T-0.1 - Act respecting the Québec sales tax

Section 350.23.6 Disposition versions

2003-07-03

350.23.6. For the purpose of determining a particular person’s shipping revenue percentage or an amount under any of sections 350.23.2 to 350.23.5 in respect of finished inventory of a particular person or customers’ goods in respect of a particular person, the following rules apply if a supply between the particular person and another person with whom the particular person is not dealing at arm’s length is made for no consideration or for less than fair market value and any consideration for the supply would be included in determining the income from a business of the particular person for a year:

(1)  the supply is deemed to have been made for consideration equal to fair market value; and

(2)  that consideration is deemed to be included in determining that income.

2003, c. 2, s. 335.