where, at no time in its base period in relation to the particular recognized business, the corporation carried on a business in Québec in the sectors of activity described in any of paragraphs a to h of the definition of “recognized business” ; and

(b)  in any other case, the aggregate of all amounts each of which is

i.  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec, that were paid by the corporation in the course of carrying on the particular recognized business, in respect of a period within its base period, in relation to the particular recognized business for which the employee was an eligible employee of the corporation or would have been an eligible employee of the corporation if the establishment where the employee so reported had been situated in an eligible region, or

ii.  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec, that were paid by the corporation in the course of carrying on any given business that is not a recognized business, in respect of a period within its base period, in relation to the particular recognized business for which the employee would have been an eligible employee of the corporation if the given business had been a recognized business of the corporation and if, in the event that the establishment of the corporation where the employee so reported for work was not situated in an eligible region, the establishment where the employee so reported had been situated in an eligible region, unless an amount is included, in respect of the employee, in relation to the given business, in computing the base amount of the corporation in relation to another recognized business;

“base period” of a corporation, in relation to a recognized business, means the calendar year that precedes the calendar year in which the eligibility period of a corporation in relation to the recognized business begins;

“eligibility period” of a corporation, in relation to a recognized business, means, subject to the second paragraph, the period that begins on 1 January of the first calendar year in respect of which the corporation obtains its qualification certificate in relation to the recognized business and that ends on 31 December 2002;

“eligible amount” of a corporation for a calendar year means the aggregate of all amounts each of which is

(a)  the salary or wages paid by the corporation to an employee in respect of a period within the year for which the employee is an eligible employee, in relation to a recognized business of the corporation; or

(b)  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec that were paid by the corporation in respect of a period within the year for which the employee would be an eligible employee of the corporation if the establishment where the employee so reported for work had been situated in an eligible region;

“eligible employee” of a corporation for a period within a calendar year, in relation to a recognized business of the corporation, means an employee who, during that period, reports for work at an establishment of the corporation situated in an eligible region and who, throughout that period, spends, when at work, at least 75% of the time undertaking, supervising or supporting, in the course of the carrying on by the corporation of the recognized business or another recognized business of the corporation in the year, work that is directly related to activities described in any of paragraphs a to h of the definition of “recognized business” and in the qualification certificate issued, for the purposes of this division, to the corporation for the year in respect of such a recognized business;

“eligible region” means

(a)  one of the following administrative regions described in the Décret concernant la révision des limites des régions administratives du Québec (chapter D-11, r. 1):

i.  administrative region 01 Bas-Saint-Laurent,

ii.  administrative region 02 Saguenay–Lac-Saint-Jean,

iii.  administrative region 04 Mauricie,

iv.  administrative region 08 Abitibi-Témiscamingue,

v.  administrative region 09 Côte-Nord,

vi.  administrative region 10 Nord-du-Québec, or

vii.  administrative region 11 Gaspésie–Îles-de-la-Madeleine; or

(b)  one of the following regional county municipalities:

i.  Municipalité régionale de comté d’Antoine-Labelle,

ii.  Municipalité régionale de comté de La Vallée-de-la-Gatineau, or

iii.  Municipalité régionale de comté de Pontiac;

“eligible repayment of assistance” for a taxation year of a qualified corporation means the aggregate of

(a)  where the qualified corporation pays in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph a of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the qualified corporation to an employee for the purpose of computing the amount referred to in subparagraph a of the first paragraph of section 1029.8.36.72.71 that relates to a calendar year preceding the calendar year ending in the taxation year, the amount by which the amount that would have been determined under that subparagraph a in respect of the qualified corporation in relation to the preceding calendar year if each of the amounts of assistance paid in respect of the salary or wages had been reduced by any amount paid by the qualified corporation, in respect of such an amount of assistance, as repayment in the taxation year or a preceding taxation year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.71 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a taxation year preceding the taxation year under this paragraph in relation to a repayment of assistance;

