T-0.1 - Act respecting the Québec sales tax

Section 417.0.1 Disposition versions

2015-10-21

417.0.1. Every person who, on 1 January 2013, is a supplier of financial services and a registrant shall file a request for cancellation of registration with the Minister if, on that date, the person is not registered under subdivision d of Division V of Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15).

Subject to sections 407.2 to 407.5, the Minister shall cancel the registration of any person who files a request in accordance with the first paragraph and the cancellation becomes effective on 1 January 2013.

Section 209 does not apply in respect of the cancellation of registration provided for in the second paragraph.

Despite sections 294 and 295, the person to whom the first paragraph applies who makes a taxable supply described in subparagraph c of paragraph 1 of section 294 or 295 is deemed to be a small supplier at either of the following times if, at that time, the person is not a registrant for the purposes of Part IX of the Excise Tax Act:

(1)  the time the person makes the taxable supply; or

(2)  the time all or part of the consideration for the taxable supply becomes due or is paid without having become due.

2012, c. 28, s. 154; 2015, c. 21, s. 738.

2013-01-01

417.0.1. Every person who, on 1 January 2013, is a supplier of financial services and a registrant shall file a request for cancellation of registration with the Minister if, on that date, the person is not registered under subdivision d of Division V of Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15).

Subject to sections 407.2 to 407.5, the Minister shall cancel the registration of any person who files a request in accordance with the first paragraph and the cancellation becomes effective on 1 January 2013.

Section 209 does not apply in respect of the cancellation of registration provided for in the second paragraph.

2012, c. 28, s. 154.