Failure to File a Notice of Disposition of Taxable Québec Property by a Non-Resident Vendor
If you are a non-resident vendor and you disposed of (that is, sold, transferred, gave, bequeathed, etc.) taxable Québec property, you usually have to file a notice of disposition.
Within 10 days of the date of disposition, send a notice of disposition by registered mail to:
3800, rue de Marly
Québec (Québec) G1X 4A5
If you fail to send us a notice of disposition within the prescribed time period, you will be liable to a penalty of $25 for every day you are late, up to a maximum of $2,500.
However, you are not required to file a notice of disposition of property and you will not be subject to a penalty if you have filed a notice of proposed disposition and:
- the actual purchaser is the purchaser specified in the notice of proposed disposition;
- the actual proceeds of disposition are not more than the proceeds specified in the notice of proposed disposition; and
- the adjusted cost base (ACB) immediately before the disposition is not less than the ACB specified in the notice of proposed disposition.
For more information, see form TP-1097-V, Notice of Disposition or Proposed Disposition of Taxable Québec Property by an Individual or Corporation Not Resident in Canada.