Section 261.4 — Excise Tax Act: Restriction

A rebate shall not be paid under any of sections 261.1 to 261.31 unless the person files an application for the rebate within one year after 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 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; 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; 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 prescribed circumstances, if any, exist. [Repealed, 2009, c. 32, s. 35] A rebate under any of sections 261.1 to 261.3 in respect of tax paid or payable by a listed financial institution described in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.