Section 273.2

Subsection 273.2(2)

Forms

GST111, Financial Institution GST/HST Annual Information Return

Who files return

You have to complete this return if you are a reporting institution under subsection 273.2(2)…

Do not use this form if you are a selected listed financial institution (SLFI) for GST/HST or QST purposes or both that is a registrant for QST purposes. For more information see Guide RC7219,…

Subsection 273.2(3)

Administrative Policy

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.

Locations of other summaries Wordcount
Tax Topics - Excise Tax Act - Section 284.1 - Subsection 284.1(2) 61

Forms

GST111 Financial Institution GST/HST Annual Information Return

Not to be used in lieu of RC7291

Do not use this form if you are a … SLFI … that is a registrant for QST purposes.

Guidance

Guide RC4419 … provides definitions … and line-by-line instructions … .