T-0.1 - Act respecting the Québec sales tax

Section 376 Disposition versions

1999-04-01

376. (Repealed).

1991, c. 67, s. 376; 1993, c. 19, s. 226.

1992-07-01

376. For the purposes of section 375, the rebate to which a particular individual is entitled in respect of the construction or substantial renovation of a single unit residential complex is equal to

(1)  where the fair market value referred to in paragraph 1 of section 375 is not more than $150 000 and the supply to the individual of the land that forms part of the residential complex was a taxable supply by way of sale, the amount determined by the formula

                (36 % x (A - B)) + B;

(2)  where the fair market value referred to in paragraph 1 of section 375 is not more than $150 000 and the supply to the individual of the land that forms part of the residential complex was not a taxable supply by way of sale, the amount determined by the formula

                (10 % x (A - B)) + B;

(3)  where the fair market value referred to in paragraph 1 of section 375 is more than $150 000 but less than $175 000 and the supply to the individual of the land that forms part of the residential complex was a taxable supply by way of sale, the amount determined by the formula

          (          ($175 000 - C) )Š          ( $4 514 x -------------- ) + B;Š          (             $25 000     )

(4)  where the fair market value referred to in paragraph 1 of section 375 is more than $150 000 but less than $175 000 and the supply to the individual of the land that forms part of the residential complex was not a taxable supply by way of sale, the amount determined by the formula

           (        ($175 000 - C) )Š           ( $893 x -------------- ) + B.Š           (           $25 000     )

For the purposes of these formulas,

(1)  A is the total tax paid by the particular individual before application for the rebate is filed with the Minister under section 377;

(2)  B is the tax paid under section 16 in respect of the amount of the rebate to which the particular individual is entitled in respect of the construction or substantial renovation of the residential complex under subsection 2 of section 256 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15);

(3)  C is the fair market value referred to in paragraph 1 of section 375.

1991, c. 67, s. 376.