Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 54
t 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 absence of this subsection, the manager must file in prescribed manner with the Minister on or before that day a single joint interim or final return, as the case may be, for the reporting period in prescribed form containing prescribed information on behalf of those investment plans and those investment plans are each not required to file their respective return under that Division for the reporting period. Effect of election (9) For the purposes of this section and section 56, if an election was made by a particular investment plan and a manager under subsection (2) to join, as of a particular day, a particular election made by the manager and two or more other investment plans under subsection (1), the following rules apply: (a) the particular election ceases to have effect on the particular day; and (b) an election is deemed to have been made under subsection (1) by the manager, the particular investment plan and the other investment plans and that election is deemed to have come into effect on the particular day. Effect of withdrawal (10) For the purposes of this section and section 56, if a particular investment plan withdraws from, as of a particular day and under subsection (3) or (4), a particular joint election made under subsection (1) by the particular investment plan, a manager and one or more other investment plans, the following rules apply: (a) the particular joint election ceases to have effect on the particular day; and (b) if the particular joint election was made by the particular investment plan, the manager and two or more other investment plans, an election is deemed to have been made under subsection (1) by the manager and those other investment plans and that election is deemed to have come into effect on the particular day. Investment plan ceasing to exist (11) If a joint election made under subsection (1) by a manager, a particular investment plan and one or more other investment plans is in effect immediately before the particular time at which the particular investment plan ceases to exist, the following rules apply: (a) if the joint election was made by the particular investment plan, the manager and one other investment plan, the joint election ceases to have effect on the day that includes the particular time; and (b) in any other case, (i) if a joint election made under subsection (1) by the manager and two or more of the other investment plans is in effect on the day on or before which a single joint interim return is required to be filed under subsection (8) for the particular reporting period of those other investment plans that begins on the same day as the last reporting period of the particular investment plan, the joint interim return must include prescribed information concerning the last reporting period of the particular investment plan, and (ii) if a joint election made under subsection (1) by the manager and two or more of the other investment plans is in effect on the day on or before which a single joint final return is required to be filed under subsection (8) for a particular reporting period of those other investment plans that is included in the fiscal year of those other investment plans that begins on the same day as the last fiscal year of the particular investment plan, the joint final return must include prescribed information concerning the reporting period of the particular investment plan that begins on the same day as the particular reporting period. Form and filing of elections (12) An election made under any of subsections (1) to (3) is to (a) be made in prescribed form containing prescribed information; (b) set out the day on which the election is to come into effect; and (c) be filed with the Minister in prescribed manner before that day or any later day that the Ministe