T-0.1 - Act respecting the Québec sales tax

Section 300 Disposition versions

2013-01-01

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 9.975/109.975; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520; 1995, c. 63, s. 401; 1997, c. 85, s. 591; 2010, c. 5, s. 218; 2011, c. 6, s. 255; 2012, c. 28, s. 95.

2012-01-01

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 9.5/109.5; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520; 1995, c. 63, s. 401; 1997, c. 85, s. 591; 2010, c. 5, s. 218; 2011, c. 6, s. 255.

2011-01-01

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 8.5/108.5; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520; 1995, c. 63, s. 401; 1997, c. 85, s. 591; 2010, c. 5, s. 218.

1997-12-19

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the amount determined by multiplying the fair market value of the property at that time by 7.5/107.5; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520; 1995, c. 63, s. 401; 1997, c. 85, s. 591.

1995-12-15

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the tax fraction of the fair market value of the property at that time; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520; 1995, c. 63, s. 401.

1994-06-17

300. Where at any time an insurer to whom an immovable has been transferred, in circumstances in which section 298 applies, begins to use the immovable otherwise than in the making of a supply of the immovable, the insurer is deemed to have made a supply of the property at that time and, except where the supply is an exempt or non-taxable supply,

(1)  the insurer is deemed to have collected, at that time, tax in respect of the supply equal to the tax fraction of the fair market value of the property at that time; and

(2)  the insurer is deemed to have acquired the property and to have paid that tax at that time.

1991, c. 67, s. 300; 1994, c. 22, s. 520.

1992-07-01

300. Where at any time an insurer to whom property has been transferred in the course of settling an insurance claim begins to use the property otherwise than in the making of a supply of the property, the insurer is deemed to have made a supply of the property and, except where the supply is an exempt, zero-rated or non-taxable supply, the following rules apply:

(1)  the insurer is deemed to have collected at that time tax in respect of the supply equal to the tax fraction of the fair market value of the property at that time; and

(2)  if the insurer is a registrant, the insurer is deemed to have acquired the property immediately before that time from a registrant and to have paid that tax immediately before that time.

1991, c. 67, s. 300.