gst/hst pension entity rebate application and election..."section€1€–€qualifying...

Protected B when completed

GST/HST Pension Entity Rebate Application and Election

Use this form if you are a pension entity (see definition on page 15) and:

• you want to apply for a goods and services tax/harmonized sales tax (GST/HST) pension entity rebate under section 261.01 of the Excise Tax Act (ETA); or

• you want to jointly elect to transfer some or all of the pension rebate amount to some or all of the qualifying employers (see definition on page 16) of the pension plan.

Note Do not use this form if you are a pension entity that is:

• a selected listed financial institution (SLFI) for both GST/HST and Quebec sales tax (QST) purposes or for QST purposes only. Instead, use Form RC7207, GST/HST Rebate Application and Election for GST/HST and QST Purposes for Pension Entities that are Selected Listed Financial Institutions; or

• an SLFI for GST/HST purposes only and you want to apply for a QST pension entity rebate under section 402.14 of An Act Respecting the Québec Sales Tax. Instead, use Form RC7207-1, QST Rebate Application and Election for Pension Entities that are Selected Listed Financial Institutions for GST/HST Purposes Only.

For more information, including the definition of an SLFI for GST/HST and/or QST purposes, go to canada.ca/gst-hst-financial-institutions. This rebate is proposed to be available to designated and specified pension entities of a master pension entity (see definitions on pages 14 and 16).

This form was created using information based, in part, on proposed amendments to the ETA. The publication of this form should not be taken as a statement by the Canada Revenue Agency that such amendments will in fact become law as proposed.

Part A – EligibilitySection 1 – Pension entity rebate eligibility

Answer the following questions to determine your eligibility to claim a pension entity rebate.1. a) Did listed financial institutions make 10% or more of the total employer contributions to the pension plan in the last

preceding calendar year in which employer contributions were made? Yes No

b) Is it reasonable to expect that listed financial institutions will make 10% or more of the total employer contributions to the pension plan in the next calendar year in which contributions will be made? Yes No

If you answered no to both of these questions, you qualify for the rebate in Part C. Determine your eligibility to make an election by answering the questions in Section 2 below.

If you answered yes to either of these questions, you do not qualify for the rebate. However, you may be eligible to make an election under Section 2 below, even if you do not qualify for the rebate.

Section 2 – Election eligibility

Answer the following questions to determine your eligibility to make an election to transfer pension rebate amounts to qualifying employers of the pension plan.If you determined that you are eligible to claim the rebate in Section 1, answer question 2. Otherwise, go to question 3.

2. Were all of your qualifying employers engaged exclusively in commercial activities throughout the claim period of the pension entity? Yes No

If yes, you can make an election under Part E. Go to question 5 below.

If no, go to question 3.

3. Were employer contributions made to the pension plan in the calendar year that immediately precedes the calendar year that includes the last day of the claim period (the "preceding calendar year")? Yes No

4. Were one or more qualifying employers of the pension plan an employer of one or more active members of the pension plan in the preceding calendar year? Yes No

If you answered yes to either of questions 3 or 4, you can make an election in Part F. Complete Part C to make the election, even if you are not eligible for the rebate.

If you answered no to both of questions 3 and 4, do not complete Part F, since the maximum elected shared portion will be zero.

5. Were you an SLFI throughout the entire claim period? Yes NoIf yes, and you are making an election in either Part E or Part F, complete the chart in Section 3 of Part E or Part F.

If no, do not complete the chart in Section 3 of Part E or Part F.

Part B – Identification Name of the pension entity Business number of the pension entity (if applicable)

Mailing address (Suite No – Street No, Street name, PO Box, RR) Pension plan number

City Province/Territory/State Country Postal/ZIP code

Name of administrator Telephone number Extension

Language of correspondence English French

Name of trustee or CEO of pension corporation Telephone number Extension

FOR INTERNAL USE ONLY

IC NC

RC4607 E (18) (Ce formulaire est disponible en français.)

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/specific-sectors/gst-hst-financial-institutions-including-selected-listed-financial-institutions.html


Part B – Identification (continued)Is the pension entity a GST/HST registrant? Yes No

Claim period of the pension entity: From

Year Month Day

to

Year Month Day

Is the pension plan a registered pension plan (RPP) or a pooled registered pension plan (PRPP)? RPP PRPP

For the claim period, was the pension entity part of a consolidated filing group of SLFI investment plans?

If yes, provide the name and business number of the consolidated filing group.Yes No

Name of the consolidated filing group Business number of the consolidated filing group

Complete the information below if the pension entity is a designated pension entity or specified pension entity of a pension plan that owns units or shares of a master pension entity (see definitions on pages 14 and 16).

Name of the master pension entity Business number of the master pension entity (if applicable)

Part C – Rebate calculation Enter the eligible amounts (see definition on page 14) in the appropriate boxes below. If you are an SLFI throughout the entire claim period, you can only enter the GST or the federal part of the HST to calculate the rebate.Note A pension entity rebate is not available to non-qualifying pension entities. However, to make the election in Part F, non-qualifying pension entities must calculate the rebate amount.

ATotal amount of GST/HST payable, or paid without having become payable by the pension entity for the claim period (see page 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Note The total on line A does not include amounts of GST/HST that the pension entity is deemed to have paid (other than on certain supplies of real property). For deemed amounts that are not included, see "Excluded amount" on page 15. If you are a designated pension entity of a pension plan (see definition) and wish to claim an amount of tax deemed to have been paid under proposed subsection 172.2(3) of the ETA in respect of amounts originally incurred by a master pension entity of the plan, complete Schedule B on page 10 and enter the result on Line E1 below.

