Bulletin B-095 June 2011 "The Self-assessment Provisions of Section 218.01 and Subsection 218.1(1.2) for Financial Institutions (Import Rules)"

The term Canadian activity means an activity of the person carried on, engaged in or conducted in Canada. It would include but is not limited to...

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For example, a qualifying taxpayer that is a non‑resident FI has a head office in the United States and a branch in Canada. The qualifying...

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Generally, the effect of Part A of the formula is that any expense or outlay made outside Canada that would be allowed as a deduction under the...

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Example of internal charge

A qualifying taxpayer resident in Canada has made an election under subsection 217.2(1) to self‑assess on the total...

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Non-resident trust (majority Cdn-owned) with Cdn activity and no Cdn PE

Example 5

A non-resident mutual fund trust has a non-resident trustee. The...

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Test of whether the expense (re qualifying consideration) was used in a participating-province activity

The provincial part of the HST is...

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Ss. 132(2) and (3) rules do not apply for purposes of s. 217.1(1)(b)(i)

Qualifying taxpayer

…

The reference to being resident in Canada in the...

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Scope of s. 217.1(2)(d)

As a result, in the case of a resident qualifying taxpayer, if an employee performs duties outside Canada and a...

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Canco deductions for parent head office expenses are included

Examples - Qualifying consideration - Part A

Example 1

A non-resident FI has its...

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Example of specified non-arm’s length supply

Qualifying consideration - Permitted deduction …

For example, a qualifying taxpayer that is a...

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