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

Version of section 5 from 2013-04-18 to 2024-04-01:


Marginal note:Recaptured input tax credits — addition

  •  (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.
  • Marginal note:Recaptured input tax credits — selected listed financial institutions

    (4) For the purposes of section 284.01 of the Act, a prescribed amount in respect of a specified return for a reporting period of a person is a positive or negative amount that

  • SOR/2013-44, s. 23
  • SOR/2013-71, s. 15

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