(b)  where a corporation pays in a calendar year ending in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph a of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the corporation to an employee, for the purpose of computing the amount referred to in subparagraph a of the first paragraph of section 1029.8.36.72.72 that relates to a calendar year preceding the calendar year in relation to the qualified corporation at the end of which the qualified corporation was not associated with any other qualified corporation that was carrying on a recognized business in an eligible region for its taxation year in which the preceding calendar year ended, the amount by which the amount that would have been determined under that subparagraph a in respect of the qualified corporation in relation to the preceding calendar year if each of the amounts of assistance paid in respect of the salary or wages had been reduced by any amount paid, in respect of such an amount of assistance, as repayment in the calendar year or a preceding calendar year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a calendar year preceding the calendar year under this paragraph in relation to a repayment of assistance; and

(c)  where a qualified corporation pays in a calendar year ending in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph b of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the qualified corporation to an employee, for the purpose of computing the excess amount referred to in paragraph a or c of section 1029.8.36.72.73 determined, in respect of a calendar year preceding the calendar year, in relation to all of the corporations that were associated with each other at the end of that preceding calendar year and with which the qualified corporation was associated at that time, the amount by which the amount that would have been determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year if, for the purposes of paragraph a or c of section 1029.8.36.72.73 in relation to that preceding calendar year, each of the amounts of assistance in respect of the salary or wages had been reduced by any amount paid, in respect of such an amount of assistance, as repayment in the calendar year or a preceding calendar year, and if the amount determined pursuant to section 1029.8.36.72.73 had been attributed to a qualified corporation in the same proportion as that determined in its respect in relation to the preceding calendar year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a calendar year preceding the calendar year under this paragraph in relation to a repayment of assistance;

“qualified corporation”, for a calendar year, means a corporation that, in the year, carries on a qualified business in Québec and has an establishment in Québec, but does not include

(a)  a corporation that is exempt from tax under Book VIII for the taxation year in which the calendar year ends; or

(b)  a corporation that would be exempt from tax under section 985 for the taxation year in which the calendar year ends, but for section 192;

“recognized business” of a corporation for a taxation year means, subject to the fourth paragraph, a business carried on by the corporation in the year and in respect of which a qualification certificate is issued by Investissement Québec for the purposes of this division certifying that its activities are

(a)  the manufacturing, processing and, as the case may be, the commercialization of any of the following products:

i.  finished or semi-finished products using wood, metals, non-metallic minerals, peat, slate, gemstones or semi-precious stones,

ii.  paper or paperboard products, and

iii.  crate components;

(b)  the manufacturing, processing and, as the case may be, the commercialization of food products;

(c)  the manufacturing and, as the case may be, the commercialization of specialized equipment for logging operations, wood processing, paper or paperboard manufacturing, mining, metal processing or fresh-water aquaculture;

(d)  the production and, as the case may be, the commercialization of ecological non-conventional energy using the biomass or hydrogen;

(e)  the manufacturing and, as the case may be, the commercialization of products or specialized equipment for the production or use of energy;

(f)  the reclaiming, recycling and, as the case may be, the commercialization of residues and waste from the development or processing of natural resources;

(g)  fresh-water aquaculture and, as the case may be, the commercialization of that activity;

(g.1)  the bead setting of gemstones or semi-precious stones;

(g.2)  jewellery making;

(g.3)  printing or publishing, including activities relating to typesetting, printing, collating, folding and bundling;

(g.4)  the seasoning of building timber in kilns or timber planing; or

(h)  activities related to the activities described in paragraphs a to g.4;

“salary or wages” means the income computed pursuant to Chapters I and II of Title II of Book III, but does not include

(a)  for an employee whose activities relate to the commercialization of the activities or products of a business described in any of paragraphs a to h of the definition of “recognized business”, directors’ fees, premiums, compensation for hours worked in addition to normal working hours or benefits referred to in Division II of Chapter II of Title II of Book III; or

(b)  for all other employees, directors’ fees, premiums, incentive bonuses, compensation for hours worked in addition to normal working hours, commissions or benefits referred to in Division II of Chapter II of Title II of Book III.

