GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 42
f income for the taxation year of the person preceding the particular reporting period was farming and if the specified property or service is primarily consumed or used in the person’s farming activities. Tax recovery rate (4) For the purposes of paragraph 46(d), the tax recovery rate of a financial institution for a specified class of specified property or service for a reporting period of the financial institution is (a) if the specified class is qualifying fuel, the tax recovery rate of the financial institution for qualifying motor vehicles for the reporting period, as determined under paragraph (b); (a.1) if the specified class is qualifying energy or qualifying heating oil, the percentage that would be the tax recovery rate of the financial institution for qualifying energy for the reporting period if the definition qualifying energy in subsection (1) were read without reference to “other than qualifying heating oil” and if the tax recovery rate were determined under paragraph (b); and (b) for any other specified class, (i) if an election under section 43 is in effect throughout the reporting period, the percentage determined by the formula A/B where A is the total of all amounts, each of which is an input tax credit of the financial institution for the reporting period in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act, and B is the total of all amounts, each of which is an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act that became payable by the financial institution during the reporting period without having been paid before the reporting period or was paid by the financial institution during the reporting period without having become payable, and (ii) in any other case, the percentage determined by the formula C/D where C is the total of all amounts, each of which is an input tax credit of the financial institution for the reporting period in respect of a specified property or service of the specified class and in respect of an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act, and D is the total of all amounts, each of which is an amount of tax under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act in respect of a supply of a specified property or service of the specified class that became payable by the financial institution during the reporting period without having been paid before the reporting period or was paid by the financial institution during the reporting period without having become payable. SOR/2013-71, s. 2; SOR/2013-197, s. 2
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
eligible roadway has the same meaning as in section 26 of the New Harmonized Value-added Tax System Regulations, No. 2 . ( voie admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
excluded property or service means property or a service that is (a) specified energy that is acquired or imported for consumption or use exclusively in the heating of asphalt to be used directly in the construction or maintenance of an eligible roadway; (b) property or a service described in any of paragraphs (e) to (g) of the definition specified property or service that is acquired or imported by the organizer or sponsor of a convention for consumption or use exclusively at the convention; (c) a 1-800, 1-866, 1-877 or 1-888 telephone service or a similar toll-free telephone service or a service described in paragraph (f) or (g) of the definition specified property or service that is related to a 1-800, 1-866, 1-877 or 1-888 telephone service or a similar toll-free telephone service; (d) access to the Internet; (e) a web-hosting service; (f) a taxi, the operation and custody of which is entrusted to a person by the holder of a taxi permit for the taxi; or (g) property or a service that is acquired or imported exclusively for the purpose of (i) being supplied by a person, (ii) becoming a component of tangible personal property that is to be supplied by a person, or (iii) in the case of property or a service described in paragraph (f) or (g) of the definition specified property or service acquired by a person operating a telecommunication service, being used directly and solely in the making of a taxable supply of a telecommunication service by the person. ( bien ou service exclu )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
farming has the meaning assigned by subsection 248(1) of the Income Tax Act . ( agriculture )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
large business , at any time, means a person that is, at that time, a prescribed person for the purposes of the definition large business in subsection 236.01(1) of the Act. ( grande entreprise )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
motor vehicle has the same meaning as in section 26 of the New Harmonized Value-added Tax System Regulations, No. 2 . ( véhicule automobile )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
qualifying energy means specified energy, other than qualifying heating oil, that is a specified property or service. ( forme d’énergie admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
qualifying food, beverages and entertainment means food, beverages or entertainment that is a specified property or service. ( aliments, boissons et divertissements admissibles )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
qualifying fuel means motive fuel that is a specified property or service. ( carburant admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
