Document ID: chunk:federal_register_of_legislation:F2023C00564:reg:21:p6
Version: federal_register_of_legislation:F2023C00564
Segment Type: reg
Provision Reference: reg 21 (pt 6/6)
Character Range: 48806–49533

enterprise if any of the following conditions apply:
 (a) both enterprises are carried on by the same entity;
 (b) one enterprise is carried on by a 100% subsidiary of the entity that carries on the other enterprise;
 (c) both enterprises are carried on by 100% subsidiaries of the same entity.

70‑5.02  Acquisitions that attract reduced input tax credits: general
 (1) For the purposes of subsection 70‑5(1) of the Act, an acquisition mentioned in the following table that relates to making financial supplies can give rise to an entitlement to a reduced input tax credit.

Reduced credit acquisitions—general
Item                                                   Acquisition
Transaction banking and cash management services