Except where section 1029.8.36.72.77 or 1029.8.36.72.78 applies, where, in a taxation year, a corporation carries on a business in respect of which a qualification certificate has been issued by Investissement Québec, and the business, according to Investissement Québec, is the continuation of a recognized business or part of a recognized business previously carried on by another corporation, the eligibility period of the corporation in relation to the recognized business is deemed, for the purposes of the definition of “eligibility period” in the first paragraph, to have begun on the date on which the eligibility period of the other corporation began, in relation to the recognized business.

For the purposes of this division,

(a)  where, during a period within a calendar year, an employee reports for work at an establishment of a qualified corporation situated in an eligible region and at an establishment of the qualified corporation situated outside the eligible region, the employee is, for that period, deemed

i.  except if subparagraph ii applies, to report for work only at the establishment situated in the eligible region, or

ii.  to report for work only at the establishment situated outside the eligible region if, during that period, the employee reports for work mainly at an establishment of the qualified corporation situated outside the eligible region;

(a.1)  where, during a period within a calendar year, an employee reports for work at an establishment of a qualified corporation situated in Québec and at an establishment of the qualified corporation situated outside Québec, the employee is, for that period, deemed

i.  except if subparagraph ii applies, to report for work only at the establishment situated in Québec, or

ii.  to report for work only at the establishment situated outside Québec if, during that period, the employee reports for work mainly at an establishment of the qualified corporation situated outside Québec; and

(b)  where, during a period within a calendar year, an employee is not required to report for work at an establishment of a qualified corporation and the employee’s salary or wages in relation to that period are paid from such an establishment situated in Québec, the employee is deemed to report for work at that establishment if the duties performed by the employee during that period are performed mainly in Québec.

For the purposes of the definition of “recognized business” in the first paragraph,

(a)  the following activities do not constitute activities of a recognized business:

i.  activities of any of the businesses described in the definition of “recognized business” in the first paragraph of section 1029.8.36.72.15,

ii.  activities of any of the businesses described in paragraphs a to f of the definition of “recognized business” in the first paragraph of section 1029.8.36.72.43,

iii.  food manufacturing or processing activities carried on in restaurants, hotels, shopping centres, supermarkets, grocery stores or other similar establishments,

iv.  manufacturing or processing activities carried on outside an eligible region,

v.  activities relating to pulp, paper or paperboard manufacturing,

vi.  activities relating to primary processing of metals, and

vii.  activities relating to the sawing of logs and bolts to produce structural timber or similar products; and

(b)  the installation by a corporation of a product or specialized equipment referred to in the definition of “recognized business” constitutes an activity of a recognized business, where the product or specialized equipment is the result of the manufacturing activity carried on by the corporation or a corporation with which it is associated.

For the purposes of this division, a reference to a calendar year ending in a taxation year includes a reference to a calendar year ending coincidentally with that taxation year.

Where Investissement Québec cancels, at the request of a corporation, a qualification certificate issued to the corporation, in relation to a recognized business, the certificate so cancelled is not a revoked certificate for the purposes of Part III.10.1.7.

2002, c. 40, s. 197; 2003, c. 9, s. 314; 2004, c. 21, s. 406; 2005, c. 23, s. 198.

