I-3, r. 1 - Regulation respecting the Taxation Act

Section 1086r12 Disposition versions

2012-09-01

1086R12. Every person who, in respect of the disposition or redemption of a bearer debt obligation, makes a payment to an individual resident in Québec or acts on behalf or as the mandatary of such individual, must file an information return in prescribed form in respect of that transaction, indicating therein, in particular, the proceeds of that disposition or the amount of that redemption.

For the purposes of the first paragraph, a bearer debt obligation does not include a debt obligation redeemed at an amount equal to its issue price, a debt obligation referred to in subparagraph b of the first paragraph of section 92.5R3 or a coupon, warrant or cheque referred to in section 54 of the Tax Administration Act (chapter A-6.002).

s. 1086R7.5; O.C. 1471-91, s. 31; O.C. 473-95, s. 48; O.C. 134-2009, s. 1.