T-0.1 - Act respecting the Québec sales tax

Section 433.15.6 Disposition versions

2015-10-21

433.15.6. An election made under section 433.15.5 by a person becomes effective on the first day of the fiscal year for which it is made and ceases to have effect on the earliest of

(1)  the first day of a fiscal year that ends in the first taxation year of the person for which the person does not meet the condition of paragraph 1 of the definition of “selected listed financial institution” in the first paragraph of section 433.15.1;

(2)  the first day of the fiscal year of the person in which the person ceases to be an investment plan;

(3)  the first day of a fiscal year that ends in the taxation year of the person for which the person meets 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); and

(4)  the day on which a revocation of the election, in accordance with section 433.15.7, becomes effective.

2015, c. 21, s. 748.