Electronic Filing and Provision of Information (GST/HST) Regulations

Marginal note:Recaptured input tax credits — addition

• 5 (1) For the purposes of this section, if, under subsection 236.01(2) of the Act, a person is required, in determining its net tax for a reporting period of the person, to add all or part of a specified provincial input tax credit (as defined in subsection 236.01(1) of the Act) of the person in respect of property or a service,

  • (a) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, Ontario or that relate to a service acquired for consumption or use in Ontario is a specified amount in respect of a specified return for the reporting period;

  • (b) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, British Columbia or that relate to a service acquired for consumption or use in British Columbia is a specified amount in respect of a specified return for the reporting period; and

  • (c) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, Prince Edward Island or that relate to a service acquired for consumption or use in Prince Edward Island is a specified amount in respect of a specified return for the reporting period.

• Marginal note:Recaptured input tax credits — deduction

  (2) For the purposes of this section, if, under subsection 236.01(3) of the Act, a person is permitted, in determining its net tax for a reporting period of the person, to deduct all or part of a specified provincial input tax credit (as defined in subsection 236.01(1) of the Act) of the person in respect of property or a service,

  • (a) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, Ontario or that relate to a service acquired for consumption or use in Ontario is a specified amount in respect of a specified return for the reporting period;

  • (b) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, British Columbia or that relate to a service acquired for consumption or use in British Columbia is a specified amount in respect of a specified return for the reporting period; and

  • (c) the total of all such amounts that are reasonably attributable to property acquired in, or brought into, Prince Edward Island or that relate to a service acquired for consumption or use in Prince Edward Island is a specified amount in respect of a specified return for the reporting period.

• Marginal note:Prescribed amounts

  (3) For the purposes of section 284.01 of the Act, the following amounts are prescribed amounts in respect of a specified return for a reporting period of a person:

  • (a) the positive or negative amount determined by the formula

    A - B

    where

    A

    is the specified amount referred to in paragraph 5(1)(a) in respect of the specified return for the reporting period, and

    B

    is the specified amount referred to in paragraph 5(2)(a) in respect of the specified return for the reporting period;

  • (b) the positive or negative amount determined by the formula

    A - B

    where

    A

    is the specified amount referred to in paragraph 5(1)(b) in respect of the specified return for the reporting period, and

    B

    is the specified amount referred to in paragraph 5(2)(b) in respect of the specified return for the reporting period; and

  • (c) the positive or negative amount determined by the formula

    A – B

    where

    A

    is the specified amount referred to in paragraph 5(1)(c) in respect of the specified return for the reporting period, and

    B

    is the specified amount referred to in paragraph 5(2)(c) in respect of the specified return for the reporting period.