T-0.1, r. 2 - Regulation respecting the Québec sales tax

Section 389r2 Disposition versions

2012-09-01

389R2. For the purposes of sections 389R8 and 389R9, the threshold amount for a particular fiscal year of a person is equal to the total of

(1)  the amount determined by the formula

A x 365/B; and

(2)  the total of all amounts each of which is an amount in respect of an associate of the person who was associated with the person at the end of the fiscal year of the associate that is the last fiscal year of the associate ending in the fiscal year immediately preceding the particular fiscal year of the person, determined by the formula

C x 365/D.

In applying the formulas provided for in the first paragraph,

(1)  A is the total of all consideration, other than consideration referred to in section 75.2 of the Act that is attributable to goodwill of a business, for taxable supplies, other than supplies of financial services and supplies by way of sale of immovables that are capital property of the person, made by the person that became due, or was paid without having become due, to the person in the fiscal year immediately preceding the particular fiscal year of the person;

(2)  B is the number of days in the fiscal year immediately preceding the particular fiscal year;

(3)  C is the total of all consideration, other than consideration referred to in section 75.2 of the Act that is attributable to goodwill of a business, for taxable supplies, other than supplies of financial services and supplies by way of sale of immovables that are capital property of the associate, made by the associate that became due, or was paid without having become due, to the associate in the fiscal year of the associate; and

(4)  D is the number of days in the fiscal year of the associate.

O.C. 1463-2001, s. 28.