CRA provides checklist on determining SLFI status for HST purposes

CRA has published a memorandum on the meaning for HST purposes of a "selected listed financial institution" – e.g., a mutual fund which is required to pay  HST based on the provincial distribution of its unitholders rather than on the HST which is charged to it by suppliers.

Although mostly a paraphrase of the relevant provisions, the memo has an Appendix setting out a "series of tips" i.e., a checklist, to assist in determining SLFI status.

Neal Armstrong.  Summary of Memorandum 17.6.1 "Definition of ‘Selected Listed Financial Institution’" July 2014 under ETA s. 225.2(1) – selected listed financial institution.