T-0.1 - Act respecting the Québec sales tax

Section 433.23 Disposition versions

2015-10-21

433.23. An election made under the first paragraph of section 433.22 by a particular person that is a manager and another person that is an investment plan ceases to have effect on the earliest of

(1)  the day on which the particular person ceases to be the manager of the other person;

(2)  the day on which the other person ceases to be an investment plan or a selected listed financial institution;

(3)  the day on which the other person becomes a selected listed financial institution for the purposes of Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15); and

(4)  the day on which a revocation of the election becomes effective.

A manager or an investment plan that made an election under the first paragraph of section 433.22 may revoke the election and the revocation becomes effective on the day it specifies.

A person that intends to revoke an election under the second paragraph shall file with the Minister, in the manner determined by the Minister, a notice of revocation in the prescribed form containing prescribed information on or before the day specified under that paragraph or any later day determined by the Minister.

A revocation by a person of an election under the second paragraph becomes effective only if the person notifies, before the day specified under that paragraph, the other person with whom the person made the election.

2015, c. 21, s. 756.