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

Section 99r1.1 Disposition versions

2021-06-04

99R1.1. For the purposes of paragraph d.5 of section 99 of the Act, the amount prescribed in respect of a zero-emission passenger vehicle of a taxpayer is equal to the amount determined by the formula

A + B.

In the formula in the first paragraph,

(a)  A is $55,000; and

(b)  B is the sum of the federal and provincial sales taxes that would have been payable on the acquisition of the zero-emission passenger vehicle if it had been acquired by the taxpayer at a cost equal, at the time of the acquisition, to the amount specified in subparagraph a, before the application of those sales taxes.

S.Q. 2021, c. 18, s. 234.