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T-0.1 - Act respecting the Québec sales tax

Section 459.5
Disposition versions

Full text
459.5. An election made under section 459.4 by a person shall remain in effect until the earliest of
(1)  the beginning of the day an election by the person under section 459.2 or 460 takes effect;
(2)  where the person is not a charity, the beginning of the first fiscal quarter of the person for which the threshold amount of the person exceeds $6,000,000;
(3)  where the person is not a charity, the beginning of the first fiscal year of the person for which the threshold amount of the person exceeds $6,000,000; and
(4)  the day on which a revocation of the election made in accordance with the second paragraph becomes effective.
A listed financial institution that has made an election referred to in the first paragraph may revoke the election and the revocation becomes effective on the first day of a particular fiscal year of the financial institution.
A listed financial institution 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 first day of the particular fiscal year or any later day determined by the Minister.
1994, c. 22, s. 620; 1995, c. 1, s. 333; 1995, c. 63, s. 478; 1997, c. 85, s. 706; 2015, c. 21, s. 778.
459.5. An election made under section 459.4 by a person shall remain in effect until the earliest of
(1)  the beginning of the day an election by the person under section 459.2 or 460 takes effect;
(2)  where the person is not a charity, the beginning of the first fiscal quarter of the person for which the threshold amount of the person exceeds $6,000,000; and
(3)  where the person is not a charity, the beginning of the first fiscal year of the person for which the threshold amount of the person exceeds $6,000,000.
1994, c. 22, s. 620; 1995, c. 1, s. 333; 1995, c. 63, s. 478; 1997, c. 85, s. 706.
459.5. An election made under section 459.4 by a person shall remain in effect until the earliest of
(1)  the beginning of the day an election by the person under section 459.2 or 460 takes effect;
(2)  the beginning of the first fiscal quarter of the person for which the threshold amount of the person exceeds $6,000,000; and
(3)  the beginning of the first fiscal year of the person for which the threshold amount of the person exceeds $6,000,000.
1994, c. 22, s. 620; 1995, c. 1, s. 333; 1995, c. 63, s. 478.
459.5. An election made under section 459.4 shall remain in effect until the earliest of
(1)  where the person makes an election under section 459.2 or 460, the day the election takes effect;
(2)  where the reporting period of the person is a fiscal month of the person for the purposes of Part IX of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15), the first day of the fiscal month in which the reporting period of the person is a fiscal month of the person for the purposes of that Act;
(3)  where the threshold amount of the person for a particular fiscal quarter exceeds $20,000, the first day of that fiscal quarter; and
(4)  where the threshold amount of the person for a particular fiscal year exceeds $20,000, the first day of that fiscal year.
1994, c. 22, s. 620; 1995, c. 1, s. 333.
459.5. An election made under section 459.4 shall remain in effect until the earliest of
(1)  where the person makes an election under section 459.2 or 460, the day the election takes effect;
(2)  where the reporting period of the person is a fiscal month of the person for the purposes of Part IX of the Excise Tax Act (Revised Statutes of Canada, 1985, chapter E-15), the first day of the fiscal month in which the reporting period of the person is a fiscal month of the person for the purposes of that Act;
(3)  where the threshold amount of the person for a particular fiscal quarter exceeds $12 000, the first day of that fiscal quarter; and
(4)  where the threshold amount of the person for a particular fiscal year exceeds $12 000, the first day of that fiscal year.
1994, c. 22, s. 620.
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