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Financial Services and Financial Institutions (GST/HST) Regulations

Version of section 3.1 from 2006-03-22 to 2019-03-03:

  •  (1) In this section, the expressions registered retirement income fund and registered retirement savings plan have the meanings assigned to those expressions by subsection 248(1) of the Income Tax Act.

  • (2) The following services are prescribed for the purpose of subparagraph (q)(ii) of the definition financial service in subsection 123(1) of the Act when supplied by a supplier who provides management or administrative services to a person referred to in paragraph (q) of that definition:

    • (a) the issuance of a financial instrument by, or the transfer of ownership of a financial instrument from, the supplier to the person;

    • (b) the operation or maintenance of a savings, chequing, deposit, loan, charge or other account that the person has with the supplier; and

    • (c) if the person is a trust governed by a self-directed registered retirement income fund or a self-directed registered retirement savings plan, the arranging for the issuance, renewal, variation or transfer of ownership of a financial instrument for the person.

  • SOR/2001-61, s. 2

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