Examples of Québec Portfolios in a sentence
Under normal market conditions, the Québec Portfolios are expected to invest approximately 60% to 75% of their Available Funds in Flow-Through Shares issued by Resource Companies incurring Eligible Expenditures primarily in the Province of Québec.
The Court determined that the Commissioner erred and exceeded jurisdiction by not entering a judgment against all four defendants “unconditionally,” noting “an examination of the compensation law fails to reveal any indication that the liability of any party, if once found to exist, is secondary to any other party’s liability.” Id. at 78, 59.
None of the National Portfolios or the Québec Portfolios is considered a mutual fund under applicable Canadian securities legislation.
Québec Portfolios The investment objective of each of the Québec Portfolios is to provide Québec Class Limited Partners with up to a 137.5% tax deductible investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec, with a view to maximizing the tax benefits of investing in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners.
Until the Québec Portfolios are fully invested, all investment opportunities in the Province of Québec will be allocated to the Québec Portfolios to the extent the Manager, with the advice of the Portfolio Manager, believes it is appropriate to do so.
The Available Funds of the Québec Portfolios are intended to be invested primarily in the Province of Québec.