T-0.1 - Act respecting the Québec sales tax

Section 433.15.5 Disposition versions

2015-10-21

433.15.5. If an investment plan is, or reasonably expects to be, a qualifying small investment plan for a fiscal year that ends in the taxation year of the investment plan, if the conditions of subparagraph 5 of the first paragraph of section 433.15.2 are not met in respect of a reporting period in the fiscal year, if no application filed by the investment plan under section 433.15.8 in respect of the fiscal year has been approved by the Minister and if the investment plan does not, in the taxation year, meet the condition of paragraph a of section 9 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations made under the Excise Tax Act (R.S.C. 1985, c. E-15), the investment plan may make an election to be a selected listed financial institution.

An election under the first paragraph is to

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

(2)  set out the first fiscal year of the investment plan during which the election is to be in effect; and

(3)  be filed with the Minister, in the manner determined by the Minister, on or before the first day of the fiscal year referred to in subparagraph 2 or any later day determined by the Minister.

2015, c. 21, s. 748.