Section 345 — Excise Tax Act: Lifetime memberships

Notwithstanding subsections 341(1) to (3), where a supply of a membership is made to an individual for the lifetime of the individual, or to a person other than an individual for the lifetime of an individual designated by the person, to the extent that the total of all amounts that were paid after August 1990 and before 1991 as or on account of consideration for the supply exceeds 25% of the total consideration for the supply, the consideration shall be deemed to have become due on January 1, 1991 and not to have been paid before 1991.