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T-0.1 - Act respecting the Québec sales tax

Section 322
Disposition versions

Full text
322. (Repealed).
1991, c. 67, s. 322; 1994, c. 22, s. 540.
322. Where at any time a person who has seized or repossessed property begins to use the property otherwise than in the making of a supply of the property, the person 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 person 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 person is a registrant, the person 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. 322.
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