qualifying heating oil has the same meaning as in section 1 of the Deduction for Provincial Rebate (GST/HST) Regulations . ( huile de chauffage admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
qualifying motor vehicle means (a) a selected motor vehicle that is a specified property or service; and (b) property (other than motive fuel) or a service, in respect of a selected motor vehicle, that is a specified property or service. ( véhicule automobile admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
qualifying telecommunications services means a specified property or service described in paragraph (f) or (g) of the definition specified property or service . ( service de télécommunication admissible )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
recapture rate applicable at a time in respect of a province means (a) if the province is Ontario, (i) in the case of a time that is on or after July 1, 2010 and before July 1, 2015, 100%, (ii) in the case of a time that is on or after July 1, 2015 and before July 1, 2016, 75%, (iii) in the case of a time that is on or after July 1, 2016 and before July 1, 2017, 50%, (iv) in the case of a time that is on or after July 1, 2017 and before July 1, 2018, 25%, and (v) in the case of a time that is on or after July 1, 2018, 0%; (b) if the province is British Columbia, (i) in the case of a time that is on or after July 1, 2010 and before April 1, 2013, 100%, and (ii) in the case of a time that is on or after April 1, 2013, 0%; and (c) if the province is Prince Edward Island, (i) in the case of a time that is on or after April 1, 2013 and before April 1, 2018, 100%, (ii) in the case of a time that is on or after April 1, 2018 and before April 1, 2019, 75%, (iii) in the case of a time that is on or after April 1, 2019 and before April 1, 2020, 50%, (iv) in the case of a time that is on or after April 1, 2020 and before April 1, 2021, 25%, and (v) in the case of a time that is on or after April 1, 2021, 0%. ( taux de récupération )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
selected motor vehicle means a motor vehicle that is licensed, or required to be licensed, for use on a public highway under the laws of a province relating to the licensing of motor vehicles and that weighs, while carrying its maximum capacity of fuel, lubricant and coolant, less than 3,000 kilograms at the time when the motor vehicle is first licensed, or first required to be licensed, under those laws. ( véhicule automobile désigné )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
specified energy has the same meaning as in section 26 of the New Harmonized Value-added Tax System Regulations, No. 2 . ( forme d’énergie déterminée )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
specified extent of property or a service in respect of a specified class of specified property or service, for a province that is Ontario, British Columbia or Prince Edward Island and for a reporting period of a person, means the percentage that is equal to (a) in the case where the specified class is qualifying telecommunications services, the property or service includes qualifying telecommunications services and other property or services that are not specified property or services (each of which is referred to in this paragraph as an “element”) and the consideration for the specified property or service and each element is not separately identified, (i) if the province is British Columbia, 95%, and (ii) if the province is Ontario or Prince Edward Island and the specified property or service is provided to the person together with (A) an element that is a service, 96%, (B) an element that is property, 89%, and (C) an element that is a service and an element that is property, 86%; (b) if paragraph (a) does not apply and the property or service is a specified property or service (other than farming property or service of the person for the reporting period) of the specified class, 100%; and (c) in any other case, 0%. ( mesure déterminée )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
specified property or service means property or a service (other than excluded property or service) that is (a) a selected motor vehicle; (b) motive fuel, other than diesel fuel, that is acquired or imported for consumption or use in the engine of a selected motor vehicle; (c) property (other than property for maintenance or repair) that is acquired or imported by a person for consumption or use in respect of a selected motor vehicle acquired or imported by the person, if the acquisition or importation of the property occurs within 365 days of the acquisition or importation of the selected motor vehicle; (d) a service (other than a service for maintenance or repair) that is acquired by a person for consumption or use in respect of a selected motor vehicle acquired or imported by the person, if the acquisition of the service occurs within 365 days of the acquisition or importation of the motor vehicle; (e) specified energy; (f) a service described in paragraph (a) of the definition telecommunication service in subsection 123(1) of the Act; (g) access to a telecommunications circuit, line, frequency, channel or partial channel, or to other similar means of transmitting a telecommunication (but not including a satellite channel), for use in providing a service described in paragraph (a) of the definition telecommunication service in subsection 123(1) of the Act; or (h) food, beverages or entertainment acquired by a person in respect of which subsection 67.1(1) of the Income Tax Act applies or would apply if the person were a taxpayer under that Act. ( bien ou service déterminé )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
