New Harmonized Value-added Tax System Regulations, No. 2 — 21.1
the amount of that tax, and B is (A) if the person is a provincial investment plan for a participating province, the amount of tax that would have become payable under subsection 165(2) of the Act in respect of the supply at the particular time if that tax were calculated at the tax rate for that province, and (B) in any other case, zero, (ii) if the tax is payable under section 212.1 or 218.1 or subsection 220.06(1) of the Act in respect of tangible personal property, the amount determined by the formula C – D where C is the amount of that tax, and D is (A) if the person is a provincial investment plan for a participating province, the amount of tax that would have become payable under that section or subsection in respect of the property at the particular time if that tax were calculated at the tax rate for that province, and (B) in any other case, zero, (iii) if the tax is payable under subsection 220.05(1) or 220.07(1) of the Act in respect of bringing tangible personal property into a particular participating province, the amount determined by the formula E – F where E is the amount of that tax, and F is (A) if the person is a provincial investment plan for the particular participating province, the amount of that tax, (B) if the person is a provincial investment plan for a participating province other than the particular participating province, the amount of tax that would have become payable under that subsection in respect of the bringing in of the property if the property were brought into the other participating province, and (C) in any other case, zero, and (iv) in any other case, zero; and (c) in any other case, (i) if the tax is payable under subsection 165(2) of the Act in respect of a supply of property or a service, the amount determined by the formula A – B where A is the amount of that tax, and B is the total of all amounts, each of which is determined for a participating province by the formula C × D where C is the amount of tax that would have become payable under subsection 165(2) of the Act in respect of the supply at the particular time if that tax were calculated at the tax rate for the participating province, and D is the extent (expressed as a percentage) to which the person may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province, (ii) if the tax is payable under section 212.1 or 218.1 or subsection 220.06(1) of the Act in respect of tangible personal property, the amount determined by the formula E – F where E is the amount of that tax, and F is the total of all amounts, each of which is determined for a participating province by the formula G × H where G is the amount of tax that would have become payable under that section or subsection in respect of the property at the particular time if that tax were calculated at the tax rate for the participating province, and H is the extent (expressed as a percentage) to which the person may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province, (iii) where the tax is payable under section 218.1 or subsection 220.08(1) of the Act in respect of a supply of intangible personal property or a service on an amount of consideration for the supply, the amount determined by the formula I – J where I is the amount of that tax, and J is the total of all amounts, each of which is determined for a participating province by the formula K × L where K is the amount of tax that would have become payable under that section or subsection in respect of the supply at the particular time if the supply were acquired by the person for consumption, use or supply exclusively in the participating province, and L is the extent (expressed as a percentage) to which the person may reasonably be regarded as holding or investing funds for the benefit of persons that are resident in the participating province, and (iv) if the tax is payable und