BTotal amount of GST/HST deemed by section 172.1 of the ETA to have been paid by the pension entity . . . . . . . . . . . . + $

CTotal amount of GST/HST paid, payable, and deemed to be paid by the pension entity (add lines A and B) . . . . . . . . . = $

Subtract the following amounts included in Line C recovered or recoverable by the pension entity:

1Input tax credits (line 106 of the pension entity's GST/HST return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

2Any other rebate, refund, or remission recoverable under the ETA or any other Act of Parliament . . . . . . . . . . . . . . + $

3Any amount of GST/HST included in any adjustment, refund, or credit to the pension entity as a result of a credit note received or a debit note issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . + $

DTotal amount recovered or recoverable (add lines 1, 2, and 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

ELine C minus Line D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

E1If you are a designated pension entity of a pension plan, complete Schedule B and enter the amount from Line 7. If you are not a designated pension entity enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . + $

E2Add lines E and E1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

E3If the plan is a PRPP, enter the PRPP contribution percentage (from Line 3 of Schedule A on page 9) . . . . . . . . . . . %

E4If the plan is a PRPP, multiply Line E3 by Line E2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

FPension rebate amount (if an RPP, multiply Line E2 by 33% or, if a PRPP, multiply Line E4 by 33%) . . . . . . . . . . . . . = $

GIf you are making an election to transfer all or part of your pension rebate amount to all or some of the qualifying employers of the pension plan, enter the total of all elected shared portions, from Line 2 of Part E or Line 2 of Part F . . . – $

HNet pension rebate amount payable to qualifying pension entity (Line F minus Line G) . . . . . . . . . . . . . . . . . . . . . . . = $

Is the amount on Line H of this form being included on Line 111 of your GST/HST return? Yes No

If yes, enter the reporting period of that return: From

Year Month Day

to

Year Month Day


Part D – Pension entity certification

I, , certify that the information given in this application, including any accompanying document(s),

is, to the best of my knowledge, true, correct, and complete. The amounts claimed have not been previously rebated or refunded. I understand that this claim is subject to verification. I also understand that books, records, and invoices must be made available for inspection upon request.

(print name)

Signature of authorized person Title Year Month Day

Part E – Election (all employers engaged exclusively in commercial activities) Complete this part only if you answered yes to question 2 in "Section 2 – Election eligibility" in Part A.

All persons that are qualifying employers of the pension plan for the calendar year that includes the last day of the claim period must complete "Section 1 – Qualifying employer" and sign "Section 2 – Qualifying employer certification." If you answered yes to question 5 in "Section 2 – Election eligibility" in Part A, the pension entity must complete "Section 3 – Provincial part of the election".

The pension entity must complete lines 1 and 2 below by adding the elected shared portion (Line C) from each qualifying employer.

For more information, see page 12.

1Total number of qualifying employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

Total of all elected shared portions Add the elected shared portion from Line C in Section 1 below for each qualifying employer and enter the total on Line 2. The amount on line 2 should not be more than the pension rebate amount (Line F of Part C). Also, enter this amount on Line G of Part C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

This form provides space to list three qualifying employers. For each additional qualifying employer, add another page.

Section 1 – Qualifying employer Name of qualifying employer Business number

Reporting period of the qualifying employer's return (see page 12): From

Year Month Day

to

Year Month Day

APension rebate amount of pension entity for claim period (from Line F of Part C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

BShared percentage elected under subsection 261.01(5) of the ETA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %

CElected shared portion of the rebate that the qualifying employer may deduct in computing its net tax (multiply Line A by Line B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Section 2 – Qualifying employer certification

I, , certify that the information given in this election, including any accompanying document(s), is,

to the best of my knowledge, true, correct, and complete. The amounts claimed have not been previously rebated or refunded. I understand that this claim is subject to verification. I also understand that books, records, and invoices must be made available for inspection upon request.

(print name)


Section 3 – Provincial part of the election (for SLFI pension entities only)Complete the following chart for each qualifying employer of a pension entity that is an SLFI to determine their provincial elected shared portion of the election. The employer may deduct the amount entered on Line D below in computing its net tax. For more information, see "Provincial part of the election" and "Employer net tax deductions for elections made with pension entities that are SLFIs" on page 13.

Province

Column A

Elected shared portion – from

Line C ($)

Column B

Pension entity's provincial attribution

percentage for its claim period

Column C

Transitional factor (%)(see page 13)

Column D

Tax rate for the provincial part of

the HST (%)

Column E

Tax rate for the federal part of the HST (%)

Column F

Total ($)

= A × B × C × D ÷ E

New Brunswick – 8% rate % %


Newfoundland and Labrador – 8% rate % %


Nova Scotia %

Ontario %

Prince Edward Island – 9% rate % %


DProvincial elected shared portion (add all amounts from Column F) $




Year Month Day

to

Year Month Day


BShared percentage elected under subsection 261.01(5) of the ETA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %

CElected shared portion of the rebate that the qualifying employer may deduct in computing its net tax (multiply Line A by Line B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $




(print name)


Section 3 – Provincial part of the election (for SLFI pension entities only)Complete the following chart for each qualifying employer of a pension entity that is an SLFI to determine their provincial elected shared portion of the election. The employer may deduct the amount entered on Line D below in computing its net tax. For more information, see "Provincial part of the election" and "Employer net tax deductions for elections made with pension entities that are SLFIs" on page 13.

