Form RC4604-2 Election for a Selected Listed Financial Institution to Withdraw From a Gst / Hst Consolidated Filing Election - Canada

Form RC4604-2, "Election for a Selected Listed Financial Institution to Withdraw From a GST/HST Consolidated Filing Election," is a form used in Canada by selected listed financial institutions to withdraw from a previously made election to file their GST/HST (Goods and Services Tax/Harmonized Sales Tax) returns on a consolidated basis. By completing this form and applying for withdrawal, the financial institution can revert to filing separate returns instead.

The Form RC4604-2 "Election for a Selected Listed Financial Institution to Withdraw from a GST/HST Consolidated Filing Election" is filed by the selected listed financial institution in Canada.

Form RC4604-2 Election for a Selected Listed Financial Institution to Withdraw From a Gst/Hst Consolidated Filing Election - Canada - Frequently Asked Questions (FAQ)

Q: What is Form RC4604-2? A: Form RC4604-2 is a form used to withdraw from a GST/HST consolidated filing election in Canada.

Q: What is a GST/HST consolidated filing election? A: A GST/HST consolidated filing election allows a selected listed financial institution in Canada to file a single GST/HST return for multiple locations.

Q: Who can use Form RC4604-2? A: Form RC4604-2 is specifically for selected listed financial institutions that want to withdraw from a GST/HST consolidated filing election.

Q: Why would a financial institution want to withdraw from a GST/HST consolidated filing election? A: Financial institutions may choose to withdraw if they no longer want to file a single GST/HST return for all their locations.

Q: Is there any fee associated with submitting Form RC4604-2? A: There is no fee associated with submitting Form RC4604-2.

Q: What should I do after submitting Form RC4604-2? A: After submitting Form RC4604-2, you should receive confirmation from the Canada Revenue Agency regarding your withdrawal from the GST/HST consolidated filing election.

Q: Can I reapply for a GST/HST consolidated filing election after withdrawing? A: Yes, selected listed financial institutions can reapply for a GST/HST consolidated filing election after withdrawing.