I-3 - Taxation Act

Section 1102.1 Disposition versions

2019-06-19

1102.1. Where a person not resident in Canada disposes or proposes to dispose to a taxpayer, in a taxation year, property (other than excluded property) that is a life insurance policy described in subparagraph k of the first paragraph of section 1089, a Québec resource property within the meaning of subparagraph d of the first paragraph of section 1089, a Québec timber resource property within the meaning of subparagraph e of the first paragraph of section 1089, property (other than capital property) that is immovable property situated in Québec or depreciable property that is a taxable Québec property and the person not resident in Canada pays to the Minister, on account of tax payable for the year by the person not resident in Canada such an amount as is reasonable to the Minister in respect of the disposition or proposed disposition of the property or furnishes the Minister with security acceptable to the Minister in respect of the disposition or proposed disposition of the property, the Minister shall forthwith issue to the person not resident in Canada and to the taxpayer a certificate in prescribed form fixing therein the amount of the proceeds of disposition or proposed disposition of the property or such other amount as is reasonable in the circumstances.

Property described in the first paragraph includes, at a particular time, any right, interest or option in respect of the property, whether or not the property exists at that time.

1982, c. 5, s. 201; 1984, c. 15, s. 243; 1986, c. 19, s. 203; 1993, c. 16, s. 348; 2001, c. 7, s. 159; 2004, c. 8, s. 194; 2009, c. 5, s. 504; 2015, c. 24, s. 156; 2019, c. 14, s. 438.

2015-10-26

1102.1. Where a person not resident in Canada disposes or proposes to dispose to a taxpayer, in a taxation year a property, other than excluded property, that is a life insurance policy described in subparagraph k of the first paragraph of section 1089, a Québec resource property within the meaning of subparagraph d of the first paragraph of section 1089, a Québec timber resource property within the meaning of subparagraph e of the first paragraph of section 1089, property, other than capital property, that is immovable property situated in Québec, depreciable property that is a taxable Québec property or an incorporeal capital property that is a taxable Québec property and the person not resident in Canada pays to the Minister, on account of tax payable for the year by the person not resident in Canada such an amount as is reasonable to the Minister in respect of the disposition or proposed disposition of the property or furnishes the Minister with security acceptable to the Minister in respect of the disposition or proposed disposition of the property, the Minister shall forthwith issue to the person not resident in Canada and to the taxpayer a certificate in prescribed form fixing therein the amount of the proceeds of disposition or proposed disposition of the property or such other amount as is reasonable in the circumstances.

Property described in the first paragraph includes, at a particular time, any right, interest or option in respect of the property, whether or not the property exists at that time.

1982, c. 5, s. 201; 1984, c. 15, s. 243; 1986, c. 19, s. 203; 1993, c. 16, s. 348; 2001, c. 7, s. 159; 2004, c. 8, s. 194; 2009, c. 5, s. 504; 2015, c. 24, s. 156.

2009-05-15

1102.1. Where a person not resident in Canada disposes or proposes to dispose to a taxpayer, in a taxation year a property, other than excluded property, that is a life insurance policy described in subparagraph k of the first paragraph of section 1089, a Québec resource property within the meaning of subparagraph d of the first paragraph of section 1089, a Québec timber resource property within the meaning of subparagraph e of the first paragraph of section 1089, property, other than capital property, that is immovable property situated in Québec, depreciable property that is a taxable Québec property or an incorporeal capital property that is a taxable Québec property and the person not resident in Canada pays to the Minister, on account of tax payable for the year by the person not resident in Canada such an amount as is reasonable to the Minister in respect of the disposition or proposed disposition of the property or furnishes the Minister with security acceptable to the Minister in respect of the disposition or proposed disposition of the property, the Minister shall forthwith issue to the person not resident in Canada and to the taxpayer a certificate in prescribed form fixing therein the amount of the proceeds of disposition or proposed disposition of the property or such other amount as is reasonable in the circumstances.

Property described in the first paragraph includes, at a particular time, any interest in or option in respect of the property, whether or not the property exists at that time.

1982, c. 5, s. 201; 1984, c. 15, s. 243; 1986, c. 19, s. 203; 1993, c. 16, s. 348; 2001, c. 7, s. 159; 2004, c. 8, s. 194; 2009, c. 5, s. 504.

2006-03-01

1102.1. Where a person not resident in Canada disposes or proposes to dispose to a taxpayer, in a taxation year a property, other than excluded property, that is a life insurance policy described in subparagraph k of the first paragraph of section 1089, a Québec resource property within the meaning of subparagraph d of the first paragraph of section 1089, a Québec timber resource property within the meaning of subparagraph e of the first paragraph of section 1089, property, other than capital property, that is immovable property situated in Québec, or depreciable property that is a taxable Québec property and the person not resident in Canada pays to the Minister, on account of tax payable for the year by the person not resident in Canada such an amount as is reasonable to the Minister in respect of the disposition or proposed disposition of the property or furnishes the Minister with security acceptable to the Minister in respect of the disposition or proposed disposition of the property, the Minister shall forthwith issue to the person not resident in Canada and to the taxpayer a certificate in prescribed form fixing therein the amount of the proceeds of disposition or proposed disposition of the property or such other amount as is reasonable in the circumstances.

Property described in the first paragraph includes, at a particular time, any interest in or option in respect of the property, whether or not the property exists at that time.

1982, c. 5, s. 201; 1984, c. 15, s. 243; 1986, c. 19, s. 203; 1993, c. 16, s. 348; 2001, c. 7, s. 159; 2004, c. 8, s. 194.