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T-0.1 - Act respecting the Québec sales tax

Section 332
Disposition versions

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332. A particular corporation and another corporation are closely related to each other at any time if, at that time,
(1)  qualifying voting control in respect of the other corporation is held by, and not less than 90% of the value and number of the issued and outstanding shares, having full voting rights under all circumstances, of the capital stock of the other corporation are owned by,
(a)  the particular corporation,
(b)  a qualifying subsidiary of the particular corporation,
(c)  a corporation of which the particular corporation is a qualifying subsidiary, or
(d)  a qualifying subsidiary of a corporation of which the particular corporation is a qualifying subsidiary; or
(2)  the other corporation is a prescribed corporation in relation to the particular corporation.
1991, c. 67, s. 332; 1994, c. 22, s. 548; 2009, c. 5, s. 628; 2020, c. 16, s. 226.
332. A particular corporation and another corporation are closely related to each other at any time if, at that time,
(1)  not less than 90% of the value and number of the issued and outstanding shares of the capital stock of the other corporation, having full voting rights under all circumstances, are owned by
(a)  the particular corporation;
(b)  a qualifying subsidiary of the particular corporation;
(c)  a corporation of which the particular corporation is a qualifying subsidiary;
(d)  a qualifying subsidiary of a corporation of which the particular corporation is a qualifying subsidiary;
(e)  any combination of the corporations or subsidiaries referred to in subparagraphs a to d; or
(f)  (subparagraph repealed);
(2)  the other corporation is a prescribed corporation in relation to the particular corporation.
1991, c. 67, s. 332; 1994, c. 22, s. 548; 2009, c. 5, s. 628.
332. A particular corporation and another corporation are closely related to each other at any time if at that time the particular corporation is resident in Québec and is a registrant and at that time
(1)  the other corporation is resident in Québec and is a registrant and not less than 90% of the value and number of the issued and outstanding shares of the capital stock of the other corporation, having full voting rights in all circumstances, are owned by
(a)  the particular corporation;
(b)  a qualifying subsidiary of the particular corporation;
(c)  a corporation of which the particular corporation is a qualifying subsidiary;
(d)  a qualifying subsidiary of a corporation of which the particular corporation is a qualifying subsidiary;
(e)  any combination of the corporations or subsidiaries referred to in subparagraphs a to d; or
(f)  (subparagraph repealed);
(2)  the other corporation is a prescribed corporation in relation to the particular corporation.
For the purposes of this section, an insurer not resident in Québec that has a permanent establishment in Québec is deemed to be resident in Québec.
1991, c. 67, s. 332; 1994, c. 22, s. 548.
332. A particular corporation and another corporation are closely related to each other at any time if at that time the particular corporation is resident in Québec and is a registrant and at that time
(1)  the other corporation is resident in Québec and is a registrant and not less than 90 % of the value and number of the issued and outstanding shares of the capital stock of the other corporation, having full voting rights in all circumstances, are owned by
(a)  the particular corporation;
(b)  a qualifying subsidiary of the particular corporation;
(c)  a corporation of which the particular corporation is a qualifying subsidiary;
(d)  a qualifying subsidiary of a corporation of which the particular corporation is a qualifying subsidiary;
(e)  any combination of the corporations or subsidiaries referred to in subparagraphs a to d; or
(f)  a person or group of persons (not exceeding five) owning not less than 90 % of the value and number of the issued and outstanding shares of the capital stock of the particular corporation, having full voting rights under all circumstances; or
(2)  the other corporation is a prescribed corporation in relation to the particular corporation.
For the purposes of this section, an insurer not resident in Québec that has a permanent establishment in Québec is deemed to be resident in Québec.
1991, c. 67, s. 332.
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