Assertion: financial institution's establishment | /r/HasProperty | permanent
Facets:
Source sentences:
text: Under section 9 of the SLFI Regulations, a listed financial institution is a prescribed financial institution throughout a reporting period in a particular fiscal year that ends in a taxation year of the financial institution if the financial institution: has, at any time in the taxation year, a permanent establishment in a participating province and has, at any time in the taxation year, a permanent establishment in any other province (Refer to paragraphs 10 to 13 below for more information.); or is a qualifying partnership during the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 4 of the SLFI Regulations, if the listed financial institution has a permanent establishment in a province at any time in a taxation year, it is considered to have a permanent establishment in the province throughout the taxation year of the financial institution.
text: Under section 3 of the SLFI Regulations, certain listed financial institutions are also deemed to have a permanent establishment in a province as indicated below: if a financial institution is a bank, and if, at any time in a taxation year of the financial institution, the financial institution maintains a deposit or other similar account that is in the name of the person resident in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the following rules apply: the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; and the following loans made by the financial institution and deposit and other similar accounts maintained by the financial institution are deemed to be loans and deposits of the permanent establishment referred to in subparagraph (i) above and not of any other permanent establishment of the financial institution: outstanding loans secured by land situated in the province; outstanding loans, not secured by land, owing by persons resident in the province; and deposit and other similar accounts in the name of a person resident in the province; if a financial institution is an insurer that, at any time in a taxation year of the financial institution, is insuring a risk in respect of property ordinarily situated in a province or in respect of a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a trust and loan corporation, a trust corporation, or a loan corporation and if, at any time in the taxation year of the financial institution, it conducts business (other than business in respect of loans) in a province or, at any time in that year, a loan that was made by the financial institution is outstanding and is either secured by land situated in a province or, if not secured by land, is owing by a person resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year; if a financial institution is a segregated fund of an insurer, the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the insurer is qualified, under the laws of Canada or a province, to sell units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; if a financial institution is a distributed investment plan (other than a segregated fund of an insurer), the financial institution is deemed to have a permanent establishment in a province throughout a taxation year of the financial institution if, at any time in the taxation year: the financial institution is qualified under the laws of Canada or a province, to sell or distribute units of the financial institution in the particular province; or a person resident in the particular province holds one or more units of the financial institution; and if a financial institution is a private investment plan or an investment plan that is a pension entity of a pension plan and, at any time in a taxation year of the financial institution, a plan member of the financial institution is resident in a province, the financial institution is deemed to have a permanent establishment in the province throughout the taxation year.
text: Under section 4 of the SLFI Regulations, if the listed financial institution has a permanent establishment in a province at any time in a taxation year, it is considered to have a permanent establishment in the province throughout the taxation year of the financial institution.
text: For purposes of the SLFI Regulations, including determining whether a listed financial institution has a permanent establishment in a particular province and is a prescribed financial institution, it may be necessary to determine whether a particular person, for example a unit holder or a plan member of an investment plan, is resident in a particular province.
text: A selected listed financial institution, in general terms, is a listed financial institution described in any of subparagraphs 149(1)(a)(i) to (x) that has a permanent establishment in a participating province and a permanent establishment in any other province, at any time during the taxation year.