Province

Column A


Line C ($)

Column B



Column C


Column D


the HST (%)

Column E


Column F

Total ($)

= A × B × C × D ÷ E





Nova Scotia %

Ontario %



DProvincial elected shared portion (add all amounts from Column F) $


Part F – Election (some employers not engaged exclusively in commercial activities, or non-qualifying pension entity) Complete this part only if you answered yes to any part of question 1 in "Section 1 – Rebate eligibility" or no to question 2 in "Section 2 – Election eligibility" of Part A.

All persons that are qualifying employers of the pension plan for the calendar year that includes the last day of the claim period must complete "Section 1 –Qualifying employer" and sign "Section 2 – Qualifying employer certification." If you answered yes to question 5 in "Section 2 – Election eligibility" in Part A, the pension entity must complete "Section 3 – Provincial part of the election".

The pension entity must complete lines 1 and 2 below by adding the elected shared portion (Line E) from each qualifying employer.

For more information, see pages 12 and 13.

1Total number of qualifying employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

Total of all elected shared portions Add the elected shared portion from Line E in Section 1 below for each qualifying employer and enter the total on Line 2. The amount on line 2 should not be more than the pension rebate amount (Line F of Part C). Also, enter this amount on Line G of Part C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

This form provides space to list three qualifying employers. For each additional qualifying employer, add another page.



Year Month Day

to

Year Month Day


B

Employer's degree of participation in the pension plan – Only one of the following four instructions will apply:

• If you are an RPP and you answered yes to question 3 in Section 2 of Part A, enter on Line B the percentage of all employer contributions made in the preceding calendar year that were made by the qualifying employer.

• If you are a PRPP and you answered yes to question 3 in Section 2 of Part A, enter the percentage determined by dividing the sum of all employer contributions made by the qualifying employer in the preceding calendar year and employee PRPP contributions made by employees of the qualifying employer in that same year by all amounts contributed to the PRPP in the preceding calendar year.

• If you answered no to question 3 and yes to question 4 in Section 2 of Part A, enter on Line B the percentage determined by dividing the number of employees of the qualifying employer who were active members of the pension plan in the preceding calendar year by the total number of employees of all qualifying employers who were active members in that year.

• If you answered no to both question 3 and question 4 in Section 2 of Part A, enter zero on Line B.

%

CMaximum shared portion (multiply Line A by Line B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

DShared percentage elected under subsection 261.01(6) or (9) of the ETA (non-qualifying pension entities electing under subsection 261.01(9) enter 100% for this line). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %

EElected shared portion of the employer (multiply Line C by Line D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $




(print name)



Section 3 – Provincial part of the election (for SLFI pension entities only)Complete the following chart for each qualifying employer of a pension entity that is an SLFI to determine their provincial elected shared portion of the election. The employer may deduct the amount entered on Line F below in computing its net tax. For more information, see "Provincial part of the election" and "Employer net tax deductions for elections made with pension entities that are SLFIs" on page 13.

Province

Column A


Line E ($)

Column B



Column C


Column D


the HST (%)

Column E


Column F

Total ($)

= A × B × C × D ÷ E





Nova Scotia %

Ontario %



FProvincial elected shared portion (add all amounts from Column F) $



Year Month Day

to

Year Month Day


B

Employer's degree of participation in the pension plan – Only one of the following four instructions will apply:

• If you are an RPP and you answered yes to question 3 in Section 2 of Part A, enter on Line B the percentage of all employer contributions made in the preceding calendar year that were made by the qualifying employer.

• If you are a PRPP and you answered yes to question 3 in Section 2 of Part A, enter the percentage determined by dividing the sum of all employer contributions made by the qualifying employer in the preceding calendar year and employee PRPP contributions made by employees of the qualifying employer in that same year by all amounts contributed to the PRPP in the preceding calendar year.

• If you answered no to question 3 and yes to question 4 in Section 2 of Part A, enter on Line B the percentage determined by dividing the number of employees of the qualifying employer who were active members of the pension plan in the preceding calendar year by the total number of employees of all qualifying employers who were active members in that year.

• If you answered no to both question 3 and question 4 in Section 2 of Part A, enter zero on Line B.

%

CMaximum shared portion (multiply Line A by Line B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

DShared percentage elected under subsection 261.01(6) or (9) of the ETA (non-qualifying pension entities electing under subsection 261.01(9) enter 100% for this line). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %

EElected shared portion of the employer (multiply Line C by Line D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $




(print name)



Section 3 – Provincial part of the election (for SLFI pension entities only)Complete the following chart for each qualifying employer of a pension entity that is an SLFI to determine their provincial elected shared portion of the election. The employer may deduct the amount entered on Line F below in computing its net tax. For more information, see "Provincial part of the election" and "Employer net tax deductions for elections made with pension entities that are SLFIs" on page 13.

Province

Column A


Line E ($)

Column B



Column C


Column D


the HST (%)

Column E


Column F

Total ($)

= A × B × C × D ÷ E





Nova Scotia %

Ontario %



FProvincial elected shared portion (add all amounts from Column F) $

Schedule A (only for a pooled registered pension plan)Answer the following questions to determine the PRPP contribution percentage to be reported on Line E3 of Part C. For more information, see instructions on page 14.

1. Were either employer contributions or employee PRPP contributions made in the last calendar year ending on or before the last day of the claim period?

