T-0.1 - Act respecting the Québec sales tax

Section 462.2 Disposition versions

1995-12-15

462.2. (Repealed).

1994, c. 22, s. 624; 1995, c. 63, s. 485.

1994-06-17

462.2. For the purposes of sections 460 and 461, the threshold amount of a person in respect of a particular fiscal month at any time in a fiscal year of the person is an amount equal to the total of

(1)  all amounts that became collectible and all other amounts collected by the person in the fiscal months of that fiscal year which immediately precede the particular fiscal month and which are referred to in subparagraph a of subparagraph 1 of the second paragraph of section 428, other than tax payable by a recipient in respect of a supply by way of sale of capital property of the person;

(2)  all amounts required under sections 297.2 and 350.30 to be added in determining the net tax of the person for the fiscal months of that fiscal year which immediately precede the particular fiscal month;

(3)  all amounts collected and all amounts that should have been collected by the person in the fiscal months of that fiscal year which immediately precede the particular fiscal month as or on account of tax under Title III; and

(4)  the total of all amounts each of which is an amount in respect of an associate of the person at the beginning of the particular fiscal month equal to the total of

(a)  all amounts that became collectible and all other amounts collected by the associate in the fiscal months of the associate ending in the fiscal year of the person before the beginning of the particular fiscal month and which are referred to in subparagraph a of subparagraph 1 of the second paragraph of section 428, other than tax payable by a recipient in respect of a supply by way of sale of capital property of the associate,

(b)  all amounts required under sections 297.2 and 350.30 to be added in determining the net tax of the associate for the fiscal months of the associate ending in the fiscal year of the person before the beginning of the particular fiscal month, and

(c)  all amounts collected and all amounts that should have been collected by the associate in the fiscal months of the associate ending in the fiscal year of the person before the beginning of the particular fiscal month as or on account of tax under Title III.

For the purposes of this section, any part of a calendar month included in the fiscal year of the person is a fiscal month.

1994, c. 22, s. 624.