T-0.1 - Act respecting the Québec sales tax

Section 287.3 Disposition versions

2021-01-01

287.3. (Repealed).

2001, c. 51, s. 274; 2019, c. 14, s. 548.

2001-12-20

287.3. Where a prescribed registrant has received a zero-rated supply of a motor vehicle under section 197.2 or brings into Québec a motor vehicle acquired by way of a supply made outside Québec in circumstances in which the vehicle, had it been acquired by way of a supply in Québec in the same circumstances, would have been acquired by way of zero-rated supply under section 197.2 and, at any time, the registrant begins to consume or use the motor vehicle or supplies it for any purpose other than those referred to in section 197.2 and that would not allow the registrant to claim an input tax refund in respect of the vehicle if the vehicle were acquired by the registrant at that time for exclusive use in the course of the commercial activities of the registrant,

(1)  the registrant is deemed to have made, on the last day of each month ending after that time, a supply of the vehicle for consideration, paid on that last day, equal to the amount that is 2.5% of the prescribed value of the vehicle; and

(2)  the registrant is deemed to have collected, on the last day of each month ending after that time, tax in respect of the supply calculated on that consideration.

For the purposes of this section, if the prescribed registrant makes a supply of a motor vehicle referred to in the first paragraph for no consideration or for nominal consideration, the prescribed registrant is deemed to consume or use the motor vehicle.

2001, c. 51, s. 274.