• FP-671 - Notification of fiscal quarters and fiscal months and application for approval to extend or shorten fiscal months

Notification

If the registrant is registered only for the QST, please ignore the information concerning the GST/HST.

If fiscal periods other than calendar months or quarters are chosen, the registrant must, on or before the first day of each fiscal year, notify Revenu Québec of the start and end dates of the periods. New registrants must so notify Revenu Québec on the later of the following dates: the date the person's registration application was filed (or should have been filed) or the effective date of registration. If the aforementioned information is not provided, or if it does not meet the prescribed requirements, Revenu Québec will assign fiscal periods that correspond to calendar months or quarters.

To notify us of fiscal quarters and fiscal months, complete parts 1, 2, 3 and 5 of this form. Be sure to enter the first and last day of each period entered in Part 3. If the fiscal year is longer than 14 months, attach an extra sheet.

Instructions

There cannot be more than four fiscal quarters in a fiscal year. The first fiscal quarter in a fiscal year begins on the first day of the fiscal year; the last fiscal quarter ends on the last day of the fiscal year. A fiscal quarter cannot be longer than 119 days and, except for the first and last quarters of the fiscal year, cannot be shorter than 84 days.

The first fiscal month in a fiscal quarter begins on the first day of the fiscal quarter; the last fiscal month ends on the last day of the last fiscal quarter. Fiscal months can be between 28 and 35 days long. Only the first and last fiscal months can be shorter than 28 days.

To use fiscal months or fiscal quarters that are longer or shorter than what is prescribed by law, you must apply for Revenu Québec's approval by completing Part 4 of this form. If you do apply for approval before using fiscal periods that are longer or shorter than those entered on the form, your notification will be rejected and you will have to file another within the prescribed deadline. If you do not, Revenu Québec will assign calendar months or quarters.

Revenu Québec will notify you if your request to modify the length of fiscal months is approved or denied. If it is denied, you will have to file another form, on which you must enter fiscal months and fiscal quarters that meet the guidelines set out in Part 3. If you do not file the new notification, you will have to file your returns and make instalment payments according to the calendar year.

Conditions for using fiscal quarters or fiscal months

Any registrant can use fiscal quarters or fiscal months other than calendar quarters or months. Annual filers can also use fiscal quarters that do not correspond to calendar quarters. In the latter case, an instalment payment is due one month after the end of each fiscal quarter.

Branches filing separate returns

Branches or divisions that file separate returns must use the same fiscal year, fiscal quarters and fiscal months as the parent corporation.

Filing form FP-671-V

The form and attached documents must be sent no later than the first day of the new fiscal year.

Send the form and any supporting documents, as applicable, to Revenu Québec at one of the following addresses:

For more information, go to www.revenuquebec.ca.