On this page

• Eligibility
• Definitions
• Claim conditions

Eligibility

The rebate payable under reason code 25 may be available to you if you are:

If you are an insurer that elects with your segregated fund to pay or credit the relevant part of the rebate directly to your segregated fund, use Reason code 26 – Election under subsection 261.31(3) by the segregated fund and insurer.

Definitions

For the definition of investment plan and segregated fund of an insurer, go to GST/HST Memorandum 17-6, Definition of Listed Financial Institution.

For the purposes of this rebate, a provincial stratified investment plan means a stratified investment plan (other than a provincial investment plan) with one or more provincial series.

For the purposes of this rebate, an investment plan is a provincial investment plan for a particular province at any time where the investment plan meets any of the following conditions:

• The investment plan is at that time a non-stratified investment plan described in section 11 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations (SLFI Regulations), the units of which are permitted, under the laws of Canada or a province, to be sold only in the particular province
• The investment plan is at that time a stratified investment plan, all the series of which are provincial series for the particular province
• The investment plan meets both of the following conditions:
  

  • The investment plan has, throughout the tax year in which the fiscal year of the investment plan that includes that time ends, a permanent establishment in the particular province, as determined in accordance with section 3 of the SLFI Regulations

  • The investment does not have, throughout that tax year, a permanent establishment in a province other than the particular province, as determined in accordance with section 3 of the SLFI Regulations

A provincial investment plan is not an SLFI.

For the definition of stratified investment plan, provincial series, and non-stratified investment plan, go to GST/HST Memorandum 17-6, Definition of Listed Financial Institution. This memorandum also contains information on section 3 and section 11 of the SLFI Regulations.

Claim conditions

You cannot claim a rebate of GST/HST paid if any of the following statements are true:

• The amount was previously rebated, credited, refunded or remitted to you
• You received a credit note, or you issued a debit note for a refund, adjustment, or credit that includes the amount
• You claimed, or are entitled to claim, an input tax credit for the amount
• You are entitled to obtain a rebate, refund or remission of the amount through another program or means
• The deadline for filing the rebate has passed

In the case of bankruptcy, you will not be paid a rebate that you were entitled to claim before the appointment of a trustee in bankruptcy unless you have filed all returns and remitted all outstanding amounts for the reporting periods that ended before the appointment.