T-0.1 - Act respecting the Québec sales tax

Section 407.6 Disposition versions

2015-10-21

407.6. Despite section 407, a selected listed financial institution is required to be registered if

(1)  the financial institution is a registrant under Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15);

(2)  the financial institution has made an election under the first paragraph of section 433.22 or 470.2 that comes into effect on a particular day and no election under the first paragraph of section 470.5 is in effect on the particular day; or

(3)  the financial institution revokes an election made under the first paragraph of section 470.5, or withdraws from such an election, as of a particular day, in accordance with section 470.6 or 470.7 and an election under the first paragraph of section 433.22 or 470.2 is in effect on the particular day.

2012, c. 28, s. 151; 2013, c. 10, s. 226; 2015, c. 21, s. 731.

2013-06-05

407.6. Despite section 407, a financial institution that is a selected listed financial institution throughout a reporting period included in a fiscal year ending in a particular taxation year and that is a registrant under Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15) is required to be a registrant.

2012, c. 28, s. 151; 2013, c. 10, s. 226.

2013-01-01

407.6. Despite section 407, a financial institution that is a selected listed financial institution throughout a reporting period included in a fiscal year ending in a particular taxation year and that is a registrant under Part IX of the Excise Tax Act (R.S.C. 1985, c. E-15) is required to be a registrant where the percentage corresponding to C in the formula in the first paragraph of section 433.16 that is determined for the particular taxation year in respect of the financial institution is greater than zero.

2012, c. 28, s. 151.