Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 44
Meaning of specified percentage 44 For the purposes of applying section 46 to determine prescribed amounts for a particular reporting period in a fiscal year that ends in a particular taxation year of a selected listed financial institution and for a participating province, the specified percentage of the financial institution for the participating province and for the particular reporting period is (a) if the financial institution is a non-stratified investment plan and an election under section 49 or 61 in respect of the financial institution is in effect throughout the fiscal year, the financial institution’s percentage for the participating province as of the earliest day in the particular reporting period for which that percentage is required to be determined for the purposes of subsection 225.2(2) of the Act, as adapted by these Regulations, or, if no such day exists, as of the last day before the particular reporting period for which that percentage is required to be determined for those purposes; (b) if the financial institution is a stratified investment plan, the total of all amounts, each of which is determined for a series of the financial institution by the formula A × (B/C) where A is (i) if an election under section 49 or 64 in respect of the series is in effect throughout the fiscal year, the financial institution’s percentage for the series and for the participating province as of the earliest day in the particular reporting period for which that percentage is required to be determined for the purposes of subsection 225.2(2) of the Act, as adapted by these Regulations, or, if no such day exists, as of the last day before the particular reporting period for which that percentage is required to be determined for those purposes, (ii) if an election under section 50 is in effect throughout the fiscal year and the prescribed amounts are determined for purposes other than calculating, under paragraph 228(2.1)(a) of the Act, the interim net tax of the financial institution for the particular reporting period, the financial institution’s percentage for the series, for the participating province and for the particular taxation year, and (iii) in any other case, the financial institution’s percentage for the series, for the participating province and for the taxation year that precedes the particular taxation year, B is the total value of the units of the series as of the first business day in the particular reporting period, and C is the total value of the units of the financial institution as of the first business day in the particular reporting period; (c) if the financial institution is an investment plan and neither paragraph (a) nor (b) applies, (i) if an election under section 50 is in effect throughout the fiscal year and the prescribed amounts are determined for a purpose other than calculating, under paragraph 228(2.1)(a) of the Act, the interim net tax of the financial institution for the particular reporting period, the financial institution’s percentage for the participating province and for the particular taxation year, and (ii) in any other case, the financial institution’s percentage for the participating province and for the taxation year that precedes the particular taxation year; and (d) in any other case, (i) if the prescribed amounts are determined for the purposes of calculating, under paragraph 228(2.1)(a) of the Act, the interim net tax of the financial institution for the particular reporting period, (A) in the case where the financial institution is a selected listed financial institution to which subsection 228(2.2) of the Act applies, the financial institution’s percentage for the participating province and for the reporting period preceding the particular reporting period, and (B) in any other case, the lesser of the financial institution’s percentage for the participating province and for the particular taxation year and the financial institution’s percentage for the participating province