Excise Tax Act

Marginal note:Restriction

• 261.4 (1) A rebate shall not be paid under any of sections 261.1 to 261.31 unless

  • (a) the person files an application for the rebate within one year after

    • (i) in the case of a rebate under section 261.1 in respect of property supplied in a participating province, the day the person removes the property from the participating province, and

    • (ii) in the case of a rebate under any of sections 261.2 to 261.31 in respect of tax payable by the person, the day that tax became payable;

  • (b) except where the application is a prescribed application, where the person is an individual, the individual has not made another application under this section in the calendar quarter in which the application is made;

  • (c) where the person is not an individual, the person has not made another application under this section in the calendar month in which the application is made; and

  • (d) prescribed circumstances, if any, exist.

  • (e) [Repealed, 2009, c. 32, s. 35]

• Marginal note:Exception for investment plans, etc.

  (2) A rebate under any of sections 261.1 to 261.3 in respect of tax paid or payable by a listed financial institution described in subparagraph 149(1)(a)(vi) or (ix) must not be paid.