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

Section 434r0.4 Disposition versions

2019-06-19

434R0.4. For the purposes of sections 434R0.1 to 434R12, the total threshold amount for a reporting period of a registrant is equal to the total of

(1)  the amount determined by the formula provided for in the second paragraph; and

(2)  the total of all amounts, each of which is an amount in respect of an associate of the registrant who was associated with the registrant at the end of the particular fiscal year of the associate that is the last fiscal year of the associate ending in that threshold period, determined by the formula provided for in the fourth paragraph.

The formula to which subparagraph 1 of the first paragraph refers is

(A + B) x 365/C.

In applying the formula provided for in the second 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 or capital assets of the registrant, made by the registrant that became due, or was paid without having become due, to the registrant in the threshold period for the reporting period;

(2)  B is the total of all tax under section 16 of the Act that became collectible in the threshold period in respect of taxable supplies, other than supplies of financial services and supplies by way of sale of immovables or capital assets of the registrant, made by the registrant; and

(3)  C is the number of days in the threshold period.

The formula to which subparagraph 2 of the first paragraph refers is

(D + E) x 365/F.

In applying the formula provided for in the fourth paragraph,

(1)  D 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 or capital assets of the associate, made by the associate that became due, or was paid without having become due, to the associate in the particular fiscal year;

(2)  E is the total of all tax under section 16 of the Act that became collectible in the particular fiscal year in respect of taxable supplies, other than supplies of financial services and supplies by way of sale of immovables or capital assets of the associate, made by the associate; and

(3)  F is the number of days in the particular fiscal year.

O.C. 1463-2001, s. 29; S.Q. 2019, c .14, s. 661.

2012-09-01

434R0.4. For the purposes of sections 434R0.1 to 434R12, the total threshold amount for a reporting period of a registrant is equal to the total of

(1)  the amount determined by the formula provided for in the second paragraph; and

(2)  the total of all amounts, each of which is an amount in respect of an associate of the registrant who was associated with the registrant at the end of the particular fiscal year of the associate that is the last fiscal year of the associate ending in that threshold period, determined by the formula provided for in the fourth paragraph.

The formula to which subparagraph 1 of the first paragraph refers is

(A + B) x 365/C.

In applying the formula provided for in the second 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, capital assets or eligible capital property of the registrant, made by the registrant that became due, or was paid without having become due, to the registrant in the threshold period for the reporting period;

(2)  B is the total of all tax under section 16 of the Act that became collectible in the threshold period in respect of taxable supplies, other than supplies of financial services and supplies by way of sale of immovables, capital assets or eligible capital property of the registrant, made by the registrant; and

(3)  C is the number of days in the threshold period.

The formula to which subparagraph 2 of the first paragraph refers is

(D + E) x 365/F.

In applying the formula provided for in the fourth paragraph,

(1)  D 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, capital assets or eligible capital property of the associate, made by the associate that became due, or was paid without having become due, to the associate in the particular fiscal year;

(2)  E is the total of all tax under section 16 of the Act that became collectible in the particular fiscal year in respect of taxable supplies, other than supplies of financial services and supplies by way of sale of immovables, capital assets or eligible capital property of the associate, made by the associate; and

(3)  F is the number of days in the particular fiscal year.

O.C. 1463-2001, s. 29.