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I-3 - Taxation Act
Section 726.38
Disposition versions
726.38. In this Title,
“eligible individual” for a taxation year means an individual who is resident in Québec at the end of the year;
“eligible taxpayer” for a taxation year means an eligible individual for the year or a qualified corporation for the year;
“qualified corporation” for a taxation year means a Canadian-controlled private corporation whose paid-up capital attributed to the corporation for the year, determined in accordance with section 726.39, is not greater than $50,000,000;
“recognized commercial activity” in respect of a private forest means the sale of timber to a purchaser having an establishment in Québec, other than a retail sale, derived from the operation of the private forest.
726.38. In this Title,
“eligible individual” for a taxation year means an individual who is resident in Québec at the end of the year;
“eligible taxpayer” for a taxation year means an eligible individual for the year or a qualified corporation for the year;
“qualified corporation” for a taxation year means a Canadian-controlled private corporation whose paid-up capital attributed to the corporation for the year, determined in accordance with section 726.39, is not greater than $15,000,000;
“recognized commercial activity” in respect of a private forest means the sale of timber to a purchaser having an establishment in Québec, other than a retail sale, derived from the operation of the private forest.
