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T-0.1 - Act respecting the Québec sales tax

Section 446
Disposition versions

Full text
446. If all or part of a bad debt in respect of which a person has made a deduction under this subdivision is recovered at any time, the person shall, in determining net tax for the reporting period in which the bad debt or that part is recovered, add the amount determined by the formula

A × B / C.

For the purposes of this formula,
(1)  A is the amount of the bad debt recovered at that time;
(2)  B is the tax payable in respect of the supply to which the bad debt relates; and
(3)  C is the total of the consideration and tax payable in respect of the supply.
1991, c. 67, s. 446; 1993, c. 19, s. 233; 1995, c. 1, s. 329; 1997, c. 85, s. 694; 2001, c. 53, s. 376; 2009, c. 5, s. 663.
446. Where a person recovers all or part of a bad debt in respect of which the person has made a deduction under section 444, the person shall, in determining the net tax for the person’s reporting period in which the bad debt or that part is recovered, add the amount determined by the formula

A × B / C.

For the purposes of this formula,
(1)  A is the amount of the bad debt recovered by the person;
(2)  B is the tax payable in respect of the supply to which the bad debt relates; and
(3)  C is the total of the consideration and tax payable in respect of the supply.
1991, c. 67, s. 446; 1993, c. 19, s. 233; 1995, c. 1, s. 329; 1997, c. 85, s. 694; 2001, c. 53, s. 376.
446. Where a person recovers all or part of a bad debt in respect of which the person has made a deduction under section 444 or 445, the person shall, in determining the net tax for the reporting period of the person in which the bad debt or part thereof is recovered, add an amount determined by the formula


B
A x ---.
C

For the purposes of this formula,
(1)  A is the amount of the bad debt recovered by the person;
(2)  B is the tax payable in respect of the supply to which the bad debt relates; and
(3)  C is the total of the consideration and tax payable in respect of the supply.
1991, c. 67, s. 446; 1993, c. 19, s. 233; 1995, c. 1, s. 329; 1997, c. 85, s. 694.
446. Where a person recovers all or part of a bad debt in respect of which the person has made a deduction under section 444 or 445, the person shall, in determining the net tax for the reporting period of the person in which the bad debt or part thereof is recovered, add an amount equal to the tax fraction of the bad debt or part thereof so recovered.
1991, c. 67, s. 446; 1993, c. 19, s. 233; 1995, c. 1, s. 329.
446. Where a person recovers all or part of a bad debt in respect of which the person has made a deduction under section 444 or 445, the person shall, in determining the net tax for his reporting period in which the bad debt or part thereof is recovered, add an amount equal to the amount obtained by multiplying the amount of the bad debt or part thereof so recovered by the tax fraction applicable to the amount of the bad debt pursuant to section 444.
1991, c. 67, s. 446; 1993, c. 19, s. 233.
446. Where a person recovers all or part of a bad debt in respect of which the person has made a deduction under section 444 or 445, the person shall, in determining the net tax for his reporting period in which the bad debt or part thereof is recovered, add an amount equal to the tax fraction of the bad debt or part thereof so recovered.
1991, c. 67, s. 446.
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