Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 46
cle described in subparagraph (g)(i) of the definition excluded property or service in subsection 42(1) that was acquired or imported by the financial institution and is used by the financial institution, at any time in the particular reporting period, otherwise than exclusively for the purpose referred to in that subparagraph — by the formula D × E × 2% where D is the amount of tax (other than an amount of tax that is a prescribed amount of tax for the purposes of paragraph (a) of the description of A in subsection 225.2(2) of the Act) that became payable at any time under any of subsection 165(1) and sections 212, 218 and 218.01 of the Act by the financial institution in respect of a supply or importation of the selected motor vehicle, and E is the number of fiscal months in the particular reporting period during which the selected motor vehicle was used otherwise than exclusively for the purpose referred to in subparagraph (g)(i) of the definition excluded property or service in subsection 42(1), B is the tax recovery rate of the financial institution for the specified class for the particular reporting period, and C is (A) in the case where the specified class is qualifying food, beverages and entertainment, 50%, (B) in the case where the specified class is qualifying fuel and the participating province is British Columbia, 0%, (B.1) in the case where the specified class is qualifying heating oil and the participating province is Prince Edward Island, 0%, (C) in the case where the specified class is qualifying energy or qualifying heating oil and the participating province is Ontario or British Columbia, the percentage determined by the formula F/G where F is the total of all amounts, each of which is the specified salary and wages of an employee of the financial institution that is paid by the financial institution in the second last taxation year of the financial institution preceding the particular reporting period for anything done by the employee in the course of, or in relation to, the office or employment of the employee in the province to the extent that it can reasonably be considered that the specified salary and wages is not attributable to the direct engagement by the employee in activities that are eligible scientific research and experimental development activities for the purposes of (I) if the participating province is Ontario, the Taxation Act, 2007 , S.O. 2007, c. 11, Sch. A, and (II) if the participating province is British Columbia, the Income Tax Act , R.S.B.C. 1996, c. 215, and G is the total of the specified salary and wages of each employee of the financial institution that are paid by the financial institution in the second last taxation year of the financial institution preceding the particular reporting period for anything done by the employee in the course of, or in relation to, the office or employment of the employee in the participating province, and (D) in any other case, 100%, and (ii) in any other case, zero, G 20 is the specified percentage of the financial institution for the participating province and for the particular reporting period, G 21 is (i) except if subparagraph (ii) or (iii) applies, the tax rate for the participating province, (ii) if the participating province is British Columbia, 7%, and (iii) if the particular reporting period includes October 1, 2016 and the participating province is Prince Edward Island, the percentage determined by the formula 9% + (1% × A/B) where A is (A) if the financial institution is a distributed investment plan, the total of all amounts, each of which is determined by the formula C x D where C is an amount of tax that became payable by the financial institution during the particular reporting period, or that was paid by the financial institution during the particular reporting period without having become payable (I) under any of subsection 165(1) and sections 212 and 218 of the Act in respect of a supply or importation of property or a service,