Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 54
Consolidated filing election 54 (1) A manager and any two or more investment plans with which the manager has jointly made an election under subsection 53(1) may jointly elect to file the returns of those investment plans on a consolidated basis. Addition of investment plan (2) If a particular investment plan has made a joint election under subsection 53(1) with the manager of the particular investment plan and the manager has made a particular joint election under subsection (1) with two or more other investment plans, the particular investment plan and the manager may jointly elect to include the particular investment plan in the particular joint election. Withdrawal from election (3) If a joint election under subsection (1) is in effect between a manager and two or more investment plans, one of those investment plans may elect to withdraw from the joint election. Deemed withdrawal from election (4) If a joint election under subsection (1) is in effect between a manager, a particular investment plan and one or more other investment plans, the particular investment plan is deemed to have withdrawn from the joint election effective on the earliest of (a) the day following the day on or before which a return under Division V of Part IX of the Act is required to be filed for the reporting period of the particular investment plan immediately before the first reporting period in a fiscal year of the particular investment plan that does not coincide with the reporting periods of the other investment plans, if those reporting periods do not coincide for a reason other than the application of subsection 244.1(2) of the Act in respect of the fiscal year, (b) the day on which the manager ceases to be the manager of the particular investment plan, (c) the day following the day on or before which a return under Division V of Part IX of the Act is required to be filed for the reporting period of the particular investment plan in which the particular investment plan ceases to be an investment plan, and (d) the day following the day on or before which a return under Division V of Part IX of the Act is required to be filed for the last reporting period of the particular investment plan throughout which the particular investment plan is a selected listed financial institution. Restriction (5) A joint election under subsection (1) by two or more investment plans and a manager that is to come into effect on a particular day in a fiscal year of one of those investment plans may only be made if the end of the respective reporting periods of those investment plans in the fiscal year of each of those investment plans are reasonably expected to coincide with each other. Restriction (6) An election under subsection (2) by a particular investment plan and a manager to include the particular investment plan in a joint election made by the manager and two or more other investment plans that is to come into effect on a particular day in a fiscal year of the particular investment plan may only be made if the end of the respective reporting periods of the particular investment plan and of the other investment plans in the fiscal year of each of those investment plans are reasonably expected to coincide with each other. Restriction (7) A particular election under subsection (3) by a particular investment plan to withdraw from a joint election made by a manager, the particular investment plan and one or more other investment plans may only come into effect on or after the particular day on which the manager and the other investment plans are notified of the particular election by the particular investment plan. Effect of election (8) Despite section 238 of the Act, if an election made by two or more investment plans and a manager under subsection (1) is in effect on the particular day on or before which the interim or final returns under Division V of Part IX of the Act for a reporting period of those investment plans would be required to be filed in the abs