T-0.1, r. 2 - Regulation respecting the Québec sales tax

Section 434r8.6 Disposition versions

2013-07-03

434R8.6. A registrant who has elected to determine the net tax of the registrant in accordance with sections 434R8.1 to 434R8.14 ceases to be a registrant who may so determine that net tax at the earliest of

(1)  if the threshold amount for the second or third fiscal quarter in a fiscal year of the registrant exceeds $1,000,000, the end of the first fiscal quarter in that fiscal year for which the threshold amount exceeds $1,000,000;

(2)  if the threshold amount for a fiscal year of the registrant exceeds $1,000,000, the end of the first fiscal quarter in that fiscal year;

(3)  if the registrant is not a public service body and the purchase threshold of the registrant for a particular day exceeds $4,000,000, the end of the preceding day;

(4)  if the registrant is a public service body and the purchase threshold for a fiscal year of the registrant exceeds $4,000,000, the end of the first fiscal quarter in that fiscal year; and

(5)  if the registrant becomes a person referred to in the definition of “listed financial institution” in section 1 of the Act during a fiscal quarter of the registrant, the end of that fiscal quarter.

O.C. 1463-2001, s. 39; O.C. 701-2013, s. 37.

2012-09-01

434R8.6. A registrant who has elected to determine the net tax of the registrant in accordance with sections 434R8.1 to 434R8.14 ceases to be a registrant who may so determine that net tax at the earliest of

(1)  if the threshold amount for the second or third fiscal quarter in a fiscal year of the registrant exceeds $500,000, the end of the first fiscal quarter in that fiscal year for which the threshold amount exceeds $500,000;

(2)  if the threshold amount for a fiscal year of the registrant exceeds $500,000, the end of the first fiscal quarter in that fiscal year;

(3)  if the registrant is not a public service body and the purchase threshold of the registrant for a particular day exceeds $2,000,000, the end of the preceding day;

(4)  if the registrant is a public service body and the purchase threshold for a fiscal year of the registrant exceeds $2,000,000, the end of the first fiscal quarter in that fiscal year; and

(5)  if the registrant becomes a person referred to in the definition of “listed financial institution” in section 1 of the Act during a fiscal quarter of the registrant, the end of that fiscal quarter.

O.C. 1463-2001, s. 39.