T-0.1 - Act respecting the Québec sales tax

Section 278 Disposition versions

1995-12-15

278. Where, in the course of an activity that involves the organization, promotion, hosting or other staging of a competitive event, a person gives a prize to a competitor in the event, the following rules apply:

(1)  the giving of the prize is deemed not to be a supply;

(2)  the prize is deemed not to be consideration for a supply by the competitor to the person; and

(3)  tax payable by the person in respect of any property given as the prize shall not be included in determining any input tax refund of the person for any reporting period.

1991, c. 67, s. 278; 1995, c. 63, s. 378.

1992-07-01

278. Where, in the course of an activity that involves the organization, promotion, hosting or other staging of a competitive event, a person gives a prize to a competitor in the event, the following rules apply:

(1)  the giving of the prize is deemed not to be a supply;

(2)  the prize is deemed not to be consideration for a supply by the competitor to the person; and

(3)  tax payable by the person in respect of any property given as the prize shall not be included in determining any input tax refund of the person for any reporting period.

Notwithstanding the first paragraph, where the property given by the person as the prize was acquired by the person by way of a non-taxable supply, the person is deemed

(1)  to have made a supply of property for consideration, paid at the time the prize was given, equal to its fair market value at that time; and

(2)  except where the supply is an exempt supply, to have collected, at that time, tax in respect of the supply, calculated on that consideration.

1991, c. 67, s. 278.