Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 31
nd that the financial institution knows is resident in the participating province on that day, B is the total of all amounts, each of which is the total value of the units of the financial institution held, on the particular day, by a person that is neither an individual nor a specified investor in the financial institution for the particular fiscal year and in respect of which the financial institution knows the person’s investor percentage for each participating province as of that day multiplied by the person’s investor percentage for the participating province as of that day, C is the total value, on the particular day, of the units of the financial institution other than units held on that day by an individual, or a specified investor in the financial institution for the particular fiscal year, that the financial institution knows is not resident in Canada on that day, D is the lesser of 0.1 and the amount determined by the formula D 1 /D 2 where D 1 is the total of all amounts, each of which is the total value of the units of the financial institution held, on the particular day, by a person in respect of which the financial institution (i) does not know any part of the information in respect of those units that is described in whichever of subsections 52(3), (5) and (8) is applicable in respect of those units (which part is referred to in this description as the “missing information”), and (ii) requests, on or before October 15 of the calendar year that precedes the calendar year in which the particular fiscal year ends, the missing information under the applicable subsection referred to in subparagraph (i), and D 2 is the amount determined for C, and E is the total of all amounts, each of which is the total value of the units of the financial institution held, on the particular day, by a person (i) that is an individual, or a specified investor in the financial institution for the particular fiscal year, resident in Canada on that day and in respect of which the financial institution knows the province in which the person is resident on that day, or (ii) that is neither an individual nor a specified investor in the financial institution for the particular fiscal year and in respect of which the financial institution knows the person’s investor percentage for each participating province as of that day; and (c) in the case of any other participating province, nil. Attribution of unit holders to a participating province (2) For the purposes of subsection (1), if, for any particular day in a fiscal year of an investment plan, the total of all amounts — each of which is the total value of the particular units of the investment plan held on that day either by a person that is an individual or a specified investor in the investment plan for the fiscal year and in respect of which the investment plan knows whether or not the person is resident in Canada on that day and knows, in the case of individuals and specified investors resident in Canada, the province in which the person is resident on that day or by a person that is neither an individual nor a specified investor in the investment plan for the fiscal year and in respect of which the investment plan knows the person’s investor percentage for each participating province as of that day — is less than 50% of the total value of the units of the investment plan on that day, the following rules apply: (a) the units of the investment plan, other than the particular units, are deemed to be held on that day by a particular individual and not by any other person; (b) the particular individual is deemed to be resident on that day in Canada and in the selected province referred to in subsection (1) for that day; and (c) the investment plan is deemed to know that the particular individual is, on that day, resident in Canada and in the selected province. Percentage — exception (3) Despite subsection (1), if a selected listed financial institution is a non-stratified investment plan, a