Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 58
New non-stratified investment plan — attribution point 58 (1) Despite the meaning of attribution point as set out in subsections 16(1) and 18(3), if units of a non-stratified investment plan are issued, distributed or offered for sale in a particular fiscal year that ends in a particular taxation year of the investment plan and, immediately before the issuance, distribution or offering for sale, no units of the investment plan are issued and outstanding, for the purposes of Part 2 and this Part the following rules apply: (a) attribution point in respect of the investment plan for the taxation year of the investment plan that precedes the particular taxation year means the day that is the earlier of (i) the day that is (A) one of the following days, as determined by the investment plan: (I) the particular day that is 91 days after the first day (referred to in this clause as the “issuance date”) in the particular fiscal year on which units of the investment plan are issued and before which no units of the investment plan are issued and outstanding, (II) the last business day in the calendar month that includes the particular day described in subclause (I), (III) the particular day that is 91 days after the earlier of 1 the first day after the issuance date on which units of the investment plan are distributed or offered for sale, and 2 the day that is 60 days after the issuance date, and (IV) the last business day of the calendar month that includes the particular day described in subclause (III), or (B) in the absence of a determination under clause (A) by the investment plan, the particular day described in subclause (A)(I), and (ii) the day preceding the day on which a plan merger of the investment plan and one or more other investment plans first occurs; and (b) attribution point in respect of the investment plan for the particular taxation year means the particular day that is the attribution point in respect of the investment plan for the taxation year of the investment plan that precedes the particular taxation year, as determined in accordance with paragraph (a), if the particular day is after September 30 of the calendar year in which the particular fiscal year ends. New series — attribution point (2) Despite the meaning of attribution point as set out in subsections 16(1) and 18(3), if units of a series of an investment plan are issued, distributed or offered for sale in a particular fiscal year that ends in a particular taxation year of the investment plan and, immediately before the issuance, distribution or offering for sale, no units of the series are issued and outstanding, for the purposes of Part 2 and this Part the following rules apply: (a) attribution point in respect of the series for the taxation year of the investment plan that precedes the particular taxation year means the day that is the earlier of (i) the day that is (A) one of the following days, as determined by the investment plan: (I) the particular day that is 91 days after the first day (referred to in this clause as the “issuance date”) in the particular fiscal year on which units of the series are issued and before which no units of the series are issued and outstanding, (II) the last business day in the calendar month that includes the particular day described in subclause (I), (III) the particular day that is 91 days after the earlier of 1 the first day after the issuance date on which units of the series are distributed or offered for sale, and 2 the day that is 60 days after the issuance date, and (IV) the last business day of the calendar month that includes the particular day described in subclause (III), or (B) in the absence of a determination under clause (A) by the investment plan, the particular day described in subclause (A)(I), and (ii) the day preceding the day on which a plan merger of the investment plan and one or more other investment plans first occurs; and (b) attribution point in respect of the series for the particular ta