I-3 - Taxation Act

Section 1132 Disposition versions

2019-06-13

1132. The tax payable by a corporation in respect of each taxation year is equal,

(a)  in the case of a bank, a savings and credit union, a loan corporation, a trust corporation or a corporation trading in securities, to the amount obtained by applying the rate determined in its respect for the year under section 1132.4 to its paid-up capital;

(b)  (paragraph repealed);

(c)  in the case of any other corporation, except a corporation that is an insurer within the meaning assigned by the Insurers Act (chapter A-32.1), a cooperative, or a mining corporation that has not reached the production stage, to the amount obtained by applying the rate determined in its respect for the year under section 1132.5 to its paid-up capital.

1972, c. 23, s. 845; 1972, c. 26, s. 79; 1979, c. 38, s. 27; 1980, c. 13, s. 108; 1981, c. 12, s. 14; 1982, c. 26, s. 303; 1982, c. 56, s. 26; 1983, c. 20, s. 6; 1983, c. 44, s. 45; 1992, c. 1, s. 205; 1993, c. 64, s. 192; 1995, c. 63, s. 239; 1997, c. 3, s. 71; 1997, c. 14, s. 270; 1999, c. 83, s. 256; 2000, c. 39, s. 245; 2003, c. 9, s. 418; 2005, c. 38, s. 312; 2018, c. 23, s. 811.

2006-03-01

1132. The tax payable by a corporation in respect of each taxation year is equal,

(a)  in the case of a bank, a savings and credit union, a loan corporation, a trust corporation or a corporation trading in securities, to the amount obtained by applying the rate determined in its respect for the year under section 1132.4 to its paid-up capital;

(b)  (paragraph repealed);

(c)  in the case of any other corporation, except a corporation that is an insurer within the meaning assigned by the Act respecting insurance (chapter A-32), a cooperative, or a mining corporation that has not reached the production stage, to the amount obtained by applying the rate determined in its respect for the year under section 1132.5 to its paid-up capital.

1972, c. 23, s. 845; 1972, c. 26, s. 79; 1979, c. 38, s. 27; 1980, c. 13, s. 108; 1981, c. 12, s. 14; 1982, c. 26, s. 303; 1982, c. 56, s. 26; 1983, c. 20, s. 6; 1983, c. 44, s. 45; 1992, c. 1, s. 205; 1993, c. 64, s. 192; 1995, c. 63, s. 239; 1997, c. 3, s. 71; 1997, c. 14, s. 270; 1999, c. 83, s. 256; 2000, c. 39, s. 245; 2003, c. 9, s. 418; 2005, c. 38, s. 312.