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B-1.1, r. 8 - Regulation respecting the guarantee plan for new residential buildings
Section 50
Disposition versions
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,251.77 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,847.85 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,215.31 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,794.03 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,179.91 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,741.78 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,152.14 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,700.79 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,140.28 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,683.28 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,118.69 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,651.41 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,094.50 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,615.70 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,078.33 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,591.82 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,063.34 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,569.69 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. The amount collected by the manager of a guarantee plan for each guarantee certificate must be at least
(1) $1,050 for each guarantee certificate corresponding to detached, semi-detached or row-type single-family dwelling held or not in divided co-ownership or for each guarantee certificate corresponding to a multifamily building, from a duplex to a quintuplex, not held in divided co-ownership;
(2) $1,550 for each guarantee certificate of a multifamily building comprising no more than 4 private portions stacked one above the other held in divided co-ownership.
The amounts provided for in the first paragraph are thereafter indexed annually according to the percentage increase in the Consumer Price Index for Canada published by Statistics Canada under the Statistics Act (R.S.C. 1985, c. S-19), for the 12 months of the preceding year in relation to the 12 months of the year preceding that year.
If the amounts thus indexed have more than 2 decimals, only the first 2 decimals are retained and the second is increased by 1 unit if the third is equal to or greater than 5.
The Board publishes in the Gazette officielle du Québec the results of any indexation carried out under this section.
The manager must immediately deposit in the reserve account 60% of any sum collected in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
The investment income from the reserve account must be paid into the reserve account. Following a claim, the amounts recovered by the manager from the contractors, insurers or others must also be paid into the reserve account.
50. For that purpose, the manager shall immediately deposit in the reserve account, according to the classes of buildings concerned, the amounts indicated in the table appearing in Schedule I. Those amounts shall in no case be less than 60% of any sum received in consideration of a guarantee certificate issued under the approved plan.
The manager must also collect for each guarantee certificate an amount of $300 that is then paid directly into the guarantee fund administered by the Board. The amount of $300 is not included in the calculation of the amount to be paid into the reserve account of this section or in the calculation of the excess required in section 48.
50. For that purpose, the manager shall immediately deposit in the reserve account, according to the classes of buildings concerned, the amounts indicated in the table appearing in Schedule I. Those amounts shall in no case be less than 60% of any sum received in consideration of a guarantee certificate issued under the approved plan.
