T-0.1 - Act respecting the Québec sales tax

Section 35 Disposition versions

2013-01-01

35. Where one or more financial services are supplied together with one or more other services that are not financial services, or with properties that are not capital properties of the supplier, for a single consideration, the supply of each of the services and properties is deemed to be a supply of a financial service if

(1)  the financial services are related to the other services or the properties, as the case may be;

(2)  it is the usual practice of the supplier to supply those or similar services, or those or similar properties and services, together in the ordinary course of the business of the supplier; and

(3)  the total of all amounts each of which would be the consideration for a financial service so supplied if that financial service had been supplied separately, is greater than 50% of the total of all amounts each of which would be the consideration for a service or property so supplied if that service or property had been supplied separately.

1991, c. 67, s. 35; 1994, c. 22, s. 383; 2012, c. 28, s. 44.

1994-06-17

35. Where a listed financial institution makes a supply of one or more financial services together with one or more other services that are not financial services, or with properties that are not capital properties of the institution, for a single consideration, the supply of each of the services and properties is deemed to be a supply of a financial service if

(1)  the financial services are related to the other services or the properties, as the case may be;

(2)  it is the usual practice of the listed financial institution to supply those or similar services, or those or similar properties and services, together in the ordinary course of the business of the institution; and

(3)  the amount which would be the consideration for the financial service so supplied if that financial service had been supplied separately, is greater than 50% of the amount which would be the consideration for a service or property so supplied if that service or property had been supplied separately.

The first paragraph applies only to a supply to which section 139 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15) applies.

1991, c. 67, s. 35; 1994, c. 22, s. 383.

1992-07-01

35. Where a listed financial institution makes a supply of a financial service together with property or a service that is not a financial service for a single consideration, and the amount which would be the consideration for the financial service so supplied if that financial service had been supplied separately is greater than 50 % of the single consideration, the supply is deemed to be a supply of a financial service.

The first paragraph applies only to a supply to which section 139 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15) applies.

1991, c. 67, s. 35.