T-0.1 - Act respecting the Québec sales tax

Section 433.16.3 Disposition versions

2015-10-21

433.16.3. A selected listed financial institution that is a stratified investment plan throughout a particular reporting period in a particular fiscal year may elect, in respect of a series of the stratified investment plan (other than an exchange-traded series), in the prescribed form containing prescribed information that the value of A in the formula in the first paragraph of section 433.16.2 be determined as if an election under paragraph b of section 63.1 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations made under the Excise Tax Act (R.S.C. 1985, c. E-15) had been made, in respect of the series, if

(1)  the investment plan is not a selected listed financial institution for the purposes of Part IX of the Excise Tax Act throughout the particular reporting period;

(2)  units of the series are issued, distributed or offered for sale in the particular fiscal year and immediately before the issuance, distribution or offering for sale no units of the series are issued and outstanding;

(3)  no election under section 433.19.1 or 433.19.11 is in effect in respect of the series and the particular fiscal year; and

(4)  paragraph d of section 62 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations would not be applicable to the series if Québec were a participating province within the meaning of subsection 1 of section 123 of the Excise Tax Act.

2015, c. 21, s. 751.