2006-03-01

1029.8.36.72.70. In this division,

“base amount” of a corporation, in relation to a particular recognized business, means

(a)  except in respect of a corporation that results from an amalgamation, an amount equal to zero, where, at no time in its base period in relation to the particular recognized business, the corporation carried on a business in Québec in the sectors of activity described in any of paragraphs a to h of the definition of “recognized business” ; and

(b)  in any other case, the aggregate of all amounts each of which is

i.  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec, that were paid by the corporation in the course of carrying on the particular recognized business, in respect of a period within its base period, in relation to the particular recognized business for which the employee was an eligible employee of the corporation or would have been an eligible employee of the corporation if the establishment where the employee so reported had been situated in an eligible region, or

ii.  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec, that were paid by the corporation in the course of carrying on any given business that is not a recognized business, in respect of a period within its base period, in relation to the particular recognized business for which the employee would have been an eligible employee of the corporation if the given business had been a recognized business of the corporation and if, in the event that the establishment of the corporation where the employee so reported for work was not situated in an eligible region, the establishment where the employee so reported had been situated in an eligible region, unless an amount is included, in respect of the employee, in relation to the given business, in computing the base amount of the corporation in relation to another recognized business;

“base period” of a corporation, in relation to a recognized business, means the calendar year that precedes the calendar year in which the eligibility period of a corporation in relation to the recognized business begins;

“eligibility period” of a corporation, in relation to a recognized business, means, subject to the second paragraph, the period that begins on 1 January of the first calendar year in respect of which the corporation obtains its qualification certificate in relation to the recognized business and that ends on 31 December 2002;

“eligible amount” of a corporation for a calendar year means the aggregate of all amounts each of which is

(a)  the salary or wages paid by the corporation to an employee in respect of a period within the year for which the employee is an eligible employee, in relation to a recognized business of the corporation; or

(b)  the salary or wages of an employee who reports for work at an establishment of the corporation situated in Québec that were paid by the corporation in respect of a period within the year for which the employee would be an eligible employee of the corporation if the establishment where the employee so reported for work had been situated in an eligible region;

“eligible employee” of a corporation for a period within a calendar year, in relation to a recognized business of the corporation, means an employee who, during that period, reports for work at an establishment of the corporation situated in an eligible region and who, throughout that period, spends, when at work, at least 75% of the time undertaking, supervising or supporting, in the course of the carrying on by the corporation of the recognized business or another recognized business of the corporation in the year, work that is directly related to activities described in any of paragraphs a to h of the definition of “recognized business” and in the qualification certificate issued, for the purposes of this division, to the corporation for the year in respect of such a recognized business;

“eligible region” means

(a)  one of the following administrative regions described in Order in Council 2000-87 dated 22 December 1987 concerning the revision of the boundaries of the administrative regions of Québec, as amended:

i.  administrative region 01 Bas-Saint-Laurent,

ii.  administrative region 02 Saguenay–Lac-Saint-Jean,

iii.  administrative region 04 Mauricie,

iv.  administrative region 08 Abitibi-Témiscamingue,

v.  administrative region 09 Côte-Nord,

vi.  administrative region 10 Nord-du-Québec, or

vii.  administrative region 11 Gaspésie–Îles-de-la-Madeleine; or

(b)  one of the following regional county municipalities:

i.  Municipalité régionale de comté d’Antoine-Labelle,

ii.  Municipalité régionale de comté de La Vallée-de-la-Gatineau, or

iii.  Municipalité régionale de comté de Pontiac;

“eligible repayment of assistance” for a taxation year of a qualified corporation means the aggregate of

(a)  where the qualified corporation pays in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph a of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the qualified corporation to an employee for the purpose of computing the amount referred to in subparagraph a of the first paragraph of section 1029.8.36.72.71 that relates to a calendar year preceding the calendar year ending in the taxation year, the amount by which the amount that would have been determined under that subparagraph a in respect of the qualified corporation in relation to the preceding calendar year if each of the amounts of assistance paid in respect of the salary or wages had been reduced by any amount paid by the qualified corporation, in respect of such an amount of assistance, as repayment in the taxation year or a preceding taxation year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.71 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a taxation year preceding the taxation year under this paragraph in relation to a repayment of assistance;

