I-3 - Taxation Act

Section 1159.10 Disposition versions

2015-10-21

1159.10. Notwithstanding sections 1025 and 1026, every person, other than a corporation, who is liable to pay tax under this Part for a taxation year shall, in respect of such portion of the tax as is determined by reference to the percentage of the amount paid as wages referred to in subparagraph e of the first or second paragraph of section 1159.3, pay to the Minister, in respect of each month of that year during which the person was a financial institution, on or before the date on or before which the person is required to pay any amount to the Minister under section 1015 in respect of that month, an amount equal to the percentage of the amount paid as wages in respect of that month.

For the purposes of the first paragraph, in respect of the amount paid as wages after 31 December 2012 and before 12 July 2013, section 1159.3 is to be read without reference to subparagraph f of the first and second paragraphs, enacted by subparagraph e of the first and second paragraphs of section 1159.3.2, and as if subparagraph e of the first paragraph of section 1159.3 and subparagraph e of the second paragraph of that section were read respectively as follows:

“(e) in the case of any other person, 0.9% of the amount paid as wages;”;

“(e) in the case of any other person, except a professional order that has set up an insurance fund in accordance with section 86.1 of the Professional Code, 0.9% of the amount paid as wages in the part or parts of the year, as the case may be, during which the person was a financial institution;”.

1993, c. 19, s. 148; 1997, c. 3, s. 71; 2015, c. 21, s. 535.

2006-03-01

1159.10. Notwithstanding sections 1025 and 1026, every person, other than a corporation, who is liable to pay tax under this Part for a taxation year shall, in respect of such portion of the tax as is determined by reference to the percentage of the amount paid as wages referred to in subparagraph e of the first or second paragraph of section 1159.3, pay to the Minister, in respect of each month of that year during which the person was a financial institution, on or before the date on or before which the person is required to pay any amount to the Minister under section 1015 in respect of that month, an amount equal to the percentage of the amount paid as wages in respect of that month.

1993, c. 19, s. 148; 1997, c. 3, s. 71.