T-0.1 - Act respecting the Québec sales tax

Section 224.4 Disposition versions

2011-04-01

224.4. A builder having made an election under section 224.1 in respect of a residential complex shall pay interest at the rate determined in section 28 of the Tax Administration Act (chapter A-6.002) on the tax payable in respect of the supply deemed to have been made under section 223 or 224 for the period that begins on the day on which the builder is deemed to have made the supply of the residential complex and that ends on the earliest of

(1)  the day after the 12-month period following the supply deemed to have been made under section 223 or 224;

(2)  the day on which the tax under section 16 is payable in respect of the supply of the residential complex by way of sale in the circumstances described in the first paragraph of section 224.2; and

(3)  the day on which the builder remits the tax the builder is deemed under section 223 or 224 to have collected in respect of the residential complex.

There shall be added, in determining the net tax of the builder for the reporting period of the builder during which the builder is required to include, in determining that net tax, any tax that has become collectible, has been collected or is deemed to have been collected by the builder in respect of the residential complex, the amount equal to the interest payable under the first paragraph.

However, the first paragraph does not apply where the builder remits to the Minister the tax deemed under section 223 or 224 to have been collected by the builder in respect of the residential complex on or before the day on which the builder is required to file an election under section 224.3.

1997, c. 14, s. 339; 2010, c. 31, s. 175.

1997-05-22

224.4. A builder having made an election under section 224.1 in respect of a residential complex shall pay interest at the rate determined in section 28 of the Act respecting the Ministère du Revenu (chapter M-31) on the tax payable in respect of the supply deemed to have been made under section 223 or 224 for the period that begins on the day on which the builder is deemed to have made the supply of the residential complex and that ends on the earliest of

(1)  the day after the 12-month period following the supply deemed to have been made under section 223 or 224;

(2)  the day on which the tax under section 16 is payable in respect of the supply of the residential complex by way of sale in the circumstances described in the first paragraph of section 224.2; and

(3)  the day on which the builder remits the tax the builder is deemed under section 223 or 224 to have collected in respect of the residential complex.

There shall be added, in determining the net tax of the builder for the reporting period of the builder during which the builder is required to include, in determining that net tax, any tax that has become collectible, has been collected or is deemed to have been collected by the builder in respect of the residential complex, the amount equal to the interest payable under the first paragraph.

However, the first paragraph does not apply where the builder remits to the Minister the tax deemed under section 223 or 224 to have been collected by the builder in respect of the residential complex on or before the day on which the builder is required to file an election under section 224.3.

1997, c. 14, s. 339.