I-3, r. 1 - Regulation respecting the Taxation Act

Section 1086r5 Disposition versions

2021-06-02

1086R5. An information return in prescribed form must be filed, in respect of the part of the payment mentioned hereinafter for which an information return was not previously filed under this section or under any of sections 1086R6 to 1086R9 and 1086R54, by every person who makes, to an individual resident in Québec or to a corporation having an establishment therein, one of the following payments:

(a)  a dividend or an amount deemed by the Act to be a dividend other than a dividend deemed to have been paid to a person under sections 504 to 506, 507 and 508 of the Act where, pursuant to section 510.1 of the Act, those sections do not apply to deem the dividend to have been received by the person;

(b)  an interest, excluding the part of that interest to which any of sections 1086R6 to 1086R8 applies, paid in respect of

i.  a registered bond,

ii.  money on loan or on deposit or property of any kind deposited or placed with a corporation, association, organization, institution, partnership or trust,

iii.  an investment with an investment dealer or broker,

iv.  an insurance policy or an annuity contract by an insurer, or

v.  an amount payable in respect of a compensation for property expropriated;

(c)  royalties for the use of a work, invention or right to remove natural resources;

(d)  a payment referred to in section 120 of the Act, where such payment was made by a corporation, association, organization or institution;

(e)  an amount paid from a person’s NISA Fund No. 2;

(f)  an amount that is required by section 979.21 of the Act to be added in computing a person’s income for a taxation year; and

(g)  a payment in respect of the portion of the price for which a debt obligation was disposed of, which portion is deemed under section 167.1.1 of the Act to be interest that accrued on the debt obligation that the transferee has become entitled to receive for a period commencing before the time of the disposition (in this section referred to as the “particular time”) and ending at the particular time and that is not payable until after the particular time, if the payment is made by a person that is a financial institution for the purposes of section 1086R10, on its behalf or as a mandatary.

s. 1086R7; O.C. 1981-80, s. 1086R7; O.C. 3926-80, s. 42; R.R.Q., 1981, c. I-3, r. 1, s. 1086R7; O.C. 2583-85, s. 33; O.C. 615-88, s. 36; O.C. 1471-91, s. 33; O.C. 473-95, s. 48; O.C. 67-96, s. 61; O.C. 1707-97, s. 98; O.C. 1466-98, s. 108; O.C. 1454-99, s. 51; O.C. 134-2009, s. 1; S.Q. 2019, c. 14, s. 653; S.Q. 2021, c. 14, s. 250.

2019-06-19

1086R5. An information return in prescribed form must be filed, in respect of the part of the payment mentioned hereinafter for which an information return was not previously filed under this section or under any of sections 1086R6 to 1086R9 and 1086R54, by every person who makes, to an individual resident in Québec or to a corporation having an establishment therein, one of the following payments:

(a)  a dividend or an amount deemed by the Act to be a dividend other than a dividend deemed to have been paid to a person under sections 504 to 506, 507 and 508 of the Act where, pursuant to section 510.1 of the Act, those sections do not apply to deem the dividend to have been received by the person;

(b)  an interest, excluding the part of that interest to which any of sections 1086R6 to 1086R8 applies, paid in respect of

i.  a registered bond,

ii.  money on loan or on deposit or property of any kind deposited or placed with a corporation, association, organization or institution,

iii.  an investment with an investment dealer or broker,

iv.  an insurance policy or an annuity contract by an insurer, or

v.  an amount payable in respect of a compensation for property expropriated;

(c)  royalties for the use of a work, invention or right to remove natural resources;

(d)  a payment referred to in section 120 of the Act, where such payment was made by a corporation, association, organization or institution;

(e)  an amount paid from a person’s NISA Fund No. 2;

(f)  an amount that is required by section 979.21 of the Act to be added in computing a person’s income for a taxation year; and

(g)  a payment in respect of the portion of the price for which a debt obligation was disposed of, which portion is deemed under section 167.1.1 of the Act to be interest that accrued on the debt obligation that the transferee has become entitled to receive for a period commencing before the time of the disposition (in this section referred to as the “particular time”) and ending at the particular time and that is not payable until after the particular time, if the payment is made by a person that is a financial institution for the purposes of section 1086R10, on its behalf or as a mandatary.

s. 1086R7; O.C. 1981-80, s. 1086R7; O.C. 3926-80, s. 42; R.R.Q., 1981, c. I-3, r. 1, s. 1086R7; O.C. 2583-85, s. 33; O.C. 615-88, s. 36; O.C. 1471-91, s. 33; O.C. 473-95, s. 48; O.C. 67-96, s. 61; O.C. 1707-97, s. 98; O.C. 1466-98, s. 108; O.C. 1454-99, s. 51; O.C. 134-2009, s. 1; S.Q. 2019, c. 14, s. 653.

2012-09-01

1086R5. An information return in prescribed form must be filed, in respect of the part of the payment mentioned hereinafter for which an information return was not previously filed under this section or under any of sections 1086R6 to 1086R9 and 1086R54, by every person who makes, to an individual resident in Québec or to a corporation having an establishment therein, one of the following payments:

(a)  a dividend or an amount deemed by the Act to be a dividend other than a dividend deemed to have been paid to a person under sections 504 to 506, 507 and 508 of the Act where, pursuant to section 510.1 of the Act, those sections do not apply to deem the dividend to have been received by the person;

(b)  an interest, excluding the part of that interest to which any of sections 1086R6 to 1086R8 applies, paid in respect of

i.  a registered bond,

ii.  money on loan or on deposit or property of any kind deposited or placed with a corporation, association, organization or institution,

iii.  an investment with an investment dealer or broker,

iv.  an insurance policy or an annuity contract by an insurer, or

v.  an amount payable in respect of a compensation for property expropriated;

(c)  royalties for the use of a work, invention or right to remove natural resources;

(d)  a payment referred to in section 120 of the Act, where such payment was made by a corporation, association, organization or institution;

(e)  an amount paid from a person’s NISA Fund No. 2; and

(f)  an amount that is required by section 979.21 of the Act to be added in computing a person’s income for a taxation year.

s. 1086R7; O.C. 1981-80, s. 1086R7; O.C. 3926-80, s. 42; R.R.Q., 1981, c. I-3, r. 1, s. 1086R7; O.C. 2583-85, s. 33; O.C. 615-88, s. 36; O.C. 1471-91, s. 33; O.C. 473-95, s. 48; O.C. 67-96, s. 61; O.C. 1707-97, s. 98; O.C. 1466-98, s. 108; O.C. 1454-99, s. 51; O.C. 134-2009, s. 1.