T-0.1 - Act respecting the Québec sales tax

Section 527.1 Disposition versions

2005-03-17

527.1. The holder of a registration certificate may elect to render an account to the Minister, on or before the last day of each month that follows the end of a period of three calendar months, of the tax provided for in this Title, in accordance with section 527, in respect of the preceding period of three calendar months, even if no payment of any insurance premium subject to the tax has been received during the period if

(1)  during the 12 calendar months preceding the month in which the election took effect, the tax the holder has collected or should have collected is less than $12,000; and

(2)  the holder informs the Minister of the election.

The election provided for in the first paragraph takes effect on the day selected by the holder of the registration certificate, which day must correspond to the first day of a calendar month.

The election provided for in the first paragraph ceases to be in effect on the earlier of

(1)  the first day of the calendar month following that on which the holder of the registration certificate revokes the election; and

(2)  the day of the anniversary of the day on which the election took effect if, during the 12 calendar months that precede that anniversary day, the tax the holder has collected or should have collected is equal to or greater than $12,000.

2005, c. 1, s. 376.