Form RC4601 Gst / Hst Reporting Entity Election for a Selected Listed Financial Institution and Notice of Revocation - Canada

Form RC4601 GST/HST Reporting Entity Election for a Selected Listed Financial Institution and Notice of Revocation is a form used in Canada by financial institutions to elect or revoke their reporting entity status for Goods and Services Tax (GST) and Harmonized Sales Tax (HST) purposes. This form allows financial institutions to report and remit the applicable taxes on certain supplies and services.

The form RC4601 GST/HST Reporting Entity Election for a Selected Listed Financial Institution and Notice of Revocation in Canada is filed by the selected listed financial institution itself.

FAQ

Q: What is Form RC4601?
A: Form RC4601 is used for the GST/HST Reporting Entity Election for a Selected Listed Financial Institution in Canada.

Q: When should Form RC4601 be filed?
A: Form RC4601 should be filed when a selected listed financial institution wants to elect to have a reporting period that is different from its fiscal year.

Q: What is a Selected Listed Financial Institution?
A: A Selected Listed Financial Institution is a financial institution that provides an election to have a reporting period that is different from its fiscal year.

Q: What is the purpose of filing Form RC4601?
A: The purpose of filing Form RC4601 is to notify the Canada Revenue Agency of the election to have a reporting period that is different from the fiscal year for a selected listed financial institution.

Q: Is there a fee to file Form RC4601?
A: No, there is no fee to file Form RC4601.

Q: Can the election be revoked?
A: Yes, the election can be revoked by filing Form GST25, Notice of Revocation of an Election to Have a Reporting Period that Is Different From the Fiscal Year.