(b)  where a corporation pays in a calendar year ending in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph a of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the corporation to an employee, for the purpose of computing the amount referred to in subparagraph a of the first paragraph of section 1029.8.36.72.72 that relates to a calendar year preceding the calendar year in relation to the qualified corporation at the end of which the qualified corporation was not associated with any other qualified corporation that was carrying on a recognized business in an eligible region for its taxation year in which the preceding calendar year ended, the amount by which the amount that would have been determined under that subparagraph a in respect of the qualified corporation in relation to the preceding calendar year if each of the amounts of assistance paid in respect of the salary or wages had been reduced by any amount paid, in respect of such an amount of assistance, as repayment in the calendar year or a preceding calendar year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a calendar year preceding the calendar year under this paragraph in relation to a repayment of assistance; and

(c)  where a qualified corporation pays in a calendar year ending in the taxation year, pursuant to a legal obligation, an amount that may reasonably be considered to be a repayment of assistance referred to in subparagraph i of subparagraph b of the first paragraph of section 1029.8.36.72.75 that reduced the amount of the salary or wages paid by the qualified corporation to an employee, for the purpose of computing the excess amount referred to in paragraph a or c of section 1029.8.36.72.73 determined, in respect of a calendar year preceding the calendar year, in relation to all of the corporations that were associated with each other at the end of that preceding calendar year and with which the qualified corporation was associated at that time, the amount by which the amount that would have been determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year if, for the purposes of paragraph a or c of section 1029.8.36.72.73 in relation to that preceding calendar year, each of the amounts of assistance in respect of the salary or wages had been reduced by any amount paid, in respect of such an amount of assistance, as repayment in the calendar year or a preceding calendar year, and if the amount determined pursuant to section 1029.8.36.72.73 had been attributed to a qualified corporation in the same proportion as that determined in its respect in relation to the preceding calendar year, exceeds the aggregate of

i.  the amount determined under subparagraph a of the first paragraph of section 1029.8.36.72.72 in respect of the qualified corporation in relation to the preceding calendar year, and

ii.  the aggregate of all amounts determined for a calendar year preceding the calendar year under this paragraph in relation to a repayment of assistance;

“qualified corporation”, for a calendar year, means a corporation that, in the year, carries on a qualified business in Québec and has an establishment in Québec, but does not include

(a)  a corporation that is exempt from tax under Book VIII for the taxation year in which the calendar year ends; or

(b)  a corporation that would be exempt from tax under section 985 for the taxation year in which the calendar year ends, but for section 192;

“recognized business” of a corporation for a taxation year means, subject to the fourth paragraph, a business carried on by the corporation in the year and in respect of which a qualification certificate is issued by Investissement Québec for the purposes of this division certifying that its activities are

(a)  the manufacturing, processing and, as the case may be, the commercialization of any of the following products:

i.  finished or semi-finished products using wood, metals, non-metallic minerals, peat, slate, gemstones or semi-precious stones,

ii.  paper or paperboard products, and

iii.  crate components;

(b)  the manufacturing, processing and, as the case may be, the commercialization of food products;

(c)  the manufacturing and, as the case may be, the commercialization of specialized equipment for logging operations, wood processing, paper or paperboard manufacturing, mining, metal processing or fresh-water aquaculture;

(d)  the production and, as the case may be, the commercialization of ecological non-conventional energy using the biomass or hydrogen;

(e)  the manufacturing and, as the case may be, the commercialization of products or specialized equipment for the production or use of energy;

(f)  the reclaiming, recycling and, as the case may be, the commercialization of residues and waste from the development or processing of natural resources;

(g)  fresh-water aquaculture and, as the case may be, the commercialization of that activity;

(g.1)  the bead setting of gemstones or semi-precious stones;

(g.2)  jewellery making;

(g.3)  printing or publishing, including activities relating to typesetting, printing, collating, folding and bundling;

