Streamlined Accounting (GST/HST) Regulations — 15
Servicing and Reduction Account Act and related Acts , chapter 10 of the Statutes of Canada, 1997. (15) Subsections 4(6), 6(4), 9(5) to (9) and 11(3), (6) and (9) apply for the purpose of determining the net tax of a registrant for reporting periods ending after March 1997, except that (a) the quick-method rate of a registrant for the reporting period of the registrant that includes April 1, 1997 and applies in respect of a supply is, in respect of consideration for the supply that is paid or becomes due before that day, the rate that would be the quick-method rate of the registrant for that period if those subsections did not come into force; (b) the special quick-method rate of a registrant for the reporting period of the registrant that includes April 1, 1997 and applies in respect of a supply is, in respect of consideration for the supply that is paid or becomes due before that day, the rate that would apply in respect of the supply if those subsections did not come into force; (c) the quick-method rate of a registrant for a reporting period of the registrant that ends before or includes July 1, 1997 and applies in respect of a supply is, in respect of consideration for the supply that is paid or becomes due before July 1, 1997, the rate that would apply if paragraph 15(5)(a) of the Regulations, as enacted by subsection 4(6), were read without reference to the words “and property in respect of the acquisition of which the registrant was not required to pay tax”; (d) for the purpose of determining the net tax of a registrant for any reporting period beginning before November 27, 1997 and ending after April 1, 1997, (i) the reference in subparagraph 15(5)(b)(iii) of the Regulations, as enacted by subsection 4(6), to “3.2%” shall be read as a reference to “2.7%”, (ii) the reference in paragraph (c) of the description of C in subsection 17(1) of the Regulations, as enacted by subsection 6(4), to “2.1%” shall be read as a reference to “2.6%”, (iii) the reference in clause 19(3)(a)(i)(B) of the Regulations, as enacted by subsection 9(5), to “3.2%” shall be read as a reference to “2.7%”, (iv) the reference in clause 19(3)(b)(i)(B) of the Regulations, as enacted by subsection 9(5), to “5.4%” shall be read as a reference to “4.9%”, (v) the reference in clause 19(3)(b)(ii)(A) of the Regulations, as enacted by subsection 9(5), to “10.7%” shall be read as a reference to “10.4%”, (vi) the reference in clause 19(3)(b)(ii)(B) of the Regulations, as enacted by subsection 9(5), to “4.1%” shall be read as a reference to “2.4%”, (vii) the reference in subclause 19(3)(c)(i)(A)(II) of the Regulations, as enacted by subsection 9(8), to “4.5%” shall be read as a reference to “4%”, (viii) the reference in subclause 19(3)(c)(i)(B)(I) of the Regulations, as enacted by subsection 9(8), to “9.1%” shall be read as a reference to “8.8%”, (ix) the reference in subclause 19(3)(c)(i)(B)(II) of the Regulations, as enacted by subsection 9(8), to “2.3%” shall be read as a reference to “0.8%”, (x) the reference in subclause 19(3)(c)(ii)(A)(II) of the Regulations, as enacted by subsection 9(8), to “5.4%” shall be read as a reference to “4.9%”, (xi) the reference in subclause 19(3)(c)(ii)(B)(I) of the Regulations, as enacted by subsection 9(8), to “10.8%” shall be read as a reference to “10.5%”, (xii) the reference in subclause 19(3)(c)(ii)(B)(II) of the Regulations, as enacted by subsection 9(8), to “4.1%” shall be read as a reference to “2.5%”, (xiii) the reference in clause 19(3)(d)(i)(B) of the Regulations, as enacted by subsection 9(9), to “5.8%” shall be read as a reference to “5.3%”, (xiv) the reference in clause 19(3)(d)(ii)(A) of the Regulations, as enacted by subsection 9(9), to “10.6%” shall be read as a reference to “8.8%”, (xv) the reference in clause 19(3)(d)(ii)(B) of the Regulations, as enacted by subsection 9(9), to “3.9%” shall be read as a reference to “0.8%”, (xvi) the reference in clause 19(3)(e)(i)(B) of the Regulations, as enacted by subs