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T-0.1 - Act respecting the Québec sales tax

Section 370.6
Disposition versions

Full text
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $229,950, the amount determined by the formula

4.34% × A; and

(2)  if the total consideration is more than $229,950 but less than $344,925, the amount determined by the formula

$9,975 × [($344,925 - A)/$114,975].

For the purposes of these formulas, A is the total consideration.
For the purposes of this section, the amount obtained by multiplying 4.34% by A may not exceed $9,975.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330; 2009, c. 5, s. 643; 2010, c. 5, s. 235; 2011, c. 1, s. 146; 2011, c. 6, s. 273; 2012, c. 28, s. 126.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $229,950, the amount determined by the formula

[4.34% × (A - B)] + (9.5% × B); and

(2)  if the total consideration is more than $229,950 but less than $344,925, the amount determined by the formula

{$9,804 × [($344,925 - A)/$114,975]} + (9.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (R.S.C. 1985, c. E-15).
For the purposes of this section, the amount obtained by multiplying 4.34% by the difference between A and B may not exceed $9,804.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330; 2009, c. 5, s. 643; 2010, c. 5, s. 235; 2011, c. 1, s. 146; 2011, c. 6, s. 273.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $227,850, the amount determined by the formula

[3.85% × (A − B)] + (8.5% × B); and

(2)  if the total consideration is more than $227,850 but less than $341,775, the amount determined by the formula

{$8,772 × [($341,775 - A)/$113,925]} + (8.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (R.S.C. 1985, c. E-15).
For the purposes of this section, the amount obtained by multiplying 3.85% by the difference between A and B may not exceed $8,772.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330; 2009, c. 5, s. 643; 2010, c. 5, s. 235; 2011, c. 1, s. 146.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $227,850, the amount determined by the formula

[2.78% × (A − B)] + (8.5% × B); and

(2)  if the total consideration is more than $227,850 but less than $256,331, the amount determined by the formula

{$6,316 × [($256,331 − A) / $28,481]} + (8.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.78% by the difference between A and B may not exceed $6,316.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330; 2009, c. 5, s. 643; 2010, c. 5, s. 235.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $225,750, the amount determined by the formula

[2.47% × (A − B)] + (7.5% × B); and

(2)  if the total consideration is more than $225,750 but less than $253,969, the amount determined by the formula

{$5,573 × [($253,969 − A) / $28,219]} + (7.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.47% by the difference between A and B may not exceed $5,573.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330; 2009, c. 5, s. 643.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  if the total consideration is not more than $227,900, the amount determined by the formula

[2.46% × (A − B)] + (7.5% × B); and

(2)  if the total consideration is more than $227,900 but less than $256,388, the amount determined by the formula

{$5,607 × [($256,388 − A) / $28,488]} + (7.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.46% by the difference between A and B may not exceed $5,607.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287; 2007, c. 12, s. 330.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  where the total consideration is not more than $230,050, the amount determined by the formula

[2.46% × (A − B)] + (7.5% × B); and

(2)  where the total consideration is more than $230,050 but less than $258,806, the amount determined by the formula

{$5,642 × [($258,806 − A) / $28,756]} + (7.5% × B).

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.46% by the difference between A and B shall not exceed $5,642.
1995, c. 1, s. 323; 1997, c. 85, s. 652; 2001, c. 51, s. 287.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  where the total consideration is not more than $201,294, the amount determined by the formula

[2.46% × (A - B)] + (7.5% × B); and

(2)  where the total consideration is more than $201,294 but less than $230,050, the amount determined by the formula

[ ($230,050 - A) ]
[$4,937 × ----------------] + (7,5% × B).
[ $28,756 ]

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.46 % by the difference between A and B shall not exceed $4,937.
1995, c. 1, s. 323; 1997, c. 85, s. 652.
370.6. For the purposes of section 370.5, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to
(1)  where the total consideration is not more than $199,421, the amount determined by the formula

[2.2% × (A - B)] + (6.5% × B); and

(2)  where the total consideration is more than $199,421 but less than $227,910, the amount determined by the formula

[ ($227,910 - A) ]Š [$4,278 × ----------------] + (6,5% × B).Š [ $28,489 ]

For the purposes of these formulas,
(1)  A is the total consideration; and
(2)  B is the rebate to which the particular individual is entitled in respect of the supply of a share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).
For the purposes of this section, the amount obtained by multiplying 2.2% by the difference between A and B shall not exceed $4,278.
1995, c. 1, s. 323.
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