703. (1) Revoked:  O. Reg. 558/99, s. 1 (1). (2) The following corporations are prescribed as financial institutions for a taxation year for the purposes of clause 58 (2) (g) of the Act: 1. A corporation all or substantially all of whose assets consist of shares or indebtedness of one or more financial institutions that are related to the corporation in the corporation’s taxation year. 2. A corporation all or substantially all of whose assets consist of shares or indebtedness of one or more insurance corporations that are related to the corporation if, i. each of the insurance corporations carries on business in Canada at any time in the corporation’s taxation year, and ii. the corporation elects in its return of income for the taxation year to be a financial institution for the purposes of Part III of the Act. 3. A corporation, other than a corporation referred to in paragraph 1 or 2, all or substantially all of whose assets consist of shares or indebtedness of one or more financial institutions that are related to the corporation in the taxation year and shares or indebtedness of one or more insurance corporations that are related to the corporation in the taxation year if, i. each of the insurance corporations carries on business in Canada at any time in the corporation’s taxation year, and ii. the corporation elects in its return of income for the taxation year to be a financial institution for the purposes of Part III of the Act. 4. Avco Financial Services Canada Limited. 5. Avco Financial Services Realty Limited. 6. Avco Financial Services Quebec Limited. 6.1 Associates Capital Corporation of Canada, i. for the purposes of third party investors, for taxation years ending after December 31, 2001, and ii. for the purposes of the Corporation and related corporations, for taxation years ending after December 31, 1997. 7. Associates Financial Services of Canada Ltd., for taxation years ending after March 1, 1998 and before May 1, 2001. 8. Associates Mortgage Corporation, for taxation years ending after March 1, 1998 and before May 1, 2001. 8.1 Citibank Canada Investment Funds Limited, i. for the purposes of third party investors, for taxation years ending after December 31, 2000, and ii. for the purposes of the Corporation and related corporations, for taxation years ending after December 31, 1999. 8.2 CitiCapital Commercial Corporation, for taxation years ending after December 31, 1999. 8.3 CitiFinancial Canada, Inc., for taxation years ending after May 31, 1999. 8.4 CitiFinancial Services of Canada Ltd., for taxation years ending after April 30, 2001. 8.5 CitiFinancial Mortgage Corporation, for taxation years ending after April 30, 2001. 8.6 Commercial Credit Corporation CCC Limited, for taxation years ending after December 31, 1997 and before June 1, 1999. 9. GE Capital Canada Limited, for taxation years ending before August 2, 2000. 10. GE Capital Canada Retailer Financial Services Company, for taxation years ending before August 2, 2000. 10.1 GE Card Services Canada Inc., for taxation years ending after August 1, 2000. 11. John Deere Credit Inc. 12. Trans Canada Credit Corporation, for taxation years ending before January 1, 2005. 12.1 Trans Canada Retail Services Company, for taxation years ending after January 14, 2002 and before January 18, 2005. 12.2 National Retail Credit Services Company, for taxation years ending after December 31, 1998 and before January 15, 2002. 12.3 Northwest Financial Canada Company, for taxation years ending after December 31, 1998 and before September 7, 2001. 13. Norwest Financial Capital Canada, Inc., for taxation years ending after May 7, 1997 and before January 1, 1999. 14. Norwest Financial Canada, Inc., for taxation years ending after May 7, 1997 and before January 1, 1999. 15. Household Financial Corporation Limited. 16. Household Finance Corporation of Canada. 17. Household Realty Corporation Limited. 18. Household Commercial Canada Inc. 19. Merchant Retail Services Limited. 20.  Revoked:  O. Reg. 232/03, s. 2 (4). 21. General Motors Acceptance Corporation of Canada, Limited. 22. Superior Acceptance Corporation Limited.  This applies for taxation years ending before January 1, 1999. 23. Superior Credit Corporation Limited.  This applies for taxation years ending before January 1, 1999. 24. Ford Credit Canada Limited, for a taxation year ending after December 31, 1999. 25., 26.  Revoked:  O. Reg. 232/03, s. 2 (4). 27. PACCAR Financial Limited, for taxation years ending on or after December 31, 2000. 28. AmeriCredit Financial Services of Canada Limited, for taxation years ending on or after June 30, 2001. 29. State Farm Finance Corporation of Canada, for taxation years ending after December 31, 2001. 30. Wells Fargo Financial Canada Corporation, for taxation years ending after September 6, 2001. 30.0.1 Wells Fargo Financial Corporation Canada, for taxation years ending after December 31, 2004. 30.0.2 Wells Fargo Financial Retail Services Company, for taxation years ending after January 17, 2005. 30.1 VFC Inc., for taxation years ending after April 19, 2006. 30.2 Accredited Home Lenders Canada Inc., for taxation years ending after December 31, 2005. 31. Every corporation that is a financial institution for the purposes of Part I.3 of the Income Tax Act (Canada) by virtue of paragraph (g) of the definition of “financial institution” in subsection 181 (1) of that Act, other than, i. a corporation described in paragraph 1 to 30, ii. a corporation that has notified the Minister in writing that the corporation does not wish to be prescribed for the purposes of Part III of the Corporations Tax Act, or iii. a corporation that is a financial institution for the purposes of Part I.3 of the Income Tax Act (Canada), as of a date before December 21, 2002.  O. Reg. 76/99, s. 2; O. Reg. 558/99, s. 1 (2); O. Reg. 194/00, s. 1; O. Reg. 499/00, s. 1; O. Reg. 160/01, s. 1; O. Reg. 232/03, s. 2; O. Reg. 307/07, s. 3; O. Reg. 150/08, s. 1. (3) Despite subsection (2), a corporation prescribed as a financial institution under subsection (2) as of a date before July 1, 1999 shall not be considered to be a financial institution until its first taxation year ending after June 30, 1999 for the purposes of determining the amount of a deduction under clause 62 (1) (c) of the Act by another corporation that is not related to the financial institution.  O. Reg. 76/99, s. 2. (4) For the purposes of paragraphs 2 and 3 of subsection (2), a corporation is deemed to elect in its return of income for a taxation year to be a financial institution for the purposes of Part III of the Act if the corporation calculates its tax under Part III of the Act for the year on the basis that it is a financial institution.  O. Reg. 76/99, s. 2. (5) Despite subsection (4), a corporation is not deemed to make the election referred to in that subsection for a taxation year ending before February 25, 1999 if, (a) the corporation delivers an amended return for the taxation year before the end of the normal assessment period in respect of the taxation year; and (b) the corporation determines the amount of its tax under Part III of the Act in the amended return on the basis that the corporation is not a financial institution for the year for the purposes of that Part.  O. Reg. 76/99, s. 2.