Excise Tax Act — E-15 225.1
or was otherwise recovered by the charity, under this or any other Act of Parliament. Application (5) Sections 231 to 236 do not apply for the purpose of determining the net tax of a charity in accordance with subsection (2) except as otherwise provided in this section. Election (6) Where a charity that makes supplies outside Canada, or zero-rated supplies, in the ordinary course of a business or all or substantially all of whose supplies are taxable supplies elects not to determine its net tax in accordance with subsection (2), that subsection does not apply in respect of any reporting period of the charity during which the election is in effect. Form and content of election (7) An election under subsection (6) by a charity shall (a) be filed in prescribed manner with the Minister in prescribed form containing prescribed information; (b) set out the day the election is to become effective, which day shall be the first day of a reporting period of the charity; (c) remain in effect until a revocation of the election becomes effective; and (d) be filed (i) where the first reporting period of the charity in which the election is in effect is a fiscal year of the charity, on or before the first day of the second fiscal quarter of that year or such later day as the Minister may determine on application of the charity, and (ii) in any other case, on or before the day on or before which the return of the charity is required to be filed under this Division for the first reporting period of the charity in which the election is in effect or on such later day as the Minister may determine on application of the charity. Revocation (8) An election under subsection (6) by a charity may be revoked, effective on the first day of a reporting period of the charity, provided that that day is not earlier than one year after the election became effective and a notice of revocation of the election in prescribed form containing prescribed information is filed in prescribed manner with the Minister on or before the day on or before which the return under this Division is required to be filed for the last reporting period of the charity in which the election is in effect. Restriction on input tax credits (9) Where an election under subsection (6) by a charity becomes effective on a day, an amount (a) that is an input tax credit of the charity, or (b) that is in respect of a specified supply and may be deducted by the charity under subsection 232(3) or 234(2) in determining the net tax of the charity, for a reporting period ending before that day and that is not claimed in a return for any reporting period ending before that day shall not be claimed by the charity in a return for a reporting period ending after that day except to the extent that the charity was entitled to include the amount in the total determined for B in the formula in subsection (2) for any reporting period ending before that day. Streamlined input tax credit calculation (10) Where a charity is a prescribed person for the purposes of subsection 259(12) during a reporting period of the charity, any input tax credit that the charity is entitled to claim in a return for that reporting period may be determined in accordance with Part V.1 of the Streamlined Accounting (GST/HST) Regulations as if the charity had made a valid election under section 227 that is in effect at all times while the charity is a prescribed person. Exception (11) This section does not apply to a charity that is designated under section 178.7. [NOTE: Application provisions are not included in the consolidated text; see relevant amending Acts and regulations.] 1997, c. 10, ss. 45, 207; 2000, c. 30, s. 53; 2006, c. 4, s. 138; 2007, c. 18, ss. 26, 63; 2013, c. 34, s. 416; 2014, c. 20, s. 45; 2017, c. 33, s. 130