Section 250 — Excise Tax Act: Form and filing of election

An election made under section 246, 247 or 248 by a person shall be made in prescribed form containing prescribed information; be filed with the Minister in prescribed manner; specify the first fiscal year in respect of which it applies;

and be filed where the election is to take effect on the day the person becomes a registrant, at the time the person applies to be registered under this Part or, where the effective date of the person’s registration is after that time, at any time between that time and that effective date, where the election is made under section 248 and the reporting period of the person ending immediately before the day the election is to take effect is a fiscal quarter of the person, within three months after that day, and in all other cases, within two months after the day the election is to take effect.