Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (GST/HST) Remission Order

SI/2010-10

FINANCIAL ADMINISTRATION ACT

Registration 2010-02-17

Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (GST/HST) Remission Order

P.C. 2010-116 2010-02-02

Her Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Finance, pursuant to subsection 23(2)Footnote a of the Financial Administration ActFootnote b, hereby makes the annexed Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (GST/HST) Remission Order.

Interpretation

  •  (1) The following definitions apply in this Order.

    Agreement

    Agreement means the Host City Contract, executed in Prague, Czech Republic on July 2, 2003 between the IOC, the City of Vancouver and the Canadian Olympic Committee, as it was amended by the Host City Contract Joinder Agreement, dated October 30, 2003, under which VANOC became a party to the Host City Contract. (Accord)

    Games

    Games means the 2010 Olympic Winter Games to be held in British Columbia, in and around the City of Vancouver and the Resort Municipality of Whistler, from February 12 to 28, 2010 and the 2010 Paralympic Winter Games to be held there from March 12 to 21, 2010. (Jeux)

    IOC

    IOC means the International Olympic Committee and any entity wholly owned or controlled by that committee. (CIO)

    IPC

    IPC means the International Paralympic Committee and any entity wholly owned or controlled by that committee. (CIP)

    VANOC

    VANOC means the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games that was incorporated under the laws of Canada on September 30, 2003. (COVAN)

  • (2) Unless a contrary intention appears, words and expressions not otherwise defined in subsection (1) have the same meaning as in Part IX of the Excise Tax Act.

Remission

 Subject to sections 4 to 6, remission is granted to VANOC of any amount collected or collectible by VANOC as or on account of tax under Division II of Part IX of the Excise Tax Act in respect of any supply of property or services made by VANOC to the IOC or the IPC under the Agreement solely for the purpose of planning, organizing, staging or broadcasting the Games.

 Subject to sections 4 and 7, remission is granted to VANOC of interest and penalties paid or payable by VANOC on any amount for which remission is granted under section 2.

Conditions

 The remission referred to in section 2 or 3 is granted only to the extent to which the amount remitted has not otherwise been rebated, remitted, credited or refunded to VANOC or any other person under the Financial Administration Act or any other Act of Parliament.

 Remission is granted under section 2 on the condition that the amount is collected or becomes collectible after July 1, 2003 and before January 1, 2012 by VANOC as or on account of tax under Division II of Part IX of the Excise Tax Act.

 If an amount was included in determining the amount of net tax reported by VANOC in a return under Division V of Part IX of the Excise Tax Act for a reporting period filed with the Minister of National Revenue, remission of the amount is granted under section 2 only if an application for the remission is filed in writing with the Minister within two years after the later of

  • (a) the day on which this Order is made; and

  • (b) the day on which the reporting period ends.

 If interest and penalties were paid by VANOC on any amount for which remission is granted under section 2, remission of the interest and penalties so paid is granted under section 3 only if an application for the remission is filed in writing with the Minister of National Revenue within two years after the later of

  • (a) the day on which this Order is made; and

  • (b) the day on which the interest and penalties were paid by VANOC.

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