T-0.1 - Act respecting the Québec sales tax

Section 372 Disposition versions

1993-06-15

372. (Repealed).

1991, c. 67, s. 372; 1993, c. 19, s. 226.

1992-07-01

372. For the purposes of section 371, the rebate to which a particular individual is entitled in respect of a supply of a share of the capital stock of a cooperative housing corporation is equal to

(1)  where the total consideration is not more than $173 340, the amount determined by the formula

            (2.66 % x (A - B)) + 8 % x B;

(2)  where the total consideration is more than $173 340 but less than $202 230, the amount determined by the formula

       (          ($202 230 - A) )Š       ( $4 514 x -------------- ) + 8 % x B.Š       (             $28 890     )

For the purposes of these formulas,

(1)  A is the total consideration;

(2)  B is the rebate to which the particular individual is entitled in respect of the supply of the share of the capital stock of the cooperative housing corporation under subsection 2 of section 255 of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15).

1991, c. 67, s. 372.