T-0.1 - Act respecting the Québec sales tax

Section 231.2 Disposition versions

1997-12-19

231.2. For the purposes of section 231.3,

“government funding”, in respect of a residential complex, means

(1)  an amount of money, including a forgivable loan but not including any other loan or a refund or rebate of, or credit in respect of, fees, duties or taxes imposed under any Act, paid or payable by either of the following persons to a builder of the residential complex or of an addition thereto for the purpose of making residential units in the complex available to persons referred to in the second paragraph of section 231.3:

(a)  a grantor, or

(b)  an organization that received the amount from a grantor or another organization that received the amount from a grantor;

“grantor” means

(1)  a government or municipality, other than a corporation all or substantially all of whose activities are commercial activities or the supply of financial services or any combination thereof;

(2)  a band within the meaning of section 2 of the Indian Act (Revised Statutes of Canada, 1985, chapter I-5);

(3)  a corporation that is controlled by a government, a municipality or a band referred to in paragraph 2 and one of the main purposes of which is to fund charitable or non-profit activities; and

(4)  a trust, board, commission or other body that is established by a government, municipality, band referred to in paragraph 2 or corporation described in paragraph 3 and one of the main purposes of which is to fund charitable or non-profit activities.

1997, c. 85, s. 552.