T-0.1 - Act respecting the Québec sales tax

Section 525 Disposition versions

2011-02-17

525. The tax on a damage insurance premium shall be collected at the same time as the premium and remitted to the Minister by

(1)  the insurance broker;

(1.1)  the distributor authorized under the Act respecting the distribution of financial products and services (chapter D-9.2) to provide an automobile insurance policy that is replacement insurance within the meaning of paragraph 5 of section 424 of that Act;

(2)  the insurer, if the premium has not been remitted to an insurance broker or to the distributor referred to in subparagraph 1.1 or if it has been remitted to an insurance broker from outside Québec who does not furnish proof to the insurer that the tax has been remitted to the Minister; or

(3)  (subparagraph repealed);

(4)  any other person who receives payment of an insurance premium which he is not required to remit to another person, including an organization which receives payment of a premium payable under an Act.

In addition, the tax in respect of a damage insurance premium shall be collected by the travel agent at the same time as the premium and remitted to the Minister by the travel agent only where the travel agent is required to remit that premium to a person who does not hold a registration certificate.

1991, c. 67, s. 525; 2005, c. 1, s. 374; 2011, c. 1, s. 154.

2005-03-17

525. The tax on a damage insurance premium shall be collected at the same time as the premium and remitted to the Minister by

(1)  the insurance broker;

(2)  the insurer, where the premium has not been remitted to an insurance broker or where it has been remitted to an insurance broker from outside Québec who does not furnish proof to him that the tax has been remitted to the Minister; or

(3)  (subparagraph repealed);

(4)  any other person who receives payment of an insurance premium which he is not required to remit to another person, including an organization which receives payment of a premium payable under an Act.

In addition, the tax in respect of a damage insurance premium shall be collected by the travel agent at the same time as the premium and remitted to the Minister by the travel agent only where the travel agent is required to remit that premium to a person who does not hold a registration certificate.

1991, c. 67, s. 525; 2005, c. 1, s. 374.

1992-07-01

525. The tax on a damage insurance premium shall be collected at the same time as the premium and remitted to the Minister by

(1)  the insurance broker, except in respect of any premium remitted to him by a travel agent;

(2)  the insurer, where the premium has not been remitted to a travel agent or an insurance broker or where it has been remitted to an insurance broker from outside Québec who does not furnish proof to him that the tax has been remitted to the Minister;

(3)  the travel agent; or

(4)  any other person who receives payment of an insurance premium which he is not required to remit to another person, including an organization which receives payment of a premium payable under an Act.

1991, c. 67, s. 525.