T-0.1 - Act respecting the Québec sales tax

Section 433.19.13 Disposition versions

2015-10-21

433.19.13. An application under section 433.19.12 is to

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

(2)  include, if the financial institution is a stratified investment plan, the particular methods to be used for each exchange-traded series of the financial institution or, if the financial institution is a non-stratified investment plan, the particular methods to be used by the financial institution; and

(3)  be filed with the Minister, in the manner determined by the Minister, on or before the day that is 180 days before the first day of the fiscal year for which the application is made or any later day determined by the Minister.

The Minister shall consider an application made under the first paragraph and notify the financial institution in writing of the Minister’s decision to authorize or deny the use of the particular methods described in the application, on or before the latest of

(1)  the day that is 180 days after the receipt of the application;

(2)  the day that is 180 days before the first day of the fiscal year for which the application is made; and

(3)  the day that the Minister may specify, if the day is set out in a written application filed by the financial institution with the Minister.

An authorization granted under the second paragraph in respect of a fiscal year of a financial institution ceases to have effect on the first day of the fiscal year and, for the purposes of this Title, is deemed never to have been granted, if

(1)  the Minister revokes the authorization and sends a notice of revocation to the financial institution at least 60 days before the first day of the fiscal year; or

(2)  the financial institution files 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 fiscal year.

2015, c. 21, s. 753.