T-0.1 - Act respecting the Québec sales tax

Section 239.0.1 Disposition versions

2013-06-05

239.0.1. If a registrant, other than a listed financial institution or a person who is a financial institution referred to in subparagraph a of paragraph 2 of the definition of “financial institution” in section 1, uses property as capital property in the making of supplies of financial services that relate to commercial activities of the registrant, the registrant is deemed,

(1)  where the registrant is a financial institution referred to in subparagraph b of paragraph 2 of the definition of “financial institution” in section 1, to use the property in those commercial activities to the extent that the registrant does not use the property in the registrant’s activities that relate to credit cards or charge cards issued by the registrant or to the making of any advance, the lending of money or the granting of any credit; and

(2)  in any other case, to use the property in those commercial activities.

2012, c. 28, s. 73; 2013, c. 10, s. 218.

2013-01-01

239.0.1. If a registrant, other than a listed financial institution or a person who is a financial institution referred to in subparagraph a of paragraph 2 of the definition of “financial institution” in section 1, uses property as capital property in the making of supplies of financial services that relate to commercial activities of the registrant, the registrant is deemed,

(1)  where the registrant is a financial institution referred to in subparagraph b of paragraph 2 of the definition of “financial institution” in section 1, to use the property in the registrant’s commercial activities to the extent that the registrant does not use the property in the registrant’s activities that relate to credit cards or charge cards issued by the registrant, or the making of any advance, the lending of money or the granting of any credit; or

(2)  in any other case, to use the property in the registrant’s commercial activities.

2012, c. 28, s. 73.