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

Marginal note:Prescribed purposes — subsection 220.08(1) of Act

13.1 For the purposes of subsection 220.08(1) of the Act,

• (a) a prescribed purpose in respect of a supply of property or a service made to a selected listed financial institution that is a stratified investment plan with one or more provincial series is the purpose of consuming, using or supplying the property or service in the course of activities relating to one or more of those provincial series; and

• (b) a prescribed purpose in respect of a supply of property or a service made to a provincial investment plan is the purpose of consuming, using or supplying the property or service in the course of the activities of the provincial investment plan.