I-3 - Taxation Act

Section 1097 Disposition versions

2011-06-06

1097. An individual not resident in Canada who proposes to dispose of any taxable Québec property other than property described in section 1102.1, property described in paragraph c or d of section 1094, or an excluded property may, before the disposition, send to the Minister a notice setting out

(a)  the name and address of the proposed purchaser;

(b)  a description of the property sufficiently precise to recognize it;

(c)  the estimated amount of the proceeds of disposition to be received by him for such property; and

(d)  the amount of the adjusted cost base of such property on the date of such notice.

The same rule applies in the case of a corporation not resident in Canada which proposes to dispose of a taxable Québec property which would be referred to in the first paragraph if that paragraph were read without reference to “, property described in paragraph c or d of section 1094,”.

1972, c. 23, s. 820; 1973, c. 17, s. 129; 1982, c. 5, s. 199; 1984, c. 35, s. 31; 1996, c. 39, s. 261; 1997, c. 3, s. 71; 2001, c. 7, s. 157; 2004, c. 8, s. 192; 2011, c. 6, s. 217.

2006-03-01

1097. An individual not resident in Canada who proposes to dispose of any taxable Québec property other than property described in section 1102.1, property described in any of paragraphs c to h.1 of section 1094, or an excluded property may, before the disposition, send to the Minister a notice setting out

(a)  the name and address of the proposed purchaser;

(b)  a description of the property sufficiently precise to recognize it;

(c)  the estimated amount of the proceeds of disposition to be received by him for such property; and

(d)  the amount of the adjusted cost base of such property on the date of such notice.

The same rule applies in the case of a corporation not resident in Canada which proposes to dispose of a taxable Québec property which would be referred to in the first paragraph if that paragraph were read without reference to “, property described in any of paragraphs c to h.1 of section 1094,”.

1972, c. 23, s. 820; 1973, c. 17, s. 129; 1982, c. 5, s. 199; 1984, c. 35, s. 31; 1996, c. 39, s. 261; 1997, c. 3, s. 71; 2001, c. 7, s. 157; 2004, c. 8, s. 192.