T-0.1 - Act respecting the Québec sales tax

Section 297.0.2.3 Disposition versions

2022-06-08

297.0.2.3. The election required under section 297.0.2.1 is valid for the period that begins on 1 January 2013 or, if made later, the day on which the election made under subsection 1 of section 150 of the Excise Tax Act (R.S.C. 1985, c. E-15) becomes effective, and that ends on the earliest of

(1)  the day either corporation that made the election ceases to be a member of one and the same closely related group;

(2)  the first day the closely related group of which the corporations that made the election are members does not include a listed financial institution (other than a corporation that is a financial institution only by reason of the presumption provided for in section 297.0.2.6); and

(3)  the day specified in a notice of revocation filed jointly by the corporations that made the election with the Minister in the prescribed form containing prescribed information.

For the purposes of subparagraph 3 of the first paragraph, the following rules apply:

(1)  where a notice of revocation in relation to the election made under subsection 1 of section 150 of the Excise Tax Act is filed by the corporations that made the election required under section 297.0.2.1, in accordance with paragraph c of subsection 4 of section 150 of that Act, a notice of revocation stating the date specified in the notice of revocation filed in accordance with that paragraph c must also be filed by the corporations with the Minister; and

(2)  a notice of revocation may be filed with the Minister only if the corporations that made the joint election required under section 297.0.2.1 have filed a notice of revocation in accordance with paragraph c of subsection 4 of section 150 of the Excise Tax Act.

2012, c. 28, s. 93; 2022, c. 23, s. 188.

2013-01-01

297.0.2.3. The election required under section 297.0.2.1 is valid for the period that begins on 1 January 2013 or, if made later, the day on which the election made under subsection 1 of section 150 of the Excise Tax Act (R.S.C. 1985, c. E-15) becomes effective, and that ends on the earliest of

(1)  the day either corporation that made the election ceases to be a member of one and the same closely related group;

(2)  the first day the closely related group of which the corporations that made the election are members does not include a listed financial institution (other than a corporation that is a financial institution only by reason of the presumption provided for in section 297.0.2.6); and

(3)  the day specified in a notice of revocation filed jointly by the corporations that made the election with the Minister in prescribed manner and containing prescribed information.

For the purposes of subparagraph 3 of the first paragraph, the following rules apply:

(1)  where a notice of revocation in relation to the election made under subsection 1 of section 150 of the Excise Tax Act is filed by the corporations that made the election required under section 297.0.2.1, in accordance with paragraph c of subsection 4 of section 150 of that Act, a notice of revocation stating the date specified in the notice of revocation filed in accordance with that paragraph c must also be filed by the corporations with the Minister; and

(2)  a notice of revocation may be filed with the Minister only if the corporations that made the joint election required under section 297.0.2.1 have filed a notice of revocation in accordance with paragraph c of subsection 4 of section 150 of the Excise Tax Act.

2012, c. 28, s. 93.