What is an SLFI for GST?
A selected listed financial institution For GST/HST purposes, you are considered to be an SLFI throughout a reporting period in a fiscal year that ends in your tax year if you satisfy the following two conditions: You are a prescribed financial institution throughout the reporting period.
What is a Slfi in Canada?
A listed financial institution that does not have a permanent establishment in a participating province and a permanent establishment in any other province at any time in a taxation year cannot be an SLFI.
What is RC7294?
A selected listed financial institution (SLFI) that is a registrant for GST/HST and QST purposes must file Form RC7294, Goods and Services Tax/Harmonized Sales Tax (GST/HST) and Quebec Sales Tax (QST) Final Return for Selected Listed Financial Institutions, and in some cases may file Form RC7200, Goods and Services Tax …
What is a distributed investment plan?
A “distributed investment plan” means an investment plan that is a mutual fund trust, a mutual fund corporation, a unit trust, a mortgage investment corporation, an investment corporation, a non-resident-owned investment corporation or a segregated fund of an insurer.
What is listed financial institution?
A person whose principal business is lending money to related corporations or purchasing debt securities from related corporations or a combination thereof is a listed financial institution.
What is a GST HST registrant?
Registrant – means a person that is registered or has to be registered for the GST/HST. This means there is no GST/HST charged on these supplies, but GST/HST registrants may be eligible to claim ITCs for the GST/HST paid or payable on property and services acquired to provide these supplies.
How do I file HST return electronically?
File a GST/HST return, rebate or election electronically
- File your GST/HST return (Form GST34)
- File your combined GST/HST and QST return (Form RC7200)
- File any applicable schedules with your return.
- View and adjust previously filed returns.
- File and adjust certain rebates.
- View your account balance.
What is a specified investor?
Specified Investor means any Investor which, together with its Affiliates, owns beneficially or of record 20% or more of the outstanding Voting Stock of the Parent on the Closing Date and to the extent such Investor, together with its Affiliates, would otherwise be an Affiliate Lender on the date of determination.
What bank institution is 004?
TD Canada Trust
List of financial institutions through which QPIP direct deposit services are available
| Institution number | Name |
|---|---|
| 001 | Bank of Montreal |
| 002 | Scotiabank |
| 003 | Royal Bank |
| 004 | TD Canada Trust |
Is RBC a financial institution?
RBC is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance, and creating value for our clients and communities.
What is difference between HST and GST?
Goods and Services Tax (GST)/Harmonized Sales Tax (HST), a value-added tax levied by the federal government. The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST.
What is GST Saskatchewan?
The current rates are: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon. 13% (HST) in Ontario. 15% (HST) in New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
What does permanent establishment mean in slfi regulations?
For purposes of the SLFI Regulations, including determining whether or not a listed financial institution is a prescribed financial institution, the term “permanent establishment” is defined in subsection 1 (1) of the SLFI Regulations to mean any permanent establishment that the person is deemed to have under section 3 of the SLFI Regulations and:
How are financial institutions attribution method ( slfi ) regulations?
Under section 9 of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations (SLFI Regulations), a financial institution is a prescribed financial institution throughout a reporting period in a particular fiscal year that ends in its tax year if the financial institution meets either of the following conditions:
When does a financial institution become a slfi?
6. Under subsection 225.2 (1), a financial institution is an SLFI throughout a reporting period in a fiscal year that ends in a taxation year of the financial institution if the financial institution is: a listed financial institution described in any of subparagraphs 149 (1) (a) (i) to (x) at any time in the taxation year; and
How much liquids can you carry in a carry on bag?
Pack items that are in containers larger than 3.4 ounces or 100 milliliters in checked baggage. Any liquid, aerosol, gel, cream or paste that alarms during screening will require additional screening. You may carry duty free liquids in secure, tamper–evident bags, more than 3.4 oz or 100 ml in your carry-on bag if: