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T-0.1 - Act respecting the Québec sales tax
Section 433.19.15
Disposition versions
433.19.15. A selected listed financial institution that is a stratified investment plan, but is not a selected listed financial institution for the purposes of Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15), may elect, in respect of a series of the financial institution, that paragraph a of subsection 3 of section 225.4 of that Act not be taken into account for the purpose of determining the financial institution’s percentage, for the series and as regards Québec, that is used in determining the value of A in the formula in the first paragraph of section 433.16.2 for a reporting period in a fiscal year in which the election is in effect.
A selected listed financial institution that is a non-stratified investment plan, but is not a selected listed financial institution for the purposes of Part IX of the Excise Tax Act, may elect that paragraph a of subsection 4 of section 225.4 of that Act not be taken into account for the purpose of determining the financial institution’s percentage as regards Québec that is used in determining the value of C in the formula in the first paragraph of section 433.16 or the value of A in the formula in the first paragraph of section 433.16.2, as the case may be, for a reporting period in a fiscal year in which the election is in effect.
A selected listed financial institution that is a pension entity of a pension plan or a private investment plan, but is not a selected listed financial institution for the purposes of Part IX of the Excise Tax Act, may elect that paragraph a of subsection 5 of section 225.4 of that Act not be taken into account for the purpose of determining the financial institution’s percentage as regards Québec that is used in determining the value of C in the formula in the first paragraph of section 433.16 for a reporting period in a fiscal year in which the election is in effect.
