Streamlined Accounting (GST/HST) Regulations — 15
province, as the case may be, for the purpose of supply by way of sale. (3) Subject to subsection (4), for the purposes of this Part, the threshold period for a particular reporting period of a registrant is (a) where an election by the registrant to determine the net tax of the registrant in accordance with this Part becomes effective in the fiscal year of the registrant that includes the particular reporting period, any period that consists of four fiscal quarters of the registrant and ends in one of the last two fiscal quarters of the registrant immediately preceding the fiscal quarter of the registrant in which the election becomes effective; or (b) where an election by the registrant to determine the net tax of the registrant in accordance with this Part became effective before, and is in effect at, the beginning of the particular fiscal year of the registrant that includes the particular reporting period, the fiscal year of the registrant immediately preceding the particular fiscal year. (4) Where an election by a registrant to determine the net tax of the registrant in accordance with this Part becomes effective on January 1, 1991, the following rules apply: (a) where the election is filed with the Minister after the end of any fiscal year of the registrant ending in 1990, the threshold period for all reporting periods of the registrant ending in the fiscal year of the registrant that includes January 1, 1991 is the last fiscal year of the registrant ending before the time that the election is so filed; and (b) where the election is not filed with the Minister after the end of any fiscal year of the registrant ending in 1990 and the registrant elects to adopt the last fiscal year of the registrant ending before the time the election is filed with the Minister as the threshold period for all reporting periods of the registrant ending in the fiscal year of the registrant that includes January 1, 1991 for the purpose of determining under subsection (5) the quick-method rate of the registrant for those reporting periods, that last fiscal year is that threshold period for that purpose. (5) The quick-method rate of a registrant for a particular reporting period that applies in respect of a supply made by the registrant is (a) where the cost to the registrant, in the threshold period for the particular reporting period, of all tangible personal property (other than basic groceries of the registrant and property in respect of the acquisition of which the registrant was not required to pay tax) acquired by the registrant for the purpose of supply by way of sale by the registrant is equal to at least 40% of the basic threshold amount for the particular reporting period, determined without reference to supplies included in Part III of Schedule VI to the Act, (i) if the registrant makes the supply through a permanent establishment of the registrant in Ontario, (A) 4.4%, if the supply is made in Ontario, (A.1) 5.3%, if the supply is made in Nova Scotia, (B) 6.1%, if the supply is made in New Brunswick, Prince Edward Island or Newfoundland and Labrador, and (C) 0%, if the supply is made in a non-participating province, (C.1) and (D) [Repealed, SOR/2016-212, s. 4] (i.1) if the registrant makes the supply through a permanent establishment of the registrant in Nova Scotia, (A) 3.9%, if the supply is made in Ontario, (B) 4.7%, if the supply is made in Nova Scotia, (C) 5.6%, if the supply is made in New Brunswick, Prince Edward Island or Newfoundland and Labrador, and (D) 0%, if the supply is made in a non-participating province, (ii) if the registrant makes the supply through a permanent establishment of the registrant in New Brunswick, Prince Edward Island or Newfoundland and Labrador, (A) 3.3%, if the supply is made in Ontario, (A.1) 4.2%, if the supply is made in Nova Scotia, (B) 5%, if the supply is made in New Brunswick, Prince Edward Island or Newfoundland and Labrador, and (C) 0%, if the supply is made in a non-participating provi