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This version of the form is not currently in use and is provided for reference only. Download this version of
Form RC7220-1
for the current year.
Form RC7220-1 Notice of Revocation of an Election for Gst / Hst and Qst Reporting Period by a Selected Listed Financial Institution - Canada
Form RC7220-1, Notice of Revocation of an Election for GST/HST and QST Reporting Period by a Selected Listed Financial Institution, is used in Canada when a selected listed financial institution wants to cancel their election to use a different reporting period for GST/HST and QST.
The selected listed financial institution in Canada files the Form RC7220-1 for the revocation of an election for GST/HST and QST reporting period.
FAQ
Q: What is Form RC7220-1?A: Form RC7220-1 is a Notice of Revocation of an Election for GST/HST and QST Reporting Period by a Selected Listed Financial Institution in Canada.
Q: What is the purpose of Form RC7220-1?A: The purpose of Form RC7220-1 is to notify the Canada Revenue Agency (CRA) about the revocation of an election for GST/HST and QST reporting period by a Selected Listed Financial Institution.
Q: Who needs to fill out Form RC7220-1?A: Selected Listed Financial Institutions in Canada need to fill out Form RC7220-1 if they want to revoke an election for GST/HST and QST reporting period.
Q: What is GST/HST?A: GST (Goods and Services Tax) and HST (Harmonized Sales Tax) are consumption taxes in Canada.
Q: What is QST?A: QST (Quebec Sales Tax) is a provincial sales tax in the province of Quebec, Canada.
Download Form RC7220-1 Notice of Revocation of an Election for Gst / Hst and Qst Reporting Period by a Selected Listed Financial Institution - Canada
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