D-16 - Succession Duties Act

Section 4 Disposition versions

1977-12-31

4. The word “property” within the meaning of this division includes all property, moveable or immoveable, situate within Québec, and all debts which were owing to the deceased at the time of his death, or are payable by reason of his death, and which are either payable in Québec or are due by a debtor domiciled therein; the whole whether the deceased at the time of his death had his domicile within or without Québec, or whether the transmission takes place within or without Québec.

The deceased’s interest in an insurance contract on the life of another person shall be property within the meaning of this act.

However, the sum of money due by an insurer by reason of the death of an insured whose domicile is not in Québec at the time of his death shall not be deemed to be property situate within Québec, although it shall be included in the aggregate value for the purpose of determining the rates of duties.

R. S. 1964, c. 70, s. 4.