I-3 - Taxation Act

Section 1029.8.171 Disposition versions

2019-06-19

1029.8.171. An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2016 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2016 on account of the individual’s tax payable under this Part for that year an amount equal to the lesser of $10,000 and the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2016 in relation to an eligible dwelling of the individual exceeds $2,500, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2017 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2017 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2017, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the individual’s qualified expenditure, in relation to the eligible dwelling, for the taxation year 2016; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under the first paragraph, in relation to the eligible dwelling.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2018 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2018 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2018, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the aggregate of all amounts each of which is the individual’s qualified expenditure, in relation to the eligible dwelling, for each of the taxation years 2016 and 2017; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under the first or second paragraph, in relation to the eligible dwelling.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2019 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2019 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2019, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the aggregate of all amounts each of which is the individual’s qualified expenditure, in relation to the eligible dwelling, for each of the taxation years 2016, 2017 and 2018; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under any of the first, second and third paragraphs, in relation to the eligible dwelling.

For the purposes of this section, an individual who dies or ceases to be resident in Canada in a taxation year is deemed to be resident in Québec at the end of 31 December of that year if the individual was resident in Québec immediately before dying or, as the case may be, on the last day the individual was resident in Canada.

2017, c. 1, s. 336; 2017, c. 29, s. 195; 2019, c. 14, s. 414.

2017-12-07

1029.8.171. An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2016 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2016 on account of the individual’s tax payable under this Part for that year an amount equal to the lesser of $10,000 and the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2016 in relation to an eligible dwelling of the individual exceeds $2,500, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2017 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2017 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2017, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the individual’s qualified expenditure, in relation to the eligible dwelling, for the taxation year 2016; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under the first paragraph, in relation to the eligible dwelling.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2018 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2018 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2018, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the aggregate of all amounts each of which is the individual’s qualified expenditure, in relation to the eligible dwelling, for each of the taxation years 2016 and 2017; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under the first or second paragraph, in relation to the eligible dwelling.

For the purposes of this section, an individual who dies or ceases to be resident in Canada in a taxation year is deemed to be resident in Québec at the end of 31 December of that year if the individual was resident in Québec immediately before dying or, as the case may be, on the last day the individual was resident in Canada.

2017, c. 1, s. 336; 2017, c. 29, s. 195.

2017-02-08

1029.8.171. An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2016 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2016 on account of the individual’s tax payable under this Part for that year an amount equal to the lesser of $10,000 and the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2016 in relation to an eligible dwelling of the individual exceeds $2,500, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information.

An individual, other than a trust, who is resident in Québec at the end of 31 December of the taxation year 2017 is deemed to have paid to the Minister on the individual’s balance-due day for the individual’s taxation year 2017 on account of the individual’s tax payable under this Part for that year, if the individual files with the Minister, together with the fiscal return the individual is required to file for the year, or would be required to so file if tax were payable for the year, the prescribed form containing prescribed information, an amount equal to the lesser of

(a)  the amount obtained by multiplying 20% by the amount by which the individual’s qualified expenditure for the taxation year 2017, in relation to an eligible dwelling of the individual, exceeds the amount by which $2,500 exceeds the individual’s qualified expenditure, in relation to the eligible dwelling, for the taxation year 2016; and

(b)  the amount by which $10,000 exceeds the aggregate of all amounts each of which is an amount that the individual, or a person together with whom the individual owns the eligible dwelling, is deemed to have paid to the Minister under the first paragraph, in relation to the eligible dwelling.

For the purposes of this section, an individual who dies or ceases to be resident in Canada in a taxation year is deemed to be resident in Québec at the end of 31 December of that year if the individual was resident in Québec immediately before dying or, as the case may be, on the last day the individual was resident in Canada.

2017, c. 1, s. 336.