Excise Act, 2001

Marginal note:Definition of calendar quarter

• 159.2 (1) In this section, calendar quarter means a period of three months beginning on the first day of January, April, July or October.

• Marginal note:Reporting period — calendar quarters

  (2) On application by a cannabis licensee, the Minister may, in writing, authorize the reporting periods of the cannabis licensee to be calendar quarters, beginning on the first day of a calendar quarter.

• Marginal note:Application — form and filing

  (3) An application made by a cannabis licensee under subsection (2) is to be

  • (a) made in prescribed form containing prescribed information; and

  • (b) filed with the Minister in prescribed manner on or before the last day of the first month of the calendar quarter for which the authorization is to take effect or any later day that the Minister may allow.

• (4) [Repealed, 2024, c. 15, s. 155]

• Marginal note:Revocation by Minister

  (5) The Minister may revoke an authorization under subsection (2) in respect of a cannabis licensee if

  • (a) the cannabis licensee requests in writing that the Minister do so;

  • (b) the cannabis licensee fails to comply with the Act; or

  • (c) the Minister considers that the authorization is no longer required.

• Marginal note:Notice of revocation

  (6) If the Minister revokes an authorization in respect of a cannabis licensee, the following rules apply:

  • (a) the Minister shall send a notice in writing of the revocation to the cannabis licensee and shall specify in the notice the fiscal month of the cannabis licensee for which the revocation becomes effective; and

  • (b) if the revocation becomes effective before the last day of a calendar quarter, the period beginning on the first day of the calendar quarter and ending immediately before the first day of that fiscal month is deemed to be a reporting period of the cannabis licensee.

• (7) [Repealed, 2024, c. 15, s. 155]