0R1. For the purposes of this Regulation, unless the context indicates otherwise,
“Act” means the Act respecting the Québec sales tax (chapter T-0.1);
“tax fraction”, at a particular time, means the amount determined by the formula
A / B.
For the purposes of the formula in the definition of “tax fraction” in the first paragraph,
(1) A is the rate of tax applicable in respect of the supply or bringing into Québec, and
(2) B is the total of 100% and the rate of tax referred to in subparagraph 1.
O.C. 1607-92, s. 0R1; O.C. 1463-2001, s. 1; O.C. 701-2013, s. 1.