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Excise Tax Act

Version of section 246 from 2003-01-01 to 2012-12-13:

Marginal note:Election for fiscal months

  •  (1) Any person may make an election to have reporting periods that are fiscal months of the person, to take effect

    • (a) where the person is a registrant, on the first day of a fiscal year of the person; or

    • (b) on the day the person becomes a registrant.

  • Marginal note:Idem

    (2) Where a person has made an election under section 248 and the election ceases to have effect on the beginning of a fiscal quarter of the person specified in paragraph 248(2)(b), the person may make an election, to take effect on the first day of that fiscal quarter, to have reporting periods that are fiscal months of the person.

  • Marginal note:Duration of election

    (3) An election made under this section by a person shall remain in effect until the beginning of the day an election by that person under section 247 or 248 takes effect.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • 1990, c. 45, s. 12
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