specified salary and wages has the same meaning as in subsection 31(1) of the New Harmonized Value-added Tax System Regulations, No. 2 . ( rémunération déterminée )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations
specified year has the same meaning as in section 217 of the Act. ( année déterminée )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
total A amounts for a reporting period of a selected listed financial institution means (a) if the financial institution is a non-stratified investment plan and an election under section 49 or 61 in respect of the financial institution is in effect throughout the reporting period, the total of all amounts, each of which is the total for A 1 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a day in the reporting period; (b) if the financial institution is a stratified investment plan, the total of (i) all amounts, each of which is the total for A 1 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a series of the financial institution and for a day in the reporting period, and (ii) all amounts, each of which is the total for A 4 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a series of the financial institution and for the reporting period; and (c) in any other case, the total for A in subsection 225.2(2) of the Act for the reporting period. ( valeur A )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
total B amounts for a reporting period of a selected listed financial institution means (a) if the financial institution is a non-stratified investment plan and an election under section 49 or 61 in respect of the financial institution is in effect throughout the reporting period, the total of all amounts, each of which is the total for A 2 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a day in the reporting period; (b) if the financial institution is a stratified investment plan, the total of (i) all amounts, each of which is the total for A 2 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a series of the financial institution and for a day in the reporting period, and (ii) all amounts, each of which is the total for A 5 in subsection 225.2(2) of the Act, as adapted by these Regulations, for a series of the financial institution and for the reporting period; and (c) in any other case, the total for B in subsection 225.2(2) of the Act for the reporting period. ( valeur B )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — (a)
total F amounts for a reporting period of a selected listed financial institution means (a) if the financial institution is a non-stratified investment plan and an election under section 49 or 61 in respect of the financial institution is in effect throughout the reporting period or if the financial institution is a stratified investment plan, the total for D in subsection 225.2(2) of the Act, as adapted by these Regulations, for the reporting period; and (b) in any other case, the total for F in subsection 225.2(2) of the Act for the reporting period. ( valeur F )
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 43
Election — subsection 42(4) 43 (1) Subject to subsection (4), a financial institution may make an election for the purposes of paragraph 42(4)(b) that is effective from the first day of the first reporting period of the financial institution that meets the following criteria: (a) the reporting period ends after June 2010; (b) throughout the reporting period the financial institution is a selected listed financial institution; and (c) during the reporting period the financial institution is, at any time, a large business. Form of election (2) An election made under subsection (1) by a financial institution is to (a) be made in prescribed form containing prescribed information; and (b) be filed with the Minister in prescribed manner on or before the first day of the first reporting period referred to in subsection (1) or any later day that the Minister may allow. Revocation (3) A financial institution that has made an election under subsection (1) may revoke the election by filing in prescribed manner with the Minister a notice of revocation in prescribed form containing prescribed information not later than the day on which the revocation is to become effective or any later day that the Minister may allow. Restriction (4) If a financial institution has made an election under subsection (1) and has revoked the election under subsection (3), no other election under subsection (1) may be made by the financial institution. SOR/2013-71, s. 2
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 44
ase, the lesser of the financial institution’s percentage for the participating province and for the particular taxation year and the financial institution’s percentage for the participating province and for the taxation year that precedes the particular taxation year, and (ii) in any other case, the financial institution’s percentage for the participating province and for the particular taxation year. SOR/2013-71, s. 2
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 45
