C-8.3 - Act respecting international financial centres

Full text
26. (Repealed).
1999, c. 86, s. 26; 2005, c. 38, s. 7; 2012, c. 1, s. 47.
26. The Minister shall, upon revoking a qualification certificate in accordance with section 25, send to the corporation or partnership concerned, a notice of revocation indicating the date on which the revocation becomes effective. The effective date may precede the date of the notice but may not precede that date by more than four years. Subject to the second paragraph, the qualification certificate is then deemed to cease to be valid from that date.
For the purposes of Division III of Chapter V, the following rules apply:
(1)  the revoked qualification certificate referred to in the first paragraph is deemed to cease to be valid from the date on which the qualification certificate is revoked by the Minister or, if it is later, from the date on which the revocation becomes effective; and
(2)  the corporation or partnership is then deemed to hold, in respect of the business to which the qualification certificate relates, for the taxation year or fiscal period in which the qualification certificate was revoked, a valid certificate, issued in accordance with section 12, that covers the period corresponding to the part of that year or fiscal period that ends on that date.
1999, c. 86, s. 26; 2005, c. 38, s. 7.
26. The Minister shall, upon revoking a qualification certificate pursuant to section 25, send to the corporation or partnership concerned, a notice of revocation indicating the date on which the revocation becomes effective. The effective date may precede the date of the notice but may not precede that date by more than four years. The qualification certificate is then deemed to cease to be valid from that date.
1999, c. 86, s. 26.