Excise Tax Act — E-15 172.1
 which is determined for a participating province by the following formula E × F where E is the fair market value of the specified resource or part at the time it was acquired by the person, and F is the provincial factor in respect of the pension plan and the participating province for the particular fiscal year; and (d) for the purpose of determining an input tax credit of the pension entity under this Part and for the purposes of sections 232.01, 232.02 and 261.01, the pension entity is deemed (i) to have received a supply of the specified resource or part on the last day of the particular fiscal year, (ii) to have paid tax in respect of that supply on that day equal to the amount determined by the formula A − B where A is (A) if the pension entity is a selected listed financial institution on that day, the amount determined for A in paragraph (c), and (B) in any other case, the amount of tax determined under paragraph (c), and B is the total of all amounts, each of which is a part of the amount determined for A (A) that is not included in determining the person’s net tax for the reporting period that includes the last day of the particular fiscal year, or (B) that the person has recovered or is entitled to recover by way of rebate, refund or remission, or otherwise, under this or any other Act of Parliament, and (iii) to have acquired the specified resource or part for consumption, use or supply in the course of its commercial activities to the same extent that the specified resource or part was acquired by the person for the purpose of making a supply of the specified resource or part to the pension entity for consumption, use or supply by the pension entity in the course of pension activities in respect of the pension plan that are commercial activities of the pension entity. Acquisition for supply to master pension entity (5.1) If a person that is a registrant acquires at any time in a particular fiscal year of the person a specified resource for the purpose of making a supply of all or part of the specified resource to a master pension entity for consumption, use or supply by the master pension entity in the course of pension activities in respect of any pension plan that is in the master pension group in respect of the person and the master pension entity at that time, if the person is not at that time a selected qualifying employer of any pension plan in the master pension group and if it is not the case that the specified resource is an excluded resource of the person in respect of any pension plan in the master pension group, the following rules apply: (a) for the purposes of this Part, the person is deemed to have made a taxable supply of the specified resource or part on the last day of the particular fiscal year; (b) for the purposes of this Part, tax in respect of the taxable supply is deemed to have become payable on the last day of the particular fiscal year and the person is deemed to have collected that tax on that day; (c) for the purposes of this Part, the tax referred to in paragraph (b) is deemed to be equal to the total of all amounts, each of which is determined for each pension plan in the master pension group by the formula A + B where A is the amount determined by the formula C × D × E where C is the fair market value of the specified resource or part at the time it was acquired by the person, D is the rate set out in subsection 165(1), and E is the master pension factor in respect of the pension plan for the fiscal year of the master pension entity that includes the last day of the particular fiscal year, and B is the total of all amounts, each of which is determined for a participating province by the following formula F × G × H where F is the amount determined for C, G is the provincial factor in respect of the pension plan and the participating province for the particular fiscal year, and H is the master pension factor determined for E; and (d) for each pension plan in the master pension group,