Yes No

If yes, enter on Line 1 the total of the employer contributions and employee PRPP contributions made in that calendar year. On Line 2, enter the total of all amounts contributed in that calendar year, including those reported on Line 1.

If no, go to question 2.

2. If no employer contributions or employee PRPP contributions were made in the calendar year referred to in question 1, is it reasonable to expect that employer contributions will be made in a following calendar year? Yes No

If yes, enter on Line 1 the total of the employer contributions and employee PRPP contributions reasonably expected to be made in the first such following calendar year. On Line 2, enter the total of all amounts reasonably expected to be contributed in that following calendar year, including those reported on Line 1.

If no, enter zero on Line 3.

1Sum of employer contributions and employee PRPP contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

2Total contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

3PRPP contribution percentage (divide Line 1 by Line 2 and enter the resulting percentage on Line E3 of Part C) . . . . . . = %


Schedule B (only for a designated pension entity of a pension plan)Use this schedule to calculate an amount of tax deemed to have been paid by a designated pension entity of a pension plan that was originally incurred by a master pension entity of the pension plan. Note If you are an SLFI throughout the entire claim period, you can only enter the GST or the federal part of the HST in the following lines.

1GST/HST payable or paid without having become payable, by the master pension entity of the pension plan during the claim period of the designated pension entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

2Total of all amounts contained in Line 1 that are “excluded amounts” (see the definition on page 15). . . . . . . . . . . . . . . – $

3Subtract Line 2 from Line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

Subtract the following amounts that were included in Line 3 and were recovered or are recoverable by the master pension entity:

AInput tax credits that the master pension entity is entitled to claim . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

BAny rebate, refund, or remission that is recoverable by the master pension entity under the ETA or any other Act of Parliament. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . + $

CAny amount of GST/HST included in any adjustment, refund, or credit to the master pension entity as a result of a credit note received or a debit note issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . + $

4Total amount recovered or recoverable by the master pension entity (add lines A, B, and C). . . . . . . . . . . . . . . . . = $

5Subtract Line 4 from Line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $

Calculate the master pension factor in respect of the pension plan:

DTotal value, on the first day of the fiscal year of the master pension entity, of its units or shares that are held by pension entities of the pension plan on that day . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

ETotal value, on the first day of the fiscal year, of the units or shares of the master pension entity . . . . . . . . . . . . . . ÷ $

6Master pension factor (divide Line D by Line E) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %

7Tax deemed paid by the designated pension entity (multiply Line 5 by Line 6 and enter the result on Line E1 of Part C) . = $

Personal information is collected under the Excise Tax Act to administer tax, rebates, and elections. It may also be used for any purpose related to the enforcement of the Act such as audit, compliance and collection activities. It may be shared or verified with other federal, provincial, territorial or foreign government institutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties or other actions. Under the Privacy Act, individuals have the right to: access their personal information; request corrections; or, file a complaint to the Privacy Commissioner of Canada regarding the handling of the individual's personal information. Refer to Personal Information Bank CRA PPU 241 on Info Source at canada.ca/cra-info-source.

General informationWho should complete this form?Use this form if you are a pension entity (including a designated or specified pension entity - see definitions on pages 14 and 16) and you want to apply for the pension entity rebate. You can also use this form to elect to transfer some or all of the pension entity rebate amount to some or all of the qualifying employers of the pension plan.

Note Do not use this form if you are a pension entity that is:

• a selected listed financial institution (SLFI) for both GST/HST and Quebec sales tax (QST) purposes or for QST purposes only. Instead, use Form RC7207, GST/HST Rebate Application and Election for GST/HST and QST Purposes for Pension Entities that are Selected Listed Financial Institutions; or

• an SLFI for GST/HST purposes only and you want to apply for a QST pension entity rebate under section 402.14 of An Act Respecting the Québec Sales Tax. Instead, use Form RC7207-1, QST Rebate Application and Election for Pension Entities that are Selected Listed Financial Institutions for GST/HST Purposes Only.

Each pension entity that is a member of a consolidated filing group of SLFI investment plans must file its own rebate application using its own provincial attribution percentage. A rebate application related to two or more pension entities will be denied. Each rebate application must also be filed with the correct pension plan number for that pension entity.

Claim periodsThe claim period of a pension entity is:

• if a person is at any time a GST/HST registrant, its reporting period that includes that time; and

• if a person is not a GST/HST registrant, the first six months of its fiscal year or the last six months of its fiscal year.

A pension entity can make only one application for a rebate for any particular claim period of the pension entity. Also, only eligible amounts incurred in the claim period may be used to calculate the rebate.

When do you have to file your rebate application? File this rebate application within two years after the day that is:

• if the pension entity is a GST/HST registrant, the day on or before which the pension entity must file a GST/HST return for the claim period; or

• in any other case, the last day of the claim period.

Part A – EligibilitySection 1 – Rebate eligibilityTo determine your eligibility for this rebate, answer the questions in Section 1 of Part A.

A qualifying pension entity may claim a pension rebate amount equal to 33% of all eligible amounts. The pension rebate amount should not include any amounts of GST/HST otherwise recovered or recoverable, and must be reduced by any amounts that the pension entity elects to transfer to some or all of its qualifying employers.

Section 2 – Election eligibilityTo determine the type of election available to your pension entity, answer the questions in Section 2 of Part A.

