Streamlined Accounting (GST/HST) Regulations — 15
15 (1) In this Part, basic groceries of a registrant means property acquired or imported by the registrant for the purpose of making a supply of the property that is included in Part III of Schedule VI to the Act; ( produit alimentaire de base ) cost , to a registrant in a threshold period, of tangible personal property of a particular class or kind acquired by the registrant for a particular purpose, means the amount determined by the formula (A + B + C) × (365 / D) where A is the total of all consideration that became due, or was paid without becoming due, by the registrant in the threshold period for taxable supplies made in Canada to the registrant of tangible personal property of that class or kind acquired by the registrant for that purpose, B is the total value of all tangible personal property of that class or kind, determined in accordance with section 215 of the Act, imported by the registrant for that purpose, C is the total of all tax under any of Divisions II to IV.1 that became payable by the registrant in the threshold period in respect of tangible personal property of that class or kind acquired, imported or brought into a participating province by the registrant for that purpose, and D is the number of days in the threshold period; ( coût ) specified property , in respect of a person, means property of the person other than real property and capital assets of the person; ( bien déterminé ) specified registrant , at any time, means a registrant who (a) throughout the four fiscal quarters of the registrant immediately preceding the fiscal quarter of the registrant that includes that time, (i) was not a listed financial institution, (ii) did not render a legal, accounting or actuarial service in the course of a professional practice of the registrant, and (iii) did not render a book-keeping, financial consulting, tax consulting or tax return preparation service in the course of a commercial activity of the registrant, (b) at that time, is not a charity or a selected public service body within the meaning of section 259 of the Act, or a public institution, and (c) is not a qualifying non-profit organization, within the meaning of section 259 of the Act, (i) at the beginning of the reporting period of the registrant that includes that time, where that reporting period is the fiscal month or fiscal quarter of the registrant, and (ii) at the end of the reporting period of the registrant that includes that time, in any other case; ( inscrit déterminé ) specified supply means a taxable supply other than (a) a supply by way of sale of real property or capital assets of the supplier, (b) a zero-rated supply, (c) a supply that is deemed under section 172 or 175.1 of the Act to have been made or to which section 173 of the Act applies, (d) a supply made outside Canada, (e) a supply in respect of which the recipient is not required to pay tax because of an Act of Parliament unless, in the case of a supply to Her Majesty in right of a province, Her Majesty in right of that province has agreed, under an agreement with Her Majesty in right of Canada, to pay the tax under Part IX of the Act in respect of the supply, (f) a supply to which subsection 177(1.1) of the Act applies, and (g) a supply deemed under subsection 177(1) or (1.2) of the Act to have been made by a registrant acting as an agent for another person. ( fourniture déterminée ) (2) For the purposes of this Part, if a registrant acquires, imports or brings into a participating province tangible personal property that is to be incorporated into or to form a constituent or component part of tangible personal property manufactured or produced in Canada by the registrant, the registrant is deemed to have acquired or imported the property, or brought it into a participating province, as the case may be, for the purpose of supply by way of sale. (3) Subject to subsection (4), for the purposes of this Part, the threshold period for a particular reporting period of a regist