RC7222 Election or Revocation for a Qualifying Institution that is a Selected Listed Financial Institution to Use Particular Methods Specified in an Application Under Subsection 141.02(18) of the ETA for GST/HST and QST Purposes
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RC7222 Election or Revocation for a Qualifying Institution that is a Selected Listed Financial Institution to Use Particular Methods Specified in an Application Under Subsection 141.02(18) of the ETA for GST/HST and QST Purposes
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Use this form if you are a selected listed financial institution (SLFI) for QST purposes and you are a qualifying institution (other than a financial institution designated as a qualifying institution under subsection 141.02(25) of the Excise Tax Act (ETA)), for a particular fiscal year and you are electing under subsection 141.02(27) of the ETA to use particular methods specified in the last application you filed under subsection 141.02(18) of the ETA using Form RC7216, Application, Renewal, or Revocation of the Authorization for a Qualifying Institution that is a Selected Listed Financial Institution to Use Particular Input Tax Credit Allocation Methods, to determine the operative extent and procurative extent of each business input, for the fiscal year where that last application was not authorized by the Minister. Also use this form to revoke an election previously made under subsection 141.02(27) of the ETA.
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- Date modified:
- 2022-10-06