T-0.1 - Act respecting the Québec sales tax

Section 402.14 Disposition versions

2013-01-01

402.14. A pension entity of a pension plan that is a qualifying pension entity on the last day of a claim period of the pension entity is, for the claim period, entitled to a rebate equal to the amount determined by the formula

A - B.

For the purposes of the formula in the first paragraph,

(1)  A is the pension rebate amount of the pension entity for the claim period; and

(2)  B is the total of all amounts each of which is an amount

(a)  determined by the formula in the first paragraph of section 402.18 in respect of a qualifying employer because of an election made under that section for the claim period, or

(b)  determined in accordance with subparagraph 1 of the first paragraph of section 402.19 in respect of a qualifying employer because of an election made under that section for the claim period.

2001, c. 53, s. 363; 2011, c. 34, s. 151; 2012, c. 28, s. 143.

2011-12-09

402.14. A pension entity of a pension plan is, for each of its claim periods, entitled to a rebate equal to the amount determined by the formula

A - B.

For the purposes of the formula in the first paragraph,

(1)  A is the pension rebate amount of the pension entity for the claim period; and

(2)  B is the total of all amounts each of which is an amount

(a)  determined by the formula in the first paragraph of section 402.18 in respect of a qualifying employer because of an election made under that section for the claim period, or

(b)  determined in accordance with subparagraph 1 of the first paragraph of section 402.19 in respect of a qualifying employer because of an election made under that section for the claim period.

2001, c. 53, s. 363; 2011, c. 34, s. 151.

2001-12-20

402.14. A trust governed by a multi-employer plan that acquires or brings into Québec property or a service for consumption, use or supply in respect of the plan, is, for each claim period of the trust, entitled to a rebate equal to the amount determined by the formula

A − B.

For the purposes of this formula,

(1)  A is the total of all amounts each of which is tax that, during a particular period and after 31 December 1998, became payable by the trust or was paid by the trust without having become payable, in respect of the supply or bringing in of the property or service; and

(2)  B is the total of all amounts each of which is an amount that is included in the total referred to in subparagraph 1 for the period and

(a)  is included in determining an input tax refund of the trust in respect of the property or service for the period,

(b)  for which it can reasonably be regarded that the trust has obtained or is entitled to obtain a rebate, refund or remission under any other section of this Act or under any other Act of the Legislature of Québec, or

(c)  is included in an amount refunded, adjusted or credited to or in favour of the trust for which a credit note referred to in section 449 has been received by the trust or a debit note referred to in that section has been issued by the trust.

2001, c. 53, s. 363.