In general, pension entities may elect to allow the qualifying employers of the pension plan to benefit from the pension rebate amount by making the appropriate election. An election may be available to:

• qualifying pension entities where all of their qualifying employers are engaged exclusively in commercial activities (Part E of this form);

• qualifying pension entities where any of their qualifying employers are not engaged exclusively in commercial activities (Part F of this form); or

• non-qualifying pension entities (Part F of this form).

Note Although a non-qualifying pension entity is not entitled to claim a pension entity rebate, it may still elect to allow the qualifying employers of the pension plan to benefit from the rebate that it could have claimed had it been a qualifying pension entity. Non-qualifying pension entities making an election must also complete Part C of this form.

Part B – IdentificationA pension entity claiming a pension entity rebate or making an election or doing both must provide all the required information we need to process the request. The administrator, trustee, or CEO of the pension corporation is the person authorized to certify the application on behalf of the pension entity and may be contacted, if required, during the processing of the application.

Part C – Rebate calculationPension entities that are SLFIs can only enter amounts that are for the GST or the federal part of the HST when completing Part C. An SLFI uses the special attribution method (SAM) formula to calculate its tax liability for the provincial part of the HST for participating provinces. The SAM formula includes adjustments for the amount of the provincial part of the HST that would otherwise be claimed through a pension entity rebate.

If a pension entity is not an SLFI, it can enter the GST incurred in a non-participating province or the federal and provincial parts of the HST incurred in a participating province.

Line A – Enter the total amount of GST/HST payable, or paid without having become payable, by the pension entity for the claim period specified in Part B (the specified claim period). For more information, see "Eligible amount" on page 14 and "Excluded amount" on page 15.

Line B – Enter the total amount of GST/HST deemed to have been paid by the pension entity on a deemed taxable supply by an employer of the pension plan under any of subsections 172.1(5) to (7.1) of the ETA for the specified claim period. The figures used to determine the deemed tax paid should be obtained from the employer. For more information, see GST/HST Notice 257, The GST/HST Rebate for Pension Entities and GST/HST Notice 304, GST/HST Pension Plan Rules for Master Trusts.

Line C – Add lines A and B, and enter the total on Line C. This is the total amount of GST/HST paid or payable and of the GST/HST that was deemed to have been paid by the pension entity for the specified claim period.

The amount on Line C must be reduced by any recoverable amount of GST/HST for the specified claim period (lines 1, 2, and 3).

Line 1 – Enter the amounts that are included in determining an input tax credit of the pension entity for the claim period (Line 106 of the pension entity's GST/HST return).

Line 2 – Enter the amounts the pension entity was entitled to recover through a rebate, refund, or remission under the ETA or any other Act of Parliament.Line 3 – Enter the amounts of GST/HST that could reasonably be regarded as having been included in an amount adjusted, refunded, or credited in favour of the pension entity as a result of credit notes received or debit notes issued.

Line D – Add lines 1, 2, and 3, and enter the total on Line D.

Line E – Subtract Line D from Line C and enter the result on Line E.

Line E1 – Enter the total amount of GST/HST deemed to have been paid by a designated pension entity under proposed subsection 172.2(3) of the ETA. You determine this amount by completing Schedule B. If you are not a designated pension entity of a pension plan enter zero.

Line E2 – Add lines E and E1 and enter the total on Line E2.

Line E3 – If the pension plan is a pooled registered pension plan (PRPP), enter the percentage that represents the PRPP contribution. This percentage is calculated in Schedule A on page 9.

Line E4 – If the plan is a PRPP, multiply Line E3 by Line E2 and enter the result on Line E4.

Line F – If the pension plan is a registered pension plan (RPP), multiply the amount on Line E2 by 33% or, if it is a PRPP, multiply Line E4 by 33%. Enter the result on Line F. This is the pension rebate amount of the pension entity.

If the pension entity and its qualifying employers make one of the elections described previously, the amount on Line F will be used in Section 1 of Part E or Part F, to calculate the amount of the rebate that the pension entity elects to transfer to the qualifying employers of the pension plan.

Line G – Enter the total of all elected shared portions (Line 2 of Part E and Line 2 of Part F). If you are not making an election, enter zero.

Line H – Subtract Line G from Line F and enter the result on Line H. This is the net amount of the pension entity rebate that is payable to the pension entity after deducting the total of all elected shared portions. If the pension entity is a registrant and wants to offset an amount owing by this amount, it should report this amount on Line 111 of its GST/HST return and this form should be sent with the return. When an electronic GST/HST return is filed, this form has to be mailed to us no later than the day the return is electronically filed, to the address shown on page 16.

Part D – CertificationThe pension entity must complete this section. If this area is not completed, the claim may be rejected or the processing of the application and any elections may be delayed.

Part E – ElectionUse Part E when all qualifying employers of a pension plan are engaged exclusively in commercial activities. A qualifying employer of a pension plan is engaged exclusively in commercial activities throughout the claim period of a pension entity of the pension plan if:

• in the case of a qualifying employer that is a financial institution at any time in the claim period, all of the activities of the qualifying employer for the claim period are commercial activities; and

• in any other case, all or substantially all of the activities of the qualifying employer for the claim period are commercial activities.

If you determined that you are eligible to claim the rebate in Part C and you answered yes to question 2 in Section 2 of Part A, you may complete Part E.

The pension entity completes lines 1 and 2 using the totals from the information entered by the qualifying employers in Section 1.

Line 1 – Enter the total number of qualifying employers in the pension plan.

Line 2 – Add together the total of all shared portions for each qualifying employer that calculated an amount on Line C and enter the total on this line. This amount must also be entered on Line G of Part C.

