RC4419 "Financial Institution GST/HST Annual Information Return"

Exemption for investment plans and seg funds

For purposes of determining whether a financial institution is a reporting institution, a person that is a selected listed financial institution (SLFI) would be a prescribed person and therefore not a reporting institution and not required to complete...GST 111... if the person is:

• a segregated fund of an insurer, as referred to in subparagraph 149(1)(a)(vi); or
• an investment plan, as referred to in subparagraph 149(1)(a)(ix) other than a trust governed by a registered retirement savings plans (RRSP), a registered retirement income fund (RRIF), or a registered education savings plan (RESP).

At this time, there are no other prescribed persons or persons of a prescribed class.

Estimated amounts

You may enter a reasonable estimate of an amount for certain lines, where indicated, where the amount is not reasonably ascertainable. This guide contains information about the lines you may be able to complete using estimates.

If the amount you enter on a line is an estimated amount, you have to tick the grey box beside the line number.

How do you change a return?

If you need to make a change to a return you have sent in you can send a letter to your tax centre including your business number, the fiscal year of the Form GST111, Financial Institution GST/HST Annual Information Return to be amended, and the corrected amounts per line number on your Form GST111. Make sure an authorized representative signs the letter and includes the name and telephone number of a person we can contact if needed. If you prefer, you can file a new Form GST111, instead of sending a letter, and write the word "AMENDED" at the top of the return. The amended Form GST111 should contain all the correct information that was reported on the original Form GST111 as well as any amended/revised information and/or amounts and be sent to your tax centre.