Definition of Quebec Tax Act


Quebec Tax Act means the Taxation Act (Quebec) and all rules and regulations made pursuant thereto, all as may be amended, re-enacted or replaced from time to time and any proposed amendments thereto announced publicly from time to time;

Examples of Quebec Tax Act in a sentence

Any reference to a filing or similar requirement imposed under the Tax Act shall include, for purposes of Quebec income taxation, a reference to the equivalent filing or similar requirement, where applicable, under the Quebec Tax Act, provided that, if no filing or similar requirement is provided under the Quebec Tax Act, a copy of any material filed under the Tax Act shall be filed with the Ministere du Revenu du Quebec.
The amount of the Commitment Amount paid by the Purchasers of Flow-Through Shares will be included in (i) "the exploration base relating to certain Quebec surface mining exploration expenses or oil and gas exploration expenses", as such term is defined in section 726.4.17.2 of the Quebec Tax Act; and (ii) the "exploration base relating to certain Quebec exploration expenses", as such term is defined in section 726.4.10 of the Quebec Tax Act.
The Corporation is and at all relevant times will be a "principal-business corporation" as defined in subsection 66(15) of the Act and a "development corporation" as such term is defined in section 363 of the Quebec Tax Act and will continue to be a "principal-business corporation" and "development corporation" until such time as all of the Qualifying Expenses required to be renounced under the Subscription Agreements have been incurred and validly renounced pursuant to the Tax Act and the Quebec Tax Act.
Any reference to the Tax Act or a provision thereof shall include, for purposes of Quebec income taxation, a reference to the Quebec Tax Act or the equivalent provision thereof, where applicable.
The Corporation is a "qualified corporation" as such term is defined in sections 726.4.15 and 726.4.17.7 of the Quebec Tax Act and will continue to be a "qualified corporation" until such time as all the Qualifying Expenses required to be renounced under the Subscription Agreements have been incurred and validly renounced pursuant to the Quebec Tax Act.