Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

I-3 - Taxation Act

Section 135.2
Disposition versions

Full text
135.2. A corporation which carries on a personal services business may deduct in respect of that business under this chapter, only the following amounts to the extent that they would otherwise be deductible:
(a)  a salary, wages or other remuneration paid in the year to its incorporated employee;
(b)  the cost to the corporation of an allowance or a benefit granted in the year to an incorporated employee;
(c)  an expense which, had it been made by an individual, would have been deductible in computing his income for the year under section 62;
(d)  an amount it pays during the year as judicial or extrajudicial expenses to recover an amount owing to it for services it provided.
1983, c. 44, s. 22; 1997, c. 3, s. 20; 1997, c. 14, s. 40; I.N. 2016-01-01 (NCCP); 2017, c. 29, s. 38.
135.2. A corporation which carries on a personal services business may deduct in respect of that business under this chapter, only the following amounts to the extent that they would otherwise be deductible:
(a)  a salary, wages or other remuneration paid in the year to its incorporated employee;
(b)  the cost to the corporation of an allowance or a benefit granted in the year to an incorporated employee;
(c)  an expense which, had it been made by an individual, would have been deductible in computing his income for the year under section 62;
(d)  an amount it pays during the year as legal costs or professional fees to recover an amount owing to it for services it provided.
1983, c. 44, s. 22; 1997, c. 3, s. 20; 1997, c. 14, s. 40; I.N. 2016-01-01 (NCCP).
135.2. A corporation which carries on a personal services business may deduct in respect of that business under this chapter, only the following amounts to the extent that they would otherwise be deductible:
(a)  a salary, wages or other remuneration paid in the year to its incorporated employee;
(b)  the cost to the corporation of an allowance or a benefit granted in the year to an incorporated employee;
(c)  an expense which, had it been made by an individual, would have been deductible in computing his income for the year under section 62;
(d)  an amount it pays during the year as judicial or extrajudicial expenses to recover an amount owing to it for services it provided.
1983, c. 44, s. 22; 1997, c. 3, s. 20; 1997, c. 14, s. 40.
© Gouvernement du Québec