T-0.1 - Act respecting the Québec sales tax

Section 321 Disposition versions

1994-06-17

321. Subject to section 323, where at any time a creditor who has seized or repossessed property, in circumstances in which section 320 applies, makes a supply, other than an exempt supply, of the property, except where any of sections 323.1 to 323.3 applied at an earlier time in respect of the use of the property by the creditor, the following rules apply:

(1)  the creditor is deemed to have made the supply in the course of a commercial activity of the creditor; and

(2)  anything done by the creditor in the course of, or in connection with, the making of the supply and not in connection with the seizure or repossession is deemed to have been done in the course of the commercial activity.

1991, c. 67, s. 321; 1994, c. 22, s. 539.

1992-07-01

321. Subject to section 323, where a person who has seized or repossessed property, in circumstances in which section 320 applies, makes a supply of the property, except where the supply is an exempt supply, the person is deemed to have made the supply in the course of commercial activities of the person.

1991, c. 67, s. 321.