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008170421s2011    onc     o    f000 0 eng d
040 |aCaOODSP|beng
043 |an-cn---
0861 |aRv3-2/17-14-2011E-PDF
24500|aElection for exempt supplies |h[electronic resource].
260 |a[Ottawa] : |bCanada Revenue Agency, |c2011.
300 |a18 p.
4901 |aGST/HST memorandum
500 |aIssued also in French under title: Choix visant les fournitures exonérées.
500 |aCaption title.
500 |a"July 2011."
500 |aChapter 17.14 of the GST/HST memoranda series.
500 |a"This version replaces the one dated January 2001."
520 |a"Section 150 of the Excise Tax Act (the Act) provides an election that permits corporations that are members of a closely related group of which a listed financial institution is a member to elect to treat every taxable supply between them of property by way of lease, licence or similar arrangement or of a service (with certain exceptions) as an exempt supply of a financial service. A corporation making the election is deemed to be a financial institution under section 151. This memorandum examines what is meant by a closely related group and closely related corporation and outlines the effects of making the election, particularly as it relates to a registrant corporation being deemed to be a financial institution. The memorandum also refers to an election under subsection 225.2(4) that is available to selected listed financial institutions that have made an election under section 150"--p. [1].
69207|2gccst|aGoods and services tax
69207|2gccst|aHarmonized sales tax
69207|2gccst|aExcise taxes
7102 |aCanada Revenue Agency.
77508|tChoix visant les fournitures exonérées |w(CaOODSP)9.835610
830#0|aGST/HST memorandum.|w(CaOODSP)9.832266
85640|qPDF|s150 KB|uhttps://publications.gc.ca/collections/collection_2017/arc-cra/Rv3-2-17-14-2011-eng.pdf