T-0.1 - Act respecting the Québec sales tax

Section 289.10 Disposition versions

2020-09-24

289.10. An election under the first paragraph of section 289.9 or 289.9.1 made by a person that is a participating employer of a pension plan and by another person that is a pension entity of the pension plan or a master pension entity of the pension plan ceases to have effect on the earliest of

(1)  the day on which the person ceases to be a participating employer of the pension plan;

(2)  the day on which the other person ceases to be a pension entity of the pension plan or a master pension entity of the pension plan, as the case may be;

(3)  the day on which a revocation of the election becomes effective in accordance with the second paragraph;

(4)  the day specified in a notice of revocation of the election sent to the person in accordance with section 289.12; and

(5)  in the case of an election made under section 289.9.1, the first day of a fiscal year of the other person for which the total of all percentages, each of which is a master pension factor in respect of a pension plan of which the person is a participating employer for the fiscal year, is less than 90%.

The persons that made an election under the first paragraph of section 289.9 or 289.9.1 may jointly revoke the election.

The revocation of the election made under the second paragraph must

(1)  be made in the prescribed form containing prescribed information;

(2)  specify the day on which the revocation is to become effective, which must be the first day of a fiscal year of the person that is the participating employer; and

(3)  be filed by that person with the Minister in prescribed manner on or before the day on which the revocation is to become effective or any later day that the Minister may determine.

2015, c. 21, s. 684; 2020, c. 16, s. 217.

2015-10-21

289.10. An election under the first paragraph of section 289.9 made by a participating employer of a pension plan and a pension entity of the pension plan ceases to have effect on the earliest of

(1)  the day on which the participating employer ceases to be a participating employer of the pension plan;

(2)  the day on which the pension entity ceases to be a pension entity of the pension plan;

(3)  the day on which a revocation of the election becomes effective in accordance with the second paragraph; and

(4)  the day specified in a notice of revocation of the election sent to the participating employer in accordance with section 289.12.

A participating employer of a pension plan and a pension entity of the pension plan that made an election under the first paragraph of section 289.9 may jointly revoke the election.

The revocation of the election made under the second paragraph by a participating employer of a pension plan and a pension entity of the pension plan must

(1)  be made in the prescribed form containing prescribed information;

(2)  specify the day on which the revocation is to become effective, which must be the first day of a fiscal year of the participating employer; and

(3)  be filed by the participating employer with the Minister in prescribed manner on or before the day that is the day on which the revocation is to become effective or any later day that the Minister may determine.

2015, c. 21, s. 684.