(g.4)  the seasoning of building timber in kilns or timber planing; or

(h)  activities related to the activities described in paragraphs a to g.4;

“salary or wages” means the income computed pursuant to Chapters I and II of Title II of Book III, but does not include

(a)  for an employee whose activities relate to the commercialization of the activities or products of a business described in any of paragraphs a to h of the definition of “recognized business”, directors’ fees, premiums, compensation for hours worked in addition to normal working hours or benefits referred to in Division II of Chapter II of Title II of Book III; or

(b)  for all other employees, directors’ fees, premiums, incentive bonuses, compensation for hours worked in addition to normal working hours, commissions or benefits referred to in Division II of Chapter II of Title II of Book III.

Except where section 1029.8.36.72.77 or 1029.8.36.72.78 applies, where, in a taxation year, a corporation carries on a business in respect of which a qualification certificate has been issued by Investissement Québec, and the business, according to Investissement Québec, is the continuation of a recognized business or part of a recognized business previously carried on by another corporation, the eligibility period of the corporation in relation to the recognized business is deemed, for the purposes of the definition of “eligibility period” in the first paragraph, to have begun on the date on which the eligibility period of the other corporation began, in relation to the recognized business.

For the purposes of this division,

(a)  where, during a period within a calendar year, an employee reports for work at an establishment of a qualified corporation situated in an eligible region and at an establishment of the qualified corporation situated outside the eligible region, the employee is, for that period, deemed

i.  except if subparagraph ii applies, to report for work only at the establishment situated in the eligible region, or

ii.  to report for work only at the establishment situated outside the eligible region if, during that period, the employee reports for work mainly at an establishment of the qualified corporation situated outside the eligible region;

(a.1)  where, during a period within a calendar year, an employee reports for work at an establishment of a qualified corporation situated in Québec and at an establishment of the qualified corporation situated outside Québec, the employee is, for that period, deemed

i.  except if subparagraph ii applies, to report for work only at the establishment situated in Québec, or

ii.  to report for work only at the establishment situated outside Québec if, during that period, the employee reports for work mainly at an establishment of the qualified corporation situated outside Québec; and

(b)  where, during a period within a calendar year, an employee is not required to report for work at an establishment of a qualified corporation and the employee’s salary or wages in relation to that period are paid from such an establishment situated in Québec, the employee is deemed to report for work at that establishment if the duties performed by the employee during that period are performed mainly in Québec.

For the purposes of the definition of “recognized business” in the first paragraph,

(a)  the following activities do not constitute activities of a recognized business:

i.  activities of any of the businesses described in the definition of “recognized business” in the first paragraph of section 1029.8.36.72.15,

ii.  activities of any of the businesses described in paragraphs a to f of the definition of “recognized business” in the first paragraph of section 1029.8.36.72.43,

iii.  food manufacturing or processing activities carried on in restaurants, hotels, shopping centres, supermarkets, grocery stores or other similar establishments,

iv.  manufacturing or processing activities carried on outside an eligible region,

v.  activities relating to pulp, paper or paperboard manufacturing,

vi.  activities relating to primary processing of metals, and

vii.  activities relating to the sawing of logs and bolts to produce structural timber or similar products; and

(b)  the installation by a corporation of a product or specialized equipment referred to in the definition of “recognized business” constitutes an activity of a recognized business, where the product or specialized equipment is the result of the manufacturing activity carried on by the corporation or a corporation with which it is associated.

For the purposes of this division, a reference to a calendar year ending in a taxation year includes a reference to a calendar year ending coincidentally with that taxation year.

Where Investissement Québec cancels, at the request of a corporation, a qualification certificate issued to the corporation, in relation to a recognized business, the certificate so cancelled is not a revoked certificate for the purposes of Part III.10.1.7.

2002, c. 40, s. 197; 2003, c. 9, s. 314; 2004, c. 21, s. 406; 2005, c. 23, s. 198.