Federal-Provincial Fiscal Arrangements Regulations, 1999

23 For the purpose of paragraph (b) of the definition provincial personal income tax rate in section 12 of the Act, the provincial personal income tax rate that applies to a taxation year for the Province of Quebec is the quotient that results from dividing

• (a) the total amount of Quebec’s personal income taxes, assessed or reassessed not later than 24 months after the end of the fiscal year, as determined by the Minister based on the information that Quebec makes available to the Minister, as if the special abatement referred to in subsection 4(4) of the Act had not been provided,

by

• (b) the total revenue for Quebec determined under subparagraph 10(a)(ii) of the Act.