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Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations

Version of section 11 from 2006-03-22 to 2013-04-17:


Marginal note:Determination of the percentage

  •  (1) If a selected listed financial institution is a trust and loan corporation, a trust corporation or a loan corporation, the financial institution’s percentage for a particular period for a participating province in which the financial institution has a permanent establishment is, despite subsection 8(2), the percentage that the gross revenue for the particular period of its permanent establishments in the participating province is of the total gross revenue for the particular period of its permanent establishments in Canada.

  • Marginal note:Determination of gross revenue

    (2) In subsection (1), “gross revenue for the particular period of its permanent establishments in the participating province” means, in relation to a financial institution, the total of the gross revenue of the financial institution for the particular period arising from

    • (a) loans secured by lands situated in the participating province;

    • (b) loans, not secured by land, made to persons residing in the participating province;

    • (c) loans, other than loans secured by land situated in a province or country other than Canada in which the financial institution has a permanent establishment,

      • (i) made to persons residing in a province or country other than Canada in which the financial institution does not have a permanent establishment, and

      • (ii) administered by a permanent establishment in the participating province; and

    • (d) business conducted at its permanent establishments in the participating province, other than business that gives rise to revenue in respect of loans.


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