Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 46
he financial institution were a selected listed financial institution on the first day on which an amount of tax is deemed for the purposes of section 232.02 of the Act to have been paid in respect of the particular supplies, G 4 is the specified percentage of the financial institution for the participating province and for the particular reporting period, G 5 is the tax rate for the participating province, and G 6 is the rate set out in subsection 165(1) of the Act; (b) the positive or negative amount determined by the formula [(G 7 – G 8 ) × G 9 × (G 10 /G 11 )] – G 12 where G 7 is the total of (i) all amounts each of which is an amount of tax deemed to have been collected during the particular reporting period by the financial institution under paragraph 129(6)(b) or subsection 129.1(4) of the Act, (ii) all amounts each of which is an amount of tax deemed to have been paid by the financial institution under paragraph 180(d) of the Act during the particular reporting period to the extent that the amount is in respect of tax paid by another person under subsection 165(1) or section 212 of the Act and has not been included in the total A amounts for any reporting period, including the particular reporting period, of the financial institution, (iii) all amounts each of which is an amount that is required to be added under subsection 235(1) or 236(1) of the Act in determining the net tax of the financial institution for the particular reporting period, and (iv) all amounts each of which is an amount of tax that the financial institution was deemed to have paid during the particular reporting period under any of subsections 172.1(5) to (7.1) of the Act, G 8 is the total of (i) all input tax credits of the financial institution that the financial institution is entitled to claim in the return under Division V of Part IX of the Act filed by the financial institution for the particular reporting period in respect of an amount included under subparagraph (ii) of the description of G 7 for the particular reporting period, to the extent that the amount has not been included in the total B amounts for any reporting period, including the particular reporting period, of the financial institution, and (ii) all amounts each of which would be, in the absence of an election made under section 150 of the Act by the financial institution and another person, an input tax credit of the financial institution for the particular reporting period in respect of a supply made at any time by the financial institution to the other person if the other person is a selected listed financial institution at that time, if tax under subsection 165(1) of the Act would have been payable in respect of the supply in the absence of that election and if the other person has not made an election under subsection 225.2(4) of the Act that applies to the supply, G 9 is the specified percentage of the financial institution for the participating province and for the particular reporting period, G 10 is the tax rate for the participating province, G 11 is the rate set out in subsection 165(1) of the Act, and G 12 is the total of (i) all amounts, each of which is an amount of tax deemed to have been paid by the financial institution under paragraph 180(d) of the Act during the particular reporting period to the extent that the amount is in respect of tax paid by another person under subsection 165(2) or section 212.1 of the Act and has not been included in the total F amounts for any reporting period, including the particular reporting period, of the financial institution, (ii) all amounts, each of which is an amount determined for B in the formula in paragraph 172.1(5)(c) of the Act in respect of a supply that the financial institution was deemed to have received during the particular reporting period under paragraph 172.1(5)(d) of the Act, (iii) all amounts, each of which is an amount determined for B in the formula in paragraph 172.1(5.1)(c) of the Act in respect of a sup