If you are a non-resident vendor and you disposed of (that is, sold, transferred, exchanged, gave, etc.) taxable Québec property, you usually have to file a notice of disposition.

Send a notice of disposition by registered mail to the following address within 10 days of the date of disposition:

Revenu Québec
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.