Deduction for Provincial Rebate (GST/HST) Regulations (SOR/2001-65)

Marginal note:Restriction

2.2 Section 234 of the Act is modified to adapt that section to the new harmonized value-added tax system by adding the following subsection after subsection (4) of that section:

• Marginal note:Additional restriction

  (4.1) No amount of an input tax credit, rebate, refund or remission under this or any other Act of Parliament, and no amount of a tax benefit (as defined in subsection 274(1)), shall be credited, paid, granted or allowed to the extent that it can reasonably be regarded that the amount is determined, directly or indirectly, in relation to an amount that is prescribed for the purposes of subsection (3).