Note The total of all qualifying employers' portions should not be more than the pension rebate amount entered on Line F in Part C.

If there are more than three qualifying employers, add another page for each additional qualifying employer of the pension entity completing Part E.

Section 1 – Qualifying employerEach qualifying employer must complete this section, even if its elected shared portion is zero.

Reporting period of employer's return – Enter the reporting period of the qualifying employer's GST/HST return or GST/HST and QST return, as appropriate, in which the election is filed.

Line A – Enter the pension rebate amount from line F in Part C.

Line B – Enter the shared percentage elected under subsection 261.01(5) of the ETA. This is the extent, expressed as a percentage, to which the qualifying employer will share in the pension rebate amount.

Line C – Multiply Line A by Line B and enter the result on Line C. This is the portion of the pension rebate amount that the pension entity will share with the qualifying employer.

Note If an election has been made in Part E, see the sections on employer net tax deductions for elections made with pension entities on page 13.

Section 2 – Qualifying employer certificationEach qualifying employer must sign this section, even if its elected shared portion is zero.

Section 3 – Provincial part of the electionThe pension entity must complete this section if it answered yes to question 5 in Section 2 of Part A (for more information, see "Provincial part of the election" on page 13).

Part F – ElectionComplete Part F when:

• any employer of a pension plan is not engaged exclusively in commercial activities; or

• a pension entity of a pension plan is a non-qualifying pension entity.

If you answered yes to any part of question 1 in Section 1 of Part A or no to question 2 in Section 2 of Part A, you may complete Part F.

The pension entity completes lines 1 and 2 using the totals from the information entered by the qualifying employers in Section 1.

Line 1 – Enter the number of qualifying employers that are in the pension plan.

Line 2 – Add together the total of all shared portions for each qualifying employer that calculated an amount on Line E and enter the total on this line. This amount must also be entered on Line G of Part C.

Note The total of all qualifying employers’ portions should not be more than the pension rebate amount entered on Line F in Part C.

If there are more than three qualifying employers, add another page for each additional qualifying employer of the pension entity completing Part F.

Section 1 – Qualifying employerEach qualifying employer must complete this section, even if its elected shared portion is zero.

Reporting period of employer's return – Enter the reporting period of the qualifying employer's GST/HST return or GST/HST and QST return, as appropriate, in which the election is filed.

Line A – Enter the pension rebate amount from Line F in Part C. Although non-qualifying pension entities are not entitled to a rebate, they must still complete Part C to determine the amount for Line A.

Line B – Enter the employer’s degree of participation in the pension plan, expressed as a percentage. Follow the instructions for completing Line B based on your situation.

Note Amounts transferred under the election in Part F are limited to the employers’ "degree of participation" in the pension plan.

Line C – Multiply Line A by Line B and enter the result on Line C. This is the maximum shared portion of the pension rebate amount that can be transferred to the particular employer. Line D – Enter the percentage of Line C that the parties agree to transfer to the employer under subsection 261.01(6) or (9) of the ETA. The parties may agree to transfer to the employer anywhere from 0% to 100% of the amount shown on Line C. For employers of non-qualifying pension entities, this amount will always be 100%, since a non-qualifying pension entity may not claim a pension entity rebate.

Line E – Multiply Line C by Line D and enter the result on Line E.

Note If an election has been made in Part F, see the sections on employer net tax deductions for elections made with pension entities on this page.

Section 2 – Qualifying employer certificationEach qualifying employer must sign this section, even if its elected shared portion is zero.

Section 3 – Provincial part of the electionThe pension entity must complete this section if it answered yes to question 5 in Section 2 of Part A (for more information, see "Provincial part of the election" below).

Provincial part of the electionPension entities that are SLFIs can only enter amounts that are for the GST and the federal part of the HST when determining their pension rebate amount in Part C. They calculate their elected shared portions under Part E or Part F using the GST and the federal part of the HST only.

To allow a qualifying employer of an SLFI pension entity to benefit from the relevant provincial amounts, the parties must complete the election by calculating the provincial elected shared portions.

Note A pension entity that is not an SLFI should not complete the provincial part of the election since the pension rebate amount determined in Part C (and used to calculate the elected shared portions in Part E or Part F) already includes the provincial parts of the HST of the entity.

Column A – Enter the amount determined for the corresponding qualifying employer from Line C of Part E or Line E of Part F, whichever applies. Column B – Enter the pension entity's provincial attribution percentage for each province. This amount will be the same provincial attribution percentage that the entity would report for each province, for the claim period, on Form GST494, Goods and Services Tax/Harmonized Sales Tax (GST/HST) Final Return for Selected Listed Financial Institutions, provided that the information in the GST494 return was not filed on a consolidated basis for a consolidated filing group of SLFI investment plans. If the information was filed on a consolidated basis, each pension entity in the consolidated filing group would use its own attribution percentage for each participating province, not the attribution percentage that would be reported for the group on the GST494 return. For more information, see "Provincial attribution percentage" on page 16.

Column C – Effective July 1, 2016, the provincial part of the HST is increased from 8% to 10% for both New Brunswick and Newfoundland and Labrador. Accordingly, the pension entity must calculate a transitional factor for New Brunswick and Newfoundland and Labrador. In the row "New Brunswick – 8% rate" or "Newfoundland and Labrador – 8% rate", enter the percentage determined by dividing the number of days in the claim period that are before July 1, 2016, by the total number of days in the claim period. In the row marked "New Brunswick – 10% rate" or "Newfoundland and Labrador – 10% rate", enter the percentage determined by the number of days in the claim period that are after June 30, 2016, by the total number of days in the claim period.