Restriction 45 Any amount included in the determination of the value of G 1 in paragraph 46(a), the value of G 12 in paragraph 46(b) or the value of G 18 in paragraph 46(c) in determining a prescribed amount in accordance with section 46 for a reporting period of a selected listed financial institution and for a participating province is not to be included in determining a prescribed amount in accordance with that section for the reporting period and for any other participating province. SOR/2013-71, s. 2
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 46
is rendered, before April 1, 2025, and (B) in the case of an amount of tax described in clause (B) of the description of A, the amount determined by the formula C/D where C is the number of days in the particular specified year before April 1, 2025, and D is the number of days in the particular specified year, and (ii) in any other case, the number of days in the particular reporting period before April 1, 2025, and G 61 is (i) if the financial institution is a distributed investment plan, the total of all amounts, each of which is an amount of tax that became payable by the financial institution during the particular reporting period, or that was paid by the financial institution during the particular reporting period without having become payable, under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act, and (ii) in any other case, the number of days in the particular reporting period. SOR/2013-71, s. 2; SOR/2013-197, s. 3; SOR/2016-119, s. 8; SOR/2016-212, s. 8 SOR/2019-59, s. 21 2023, c. 26, s. 123 SOR/2025-77, s. 8
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 47
Definitions 47 (1) For the purposes of this Part, (a) plan merger and specified investor have the same meanings as in subsection 16(1); and (b) attribution point (i) if an election under subsection 18(1) is in effect, has the same meaning as in subsection 18(3), and (ii) in any other case, has the same meaning as in subsection 16(1). Investor percentage (2) For the purposes of this Part, the investor percentage of a person for a participating province as of a particular day is the investor percentage of the person for the participating province as of that day as determined under section 28. SOR/2013-71, s. 2
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 48
 period of an investment plan, paragraph 228(2.1)(a) of the Act is adapted as follows for the reporting period: (a) the person shall calculate in the interim return the amount (in this Part referred to as the “interim net tax”) that would be the net tax of the person for the reporting period if the description of C in subsection 225.2(2) were read as “is the financial institution’s percentage for the participating province and for the preceding taxation year, determined in accordance with the prescribed rules that apply to financial institutions of that class”; and First fiscal year — instalment base and interim remittance (11) In respect of each reporting period in a fiscal year of an investment plan, subsections 228(2.2) and 237(5) of the Act do not apply. SOR/2013-71, s. 2 SOR/2019-59, s. 22
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 237
237 (1) If the reporting period of a registrant is a fiscal year or a period determined under subsection 248(3), the registrant shall, within one month after the end of each fiscal quarter of the registrant ending in the reporting period, pay to the Receiver General an instalment equal to the amount that would be the net tax of the registrant for the fiscal quarter if the fiscal quarter were a reporting period of the registrant.
Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 50
Election for reconciliation 50 (1) An investment plan that is a selected listed financial institution may make an election for the purposes of section 48 and subsection 225.2(2) of the Act, as adapted by subsection 48(1), and that election is to be effective from the first day of a fiscal year of the investment plan. Restriction (2) An election made under subsection (1) by an investment plan is not to become effective if, on the day on which the election is to come into effect, an election under subsection 49(1) or section 64 in respect of a series of the investment plan, or an election under subsection 49(2) or section 61 in respect of the investment plan, is in effect. Form of election (3) An election made under subsection (1) by an investment plan is to (a) be made in prescribed form containing prescribed information; and (b) set out the first fiscal year of the investment plan during which the election is to be in effect. Cessation (4) An election made under subsection (1) by a person that is an investment plan ceases to have effect on the earlier of (a) the first day of the fiscal year of the person in which the person ceases to be an investment plan or a selected listed financial institution, and (b) the day on which a revocation of the election becomes effective. Revocation (5) An investment plan that has made an election under subsection (1) may, in prescribed form containing prescribed information, revoke the election, effective on the first day of a fiscal year of the investment plan that begins at least three years after the election became effective. Restriction (6) If a particular election made under subsection (1) ceases to have effect on a particular day, any subsequent election under that subsection is not a valid election unless the first day of the fiscal year set out in the subsequent election is at least three years after the particular day. SOR/2013-71, s. 2