Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations — 41
41 (1) Subsections 13 (1), (4) and (5) and sections 20 and 23 apply in respect of (a) any reporting period of a person that begins after July 21, 2016; and (b) any reporting period of a person that ends after June 2010 but begins before July 22, 2016, each of which is referred to in this paragraph as a “specified reporting period”, if (i) the person was a trust governed by a registered education savings plan throughout those specified reporting periods, (ii) for each of those specified reporting periods, either (A) the person, or a manager of the person (as defined in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations ), reported in the return for the specified reporting period an amount on account of net tax that was determined as though (I) the person were a selected listed financial institution throughout the specified reporting period, and (II) section 35 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations applied in respect of the specified reporting period, or (B) a manager of the person reported in the return for the reporting period of the manager that ends in the specified reporting period an amount on account of net tax that was determined as though (I) the person were a selected listed financial institution throughout the specified reporting period, (II) section 35 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations applied in respect of the specified reporting period, and (III) a joint election made under section 55 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations by the manager and the person were in effect throughout that reporting period of the manager, and (iii) the person elects to have subsections 13 (1), (4) and (5) and sections 20 and 23 apply in respect of those specified reporting periods. (2) An election under subparagraph (1)(b)(iii) is to (a) be made in prescribed form containing prescribed information; and (b) be filed with the Minister of National Revenue in prescribed manner on or before the day that is one year after the day on which these Regulations are published in the Canada Gazette or any later day that the Minister of National Revenue may allow. (3) For the purposes of applying paragraph (1)(b), (a) paragraph (a) of the definition investment plan in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations , as enacted by subsection 13 (1), is to be read as follows: (a) a trust governed by a registered retirement savings plan or a registered retirement income fund; or (b) despite paragraphs 14(3)(c), 53(3)(c), 54(12)(c) and 55(4)(c) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations , if a selected listed financial institution that is a trust governed by a registered education savings plan makes an election under any of sections 14 and 53 to 55 of those Regulations that applies in respect of any specified reporting period of the financial institution referred to in paragraph (1)(b), the election is to be filed with the Minister of National Revenue in prescribed manner on or before the day that is six months after the day on which these Regulations are published in the Canada Gazette or any later day that the Minister of National Revenue may allow; (c) despite paragraph 56(1)(b) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations , if a selected listed financial institution that is a trust governed by a registered education savings plan makes an election under either of sections 53 and 55 of those Regulations that applies in respect of any specified reporting period of the financial institution referred to in paragraph (1)(b) and no election under subsection 54(1) of those Regulations applies in respect of that reporting period, for the purposes of paragraph 240(2.1)(a.1) of the Excise Tax Act the prescribed day is the day