New Harmonized Value-added Tax System Regulations, No. 2 — 27
 for the period beginning at that time and ending on the last day of the recapture period that includes the last day of the first fiscal year of the new corporation, a prescribed person for the purposes of the definition large business in subsection 236.01(1) of the Act. Large business — acquisition of a business (9) If a person makes, at any time in a recapture period, a supply of a business to another person that is not a large business, the person would, in the absence of paragraph (3)(b), have a recapture input tax credit threshold amount in respect of the recapture period exceeding $10,000,000, the other person is acquiring, under the agreement for the supply, ownership, possession or use of all or substantially all of the property that can reasonably be regarded as being necessary for the other person to be capable of carrying on the business and, after that time, the business is carried on by the other person, for the purposes of the definition large business in subsection 236.01(1) of the Act, the other person is a prescribed person for the period beginning on the earlier of the day that the other person begins to carry on the business and the day on which the other person acquires ownership, possession or use of all or substantially all of the property that can reasonably be regarded as being necessary for the other person to be capable of carrying on the business and ending on the last day of the recapture period. Large business — becoming a registrant (10) If, at any time in a recapture period, a person becomes a registrant and the recapture input tax credit threshold amount of the person or of another person that is associated with the person at that time exceeds $10,000,000 in respect of the recapture period, for the purposes of the definition large business in subsection 236.01(1) of the Act, the person is a prescribed person for the period beginning at that time and ending on the last day of the recapture period. Ceasing to be a large business — addition (11) For the purposes of the definition large business in subsection 236.01(1) of the Act, a person is a prescribed person at the time prescribed by section 30 or 32 in respect of a specified provincial input tax credit of the person in respect of a specified property or service if the person ceased to be a large business (a) before that time; and (b) after (i) in the case of a qualifying motor vehicle in respect of which section 32 applies, the time when the person first uses the qualifying motor vehicle otherwise than exclusively for the purpose referred to in subparagraph 28(2)(g)(i), and (ii) in any other case, the specified time in respect of the specified provincial input tax credit. Ceasing to be a large business — deduction (12) For the purposes of the definition large business in subsection 236.01(1) of the Act, a person is a prescribed person at the time prescribed by section 33 in respect of a qualifying motor vehicle if the person ceased to be a large business (a) before that time; and (b) after the end of the reporting period in which the person was required to add an amount to its net tax for the reporting period as a consequence of subsection 31 (2) in respect of a specified provincial input tax credit of the person in respect of the qualifying motor vehicle. Large business — exclusion (13) Despite subsections (1) to (10), for the purposes of the definition large business in subsection 236.01(1) of the Act, a person is not a prescribed person at any time if, at that time, the person is (a) a public service body; (b) [Repealed, SOR/2013-71, s. 12] (c) an entity of the government of Canada that is not listed in Schedule I of the Federal Provincial Fiscal Arrangements Act ; (d) a department (as defined in section 2 of the Financial Administration Act ); or (e) an entity of the government of a province that is eligible, pursuant to a provision of a sales tax harmonization agreement with that province, for a rebate of tax paid under Part IX of the Act.