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P-40.1, r. 3 - Regulation respecting the application of the Consumer Protection Act
Section 79.10
Disposition versions
79.10. For the purposes of section 214.7 of the Act, the indemnity that may be required if a consumer unilaterally cancels a fixed-term contract may not exceed the value of the economic inducement less the amount obtained by multiplying the economic inducement by a fraction representing the number of contract months completely elapsed as compared to the total number of contract months. The month started at the time of cancellation is deemed to be a month completely elapsed.
The economic inducement used to calculate the cancellation indemnity is the amount of the rebate granted to the consumer on the sale price charged for goods purchased on the making of the contract that are needed to use the service for which the contract was made.
