Examples of Québec Tax Act in a sentence
The above conditions are not applicable to term deposits placed as margins for trading in cash and derivative market.
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 Québec 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 Québec Tax Act.
The Corporation shall not be subject to the provisions of subsection 66(12.67) of the Tax Act and section 359.9 of the Québec Tax Act in a manner which impairs its ability to renounce Resource Expenses to the Purchasers in an amount equal to the Commitment Amount.
The FT Unit Shares partially comprising the Resale Units will only qualify as “flow-through shares” for purposes of the Tax Act and the Québec Tax Act for the original subscriber and will not qualify as “flow-through shares” for a registered charity or subsequent purchaser and consequently the Corporation will only renounce CEE to the original subscriber of the Resale Units.
For certainty, the aforementioned indemnity shall have no force and effect to the extent that such indemnity, recourse or rights of action would otherwise cause the Shares issued under the Offer to be "prescribed shares" within the meaning of section 6202.1 of the regulations to the Act or sections 359.1R2 to 359.1R7 of the regulations to the Québec Tax Act.
Unless required to do so pursuant to subsection 66(12.73) of the Tax Act and section 359.15 of the Québec Tax Act, the Corporation shall not reduce the amount renounced to the Purchasers pursuant to subsection 66(12.6) of the Tax Act.
Perhaps the most common example is the language of horn clauses, which constitutes a special case of formulae in conjunctive normal form (CNF) [17].
The Corporation is and will continue to be both a “development corporation” as defined in section 363 of the Québec Tax Act, and a “qualified corporation” as defined in section 726.4.15 and 726.4.17.7 of the Québec Tax Act until such time as all of the Resource Expenses required to be renounced under this Agreement and the Subscription Agreements have been incurred and validly renounced pursuant to the Tax Act.
Moreover, the President of the JCSR shall file the proposal to start proceeding before the Constitutional Court in the matter of consistency of legal regulations.
The Corporation is a “qualified corporation” as such term is defined in sections 726.4.15 and 726.4.17.7 of the Québec 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 Québec Tax Act.