Excise Act, 2001

Marginal note:Definitions

• 159.2 (1) The following definitions apply in this section.

  calendar quarter

  calendar quarter means a period of three months beginning on the first day of January, April, July or October. (trimestre civil)

  threshold amount

  threshold amount of a cannabis licensee for a calendar quarter means the amount that is the total of all duties payable under Part 4.1 by the cannabis licensee, and any person associated with the cannabis licensee, in the immediately preceding four calendar quarters. (montant déterminant)

• Marginal note:Reporting period — calendar quarters

  (2) On application by a cannabis licensee, the Minister may, in writing, authorize the reporting periods of the cannabis licensee to be calendar quarters, beginning on the first day of a particular calendar quarter, if the threshold amount of the cannabis licensee for the particular calendar quarter does not exceed $1,000,000.

• Marginal note:Application — form and filing

  (3) An application made by a cannabis licensee under subsection (2) is to be

  • (a) made in prescribed form containing prescribed information; and

  • (b) filed with the Minister in prescribed manner on or before the last day of the first month of the calendar quarter for which the authorization is to take effect or any later day that the Minister may allow.

• Marginal note:Deemed revocation

  (4) An authorization under subsection (2) in respect of a cannabis licensee is deemed to be revoked at the beginning of a calendar quarter if the threshold amount of the cannabis licensee for the calendar quarter exceeds $1,000,000.

• Marginal note:Revocation by Minister

  (5) The Minister may revoke an authorization under subsection (2) in respect of a cannabis licensee if

  • (a) the cannabis licensee requests in writing that the Minister do so;

  • (b) the cannabis licensee fails to comply with the Act; or

  • (c) the Minister considers that the authorization is no longer required.

• Marginal note:Notice of revocation

  (6) If the Minister revokes an authorization in respect of a cannabis licensee, the Minister shall send a notice in writing of the revocation to the cannabis licensee and shall specify in the notice the fiscal month of the cannabis licensee for which the revocation becomes effective.

• Marginal note:Deemed reporting period on revocation

  (7) If a revocation under subsection (4) or (5) of an authorization under subsection (2) in respect of a cannabis licensee becomes effective before the last day of a calendar quarter, the period beginning on the first day of the calendar quarter and ending immediately before the first day of the fiscal month of the cannabis licensee for which the revocation becomes effective is deemed to be a reporting period of the cannabis licensee.