New Harmonized Value-added Tax System Regulations, No. 2

Marginal note:Definitions

• 1 (1) The following definitions apply in these Regulations.

  Act

  Act means the Excise Tax Act. (Loi)

  imported taxable supply

  imported taxable supply has the same meaning as in section 217 of the Act. (fourniture taxable importée)

  provincial investment plan

  provincial investment plan for a particular province at any time means an investment plan

  • (a) that is at that time a financial institution described in section 11 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations, the units of which are permitted, under the laws of Canada or a province, to be sold only in the particular province;

  • (b) that is at that time a stratified investment plan, all the series of which are provincial series for the particular province; or

  • (c) that meets the following criteria:

    • (i) the investment plan has, throughout the taxation year in which the fiscal year of the investment plan that includes that time ends, a permanent establishment in the particular province, as determined in accordance with section 3 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations, and

    • (ii) the investment plan does not have, throughout that taxation year, a permanent establishment in a province other than the particular province, as determined in accordance with section 3 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations. (régime de placement provincial)

  provincial series

  provincial series of a financial institution for a particular province means a provincial series of the financial institution, as defined in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations, the units of which are permitted, under the laws of Canada or a province, to be sold in the particular province. (série provinciale)

  provincial stratified investment plan

  provincial stratified investment plan means a stratified investment plan (other than a provincial investment plan) with one or more provincial series. (régime de placement stratifié provincial)

  series

  series has the same meaning as in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations. (série)

  stratified investment plan

  stratified investment plan has the same meaning as in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations. (régime de placement stratifié)

  unit

  unit has the same meaning as in subsection 1(1) of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations. (unité)

• Marginal note:Application of definitions to adaptations

  (2) For greater certainty, the definitions in this section apply in subsections 218.1(1) and (1.2), 220.07(1) to (4) and 220.08(1) of the Act as adapted by these Regulations.