64. Seventy-five percent of the wages paid by a corporation or partnership operating an international financial centre to one of the employees of the business of the corporation or partnership that constitutes the international financial centre do not constitute wages subject to the contribution provided for in section 34 of the Act respecting the Régie de l’assurance maladie du Québec (chapter R-5) if the wages are attributable to
(1) a period covered by a valid certificate issued pursuant to any of sections 19 to 21 in respect of the employee in relation to that employment; or
(2) for any other period, the employee’s duties with the corporation or partnership that are devoted to the operations of the international financial centre.
However, for the part of the wages paid that is attributable to a period, or part of a period, preceding 13 June 2003, the first paragraph shall be read with “Seventy-five percent” in the portion before subparagraph 1 replaced by “One hundred percent”.
1999, c. 86, s. 64; 1999, c. 89, s. 53; 2004, c. 21, s. 20.