Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 28
Investor percentage 28 For the purposes of determining an investment plan’s percentage for a particular series and for a participating province under section 29 or 30 or determining a particular investment plan’s percentage for a participating province under section 31 or 32 (in this section, the particular series or particular investment plan, as the case may be, is referred to as the “investee”), the investor percentage for a participating province of a particular person that holds units of the investee is, as of a particular day, (a) if the particular person is a selected listed financial institution and a non-stratified investment plan, the percentage that would be the particular person’s percentage for the participating province as of the particular day if an election under section 49 in respect of the particular person were in effect throughout the fiscal year of the particular person that includes the particular day; (b) if the particular person is a selected listed financial institution and a stratified investment plan, the percentage that is the total of all amounts, each of which is determined for a particular series of the particular person by the formula A × (B/C) where A is the percentage that would be the particular person’s percentage for the particular series and the participating province as of the particular day if an election under section 49 in respect of the particular series were in effect throughout the fiscal year of the particular person that includes the particular day, B is the total value on the particular day of the units of the investee held by the particular person that are reasonably attributable to the particular series of the particular person, and C is the total value on the particular day of all of the units of the investee held by the particular person; (c) if the particular person is a selected listed financial institution not described in paragraph (a) or (b), the particular person’s percentage for the participating province and for the taxation year of the particular person in which the fiscal year that includes the following reporting period of the particular person ends: (i) if the person was previously required to file a return under Division V of Part IX of the Act, the reporting period for which the last such return was required to be filed by the particular person on or before the particular day, and (ii) in any other case, the reporting period for which a return would have been required to be filed under Division V of Part IX of the Act by the particular person, that would be the last such return that was required to be so filed by the particular person on or before the particular day, if the particular person were a registrant at all times; (d) if the particular person is a qualifying small investment plan for the purposes of Part 1 and is not a selected listed financial institution, the amount that would, if the particular person were a selected listed financial institution, be the particular person’s percentage for the participating province and for the taxation year of the particular person in which the fiscal year that includes the following reporting period of the particular person ends: (i) if the person was previously required to file a return under Division V of Part IX of the Act, the reporting period for which the last such return was required to be filed by the particular person on or before the particular day, and (ii) in any other case, the reporting period for which a return would have been required to be filed under Division V of Part IX of the Act by the particular person, that would be the last such return that was required to be so filed by the particular person on or before the particular day, if the particular person were a registrant at all times; and (e) in any other case, the percentage determined by the formula A/B where A is the amount that would be the particular person’s taxable income earned in the participating province, as determined for the purposes