T-0.1, r. 2 - Regulation respecting the Québec sales tax

Section 17r6 Disposition versions

2012-09-01

17R6. The bringing into Québec of a vessel that is imported temporarily in the circumstances referred to in paragraph b of section 11 of the Vessel Duties Reduction or Removal Regulations (SOR 90-304) is a prescribed circumstance.

The value of a vessel referred to in the first paragraph shall be determined by the following formula:

(1/100 x A x B) + (C x D/E).

For the purposes of that formula:

(1)  A is the value for duty of the vessel;

(2)  B is the number of months during which the vessel is subject to paragraph b of section 11 of the Regulations referred to in the first paragraph;

(3)  C is the remaining duties payable in respect of the vessel;

(4)  D is the number of months during which the vessel remains in Québec;

(5)  E is the number of months during which the vessel remains in Canada.

O.C. 1607-92, s. 17R6; O.C. 1470-2002, s. 1.