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

16 These Regulations are deemed to have come into force on April 1, 1997 except that, during the period beginning on that day and ending on February 16, 2001,

• (a) subparagraph (v) of the description of G₁ in paragraph 15(a) of these Regulations shall be read as follows:

  • (v) if a person pays to the financial institution during the particular reporting period a rebate to which section 181.1 of the Act applies and the financial institution is deemed under paragraph 181.1(f) of the Act to have collected tax equal to the amount determined under that paragraph, all amounts each of which is an amount so determined, to the extent that the amount is in respect of tax under subsection 165(2) of the Act,

• (b) subparagraph (v) of the description of G₂ in paragraph 15(a) of these Regulations shall be read as follows:

  • (v) if a person pays to the financial institution during the particular reporting period a rebate to which section 181.1 of the Act applies and the financial institution is deemed under paragraph 181.1(f) of the Act to have collected tax equal to the amount determined under that paragraph, all amounts each of which is an amount so determined, to the extent that the amount is in respect of tax under subsection 165(1) of the Act,

  and

• (c) the description of G₃ in paragraph 15(a) of these Regulations shall be read as follows:

  G₃

  is the total of

  • (i) all input tax credits of the financial institution claimed by it in the return under Division V of Part IX of the Act filed by the financial institution for any reporting period of the financial institution in respect of an amount included under any of subparagraphs (i) to (iii) and (v) of the description of G₂ for the particular reporting period, and

  • (ii) all amounts included for any reporting period of the financial institution in the total for B in subsection 225.2(2) of the Act in respect of an amount included under subparagraph (iv) of the description of G₂ for the particular reporting period,