TP1097
INSTRUCTIONS
Who should file the Form and when?
This form is to be completed by an individual or a corporation residing outside Canada, called a "non-resident vendor," who proposes to dispose of a "taxable Québec property" or who has disposed of such a property.
As a rule, this notice must be filed with the Ministère by registered mail within 10 days following the disposition of taxable Québec property. In the case of a proposed disposition, the notice is optional. However, a vendor that files the notice with respect to a proposed disposition is not required to file another one when the property is actually disposed of, unless certain information in part 1 or 2 below has changed (for example, the purchaser has changed, the actual selling price is higher than estimated, or the adjusted cost base is lower than that indicated).
Where there is more than one vendor with respect a disposition, a separate notice must be filed for each vendor. A separate notice must also be filed for each disposition, unless a number of properties have been or will be disposed of simultaneously by the same vendor to the same purchaser. In that case, a single notice is sufficient.
Notices must be sent to the
Ministère du Revenu du Québec,
3800, rue de Marly,
Sainte-Foy (Québec)
G1X 4A5.
Definition of "Taxable Québec property"
- For individuals and corporations(2) an immovable for which the proceeds of disposition are included in business income;
(3) capital property used in Québec in the course of a business (other than an insurance business);
(4) an interest or option with respect to any of the above-mentioned property;
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