Effective October 1, 2016, the provincial part of the HST is increased from 9% to 10% for Prince Edward Island. Accordingly, the pension entity must calculate a transitional factor for Prince Edward Island. In the row "Prince Edward Island – 9% rate" enter the percentage determined by dividing the number of days in the claim period that are before October 1, 2016, by the total number of days in the claim period. In the row marked "Prince Edward Island – 10% rate" enter the percentage determined by the number of days in the claim period that are after September 30, 2016, by the total number of days in the claim period.

Column D – Is the tax rate for the provincial part of the HST for each of the participating provinces.

Column E – Is the tax rate for the federal part of the HST for each of the participating provinces.

Column F – Multiply columns A, B, C, and D together and divide the result by column E (5%).

Provincial elected shared portion – Enter on Line D in Part E or on Line F in Part F the total of all amounts from column F.

Employer net tax deductions for elections made with pension entities that are SLFIsIf a pension entity is an SLFI and an election has been made in Part E of this form, each qualifying employer may reduce its net tax by an amount equal to the sum of its elected shared portion (Line C of Section 1 of Part E) and its provincial elected shared portion (Line D of Part E). The employer may report the amount of this net tax deduction as an adjustment on its GST/HST return for the reporting period in which the pension entity files the election.

Each qualifying employer of an SLFI pension entity making an election in Part F of this form may also take a net tax deduction. However, the amount of each employer’s deduction is calculated by first adding the sum of its elected shared portion (Line E of Part F) and its provincial elected shared portion (Line F of Part F), then multiplying this total by the employer’s tax recovery rate (see GST/HST Notice 257). The amount of the deduction may be shown as an adjustment to net tax on the employer’s GST/HST return for the reporting period in which the pension entity files the election.

Employer net tax deductions for elections made with pension entities that are not SLFIsIf a pension entity is not an SLFI and an election has been made under Part E of this form, each qualifying employer may reduce its net tax by an amount equal to its elected shared portion (Line C of Part E). The employer may report the amount of this net tax deduction as an adjustment on its GST/HST return for the reporting period in which the pension entity files the election.Each qualifying employer of a pension entity that is not an SLFI making an election in Part F of this form may also take a net tax deduction. However, the amount of each employer’s deduction is calculated by multiplying its elected shared portion (line E of Part F) by its tax recovery rate (see GST/HST Notice 257). The amount of the deduction may be shown as an adjustment to net tax on the employer’s GST/HST return for the reporting period in which the pension entity files the election.

Schedule A (only for a pooled registered pension plan)This schedule must be completed by a PRPP.

If there were employer contributions or employee PRPP contributions made in the last calendar year ending on or before the last day of the claim period, enter the total of the employer contributions and employee PRPP contributions made in that calendar year on Line 1.

On Line 2, enter the total of all amounts contributed in that calendar year, including those reported on Line 1.

On Line 3, calculate the PRPP contribution percentage by dividing the amount on Line 1 by the amount on Line 2 and enter this amount on Line E3 of Part C.

If no employer contributions or employee PRPP contributions were made in the calendar year referred to in question 1, and it was reasonable to expect that employer contributions will be made in a following calendar year, enter the total of the employer contributions and employee PRPP contributions reasonably expected to be made in the first such following calendar year on Line 1.

On Line 2, enter the total of all amounts reasonably expected to be contributed in that following calendar year, including those reported on Line 1.On Line 3, calculate the PRPP contribution percentage by dividing the amount on Line 1 by the amount on Line 2 and enter this amount on Line E3 of Part C.

If no employer contributions or employee PRPP contributions were made in the calendar year referred to in question 1, and it is not reasonable to expect that employer contributions will be made in a following calendar year, enter zero on Line 3.

Schedule B (only for a designated pension entity of a pension plan)Use this schedule to calculate an amount of tax deemed to have been paid by a designated pension entity of a pension plan that was originally incurred by the master pension entity of the plan. If the designated pension entity is an SLFI throughout the entire claim period, it can only enter the GST or the federal part of the HST in Schedule B.Line 1 – Enter the total amount of GST/HST payable or paid without having become payable, by the master pension entity of the pension plan during the claim period of the designated pension entity.

Line 2 – Enter the total of all amounts included on Line 1 that are "excluded amounts". For a list of "excluded amounts", see the definition on page 15.

Line 3 – Subtract the amount on Line 2 from the amount on Line 1.

The amount on Line 3 must be reduced by any amount of GST/HST recoverable by the master pension entity for the claim period of the designated pension entity (lines A, B, and C).

Line A – Enter the total amount of input tax credits that the master pension entity is entitled to claim.

Line B – Enter the total amount that the master pension entity was entitled to recover through any rebate, refund, or remission under the ETA or any other Act of Parliament.

Line C – Enter any amount of GST/HST included in any adjustment, refund, or credit to the master pension entity as a result of a credit note received or a debit note issued.Line 4 – Enter the total amount recovered or recoverable by the master pension entity. Add lines A, B, and C.

Line 5 – Subtract the amount on Line 4 from the amount on Line 3.

Line D – Enter the total value, on the first day of the fiscal year of the master pension entity, of the units or shares that are held by pension entities of the pension plan on that day.Line E – Enter the total value, on the first day of the fiscal year, of the units or shares of the master pension entity.

