T-0.1 - Act respecting the Québec sales tax

Section 9.1 Disposition versions

2020-09-24

9.1. Where an arrangement is deemed to be a trust under section 7.10 or 7.10.1 of the Taxation Act (chapter I-3), the following rules apply:

(1)  the arrangement is deemed to be a trust;

(2)  property subject to rights and obligations under the arrangement is deemed to be held in trust and not otherwise;

(3)  in the case of an arrangement referred to in section 7.10 of that Act, a person that has a right (whether immediate or future and whether absolute or contingent) to receive all or part of the income or capital in respect of property that is referred to in that section is deemed to be beneficially interested in the trust; and

(4)  in the case of an arrangement referred to in section 7.10.1 of that Act, any property contributed at any time to the arrangement by an annuitant, a holder or a subscriber of the arrangement is deemed to have been transferred, at that time, to the trust by the annuitant, the holder or the subscriber, as the case may be.

2020, c. 16, s. 197.