Subsection 225.2(1)
Selected Listed Financial Institution
Administrative Policy
Memorandum 17.6.1 "Definition of ‘Selected Listed Financial Institution'" July 2014
31. A series of tips were developed to help in the determination of whether a particular investment plan is an SLFI…[which] are found in...
Subsection 225.2(2)
Administrative Policy
3 April 2025 GST/HST Interpretation 248372 - The simplified regime (Subdivision E of Division II of Part IX) and the special attribution method formula for selected listed financial institutions
A selected listed financial institution (SLFI) that was registered under the regular GST/HST registration provisions purchased intangible personal...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 211.14 - Subsection 211.14(1) | a regular registrant is denied ITCs on HST that is charged to it under the simplified regime | 151 |
| Tax Topics - Excise Tax Act - Section 211.17 - Subsection 211.17(1) | s. 211.17(1) does not preclude a net refund under the SAM formula but denies an ITC to a regular registrant who fails to provide its registration number | 303 |
16 May 2024 GST/HST Interpretation 224829 - GST/HST reporting related to a deemed supply of a multiple unit residential complex by a selected listed financial institution
A selected listed financial institution (SLFI), which is the builder of a multiple unit residential complex (MURC) situated in Ontario and a MURC...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 263.01 - Subsection 263.01(1) | Ontario NRRP rebate denied to SLFIs | 121 |
19 January 2019 Interpretation 165888
CRA indicated that the s. 123(1) definition of tax “is interpreted by it to include only amounts of tax that are actually payable under Part IX,...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Regulations - Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations - Section 46 - Paragraph 46(a) - Element G - Subparagraph (iii) | refund of tax paid in error not included in refunded tax referred to in G | 240 |
| Tax Topics - Excise Tax Act - Section 263.01 - Subsection 263.01(1) | tax paid in error was not tax that was subject to the s. 263.01 restriction | 219 |
| Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Tax | tax does not include tax paid in error | 104 |
8 March 2018 CBA Commodity Tax Roundtable, Q.10
A Canadian financial institution makes a taxable supply of services (Services) to an unrelated Canadian selected listed financial institution...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 278 - Subsection 278(2) | SLFI tax must be remitted irrespective of a failure of a SLFI supplier to charge the tax going into the SAM formula | 365 |
GST/HST Notice 308 GST/HST and Investment Limited Partnerships July 2018
Overview of formula (pp. 3-4)
Under the SLFI rules, an SLFI determines its liability in respect of the provincial part of the HST for net tax...
B-107 "Investment Plans (Including Segregated Funds of an Insurer) and the HST" April 2013
9. Specified attribution method formula
An SLFI [selected listed financial institution] uses the SAM [specified attribution method] formula to...
Forms
Subsection 225.2(5)
Administrative Policy
18 February 2015 Ruling 147237 [late election not accepted]
The SLFI and the closely related Supplier filed a (Form GST497GST497) election to make an election under s. 225.2(4), which was processed by CRA....