Line 6 – Calculate the master pension factor by dividing the amount on Line D by the amount on Line E. Enter the resulting percentage on Line 6.Line 7 – Determine the tax deemed to have been paid by the designated pension entity by multiplying Line 5 by Line 6. Enter the result on Line E1 of Part C.

DefinitionsActive member – of a pension plan in a calendar year means a member of the plan to whom benefits accrue under a defined benefit provision of the plan for all or any part of the year or who makes contributions, or on whose behalf contributions are made, in relation to the year under a money purchase provision of the plan.

Defined benefits pension plan – is proposed to mean the part of a pension plan that is in respect of benefits under the plan that are determined in accordance with a formula set forth in the plan and under which the employer contributions are not determined in accordance with a formula set forth in the plan.

Defined contribution pension plan – is proposed to mean the part of a pension plan that is not a defined benefits pension plan.

Designated pension entity – is proposed to mean:

• in the case of a master pension entity of a pension plan having only one pension entity, that pension entity of the pension plan; and

• in the case of a master pension entity of a pension plan having two or more pension entities and if a joint election has been made under proposed subsection 172.2(4) of the ETA and is in effect between the master pension entity and one of the pension entities, that pension entity of the pension plan.

Eligible amount – means an amount of tax that is included in a pension entity’s pension rebate amount for a claim period of the entity. All recoverable amounts described in the instructions for Part C on pages 11 and 12 are excluded.

Eligible amounts reported on Line A of Part C of this form include amounts of tax that became payable, or were paid without having become payable, by the pension entity during the claim period for a property or a service that the pension entity acquired, imported, or brought into a participating province for consumption, use, or supply in respect of a pension plan. These eligible amounts of tax are net of any excluded amount (see definition on page 15) of the pension entity.

Eligible amounts reported on Line E1 of Part C include amounts of tax that became payable, or were paid without becoming payable by a master pension entity but that were deemed paid by a designated pension entity under proposed subsection 172.2(3) of the ETA. These eligible amounts of tax are net of any excluded amount (see definition on page 15) of the master pension entity, any amount recovered or recoverable by the master pension entity as an input tax credit, rebate, refund, remission, and any amount credited or refunded to the master pension entity. Eligible amounts reported on Line E1 must be calculated using Schedule B.

Eligible amounts reported on Line B of Part C of the form include amounts of tax that are deemed to have been paid by the pension entity on a deemed taxable supply by an employer of the pension plan during the claim period under any of subsections 172.1(5) to (7.1) of the ETA. The amounts used to determine the deemed tax paid should be obtained from the employer. For more information on calculating the deemed tax paid, see GST/HST Notice 257.

Employee PRPP contribution – means a contribution by an employee of an employer to a PRPP that:

(a) may be deducted by the employee under paragraph 60(i) of the Income Tax Act (ITA) in computing their income; and

(b) is remitted by the employer to the PRPP administrator of the plan under a contract with the PRPP administrator in respect of all or a class of its employees.

Employer contribution – means a contribution by an employer to a pension plan that may be deducted by the employer under paragraph 20(1)(q) of the ITA in computing its income.

Excluded amount – means the following amounts which are excluded from being an eligible amount and should not be included on Line A of Part C or Line 2 of Schedule B:

• An amount of GST/HST the pension entity is deemed to have paid. For example, a pension entity may be deemed to have paid tax if the pension entity decreased the use of, or stopped using, capital property in its commercial activities or if the pension entity paid an allowance or reimbursement to an employee.

Note If the pension entity was deemed to have paid tax for a self-supply of a residential complex, an addition to a multiple unit residential complex, or land, the amount of that tax is an eligible amount and can be included on Line A of Part C unless the pension entity was entitled to claim a GST/HST new residential rental property rebate for that tax (or would be entitled to claim that rebate after paying that tax).

• An amount of GST/HST that became payable, or was paid without having become payable, by the pension entity at a time when it was entitled to claim a public service body rebate for charities, substantially government-funded non-profit organizations, and other public services bodies, such as universities, public colleges, school authorities, hospital authorities, and municipalities.

• An amount of GST/HST that was payable by the pension entity for a taxable acquisition of a residential complex, an addition to a multiple unit residential complex, or land if the pension entity was entitled to claim a GST/HST new residential rental property rebate for that tax (or would be entitled to claim that rebate after paying that tax).

• If the pension entity is an SLFI throughout the claim period, amounts of tax that are payable for the provincial part of the HST.

Listed financial institution – A person is a listed financial institution throughout a particular tax year if at any time in the particular year the person is:

• a bank;

• a corporation that is authorized under the laws of Canada or a province to carry on in Canada the business of offering to the public its services as a trustee;

• a person whose principal business is as a trader or dealer in, or as a broker or salesperson of, financial instruments or money;

• a credit union;

• an insurer;

• a segregated fund of an insurer;

• the Canada Deposit Insurance Corporation;

• a person whose principal business is the lending of money or the purchasing of debt securities or a combination of the two activities;

• an investment plan (this includes (1) a trust that is governed by an RPP or a PRPP and (2) a corporation that is a pension entity of an RPP or a PRPP);

• a tax discounter; or

• a corporation deemed to be a financial institution, where an election has been made to have supplies between members of a closely related group treated as exempt supplies of financial services and that election is in effect.

For more information, see GST/HST Memorandum 17.6, Definition of "Listed Financial Institution."

Master pension entity – of a pension plan is proposed to mean a person that is not a pension entity and is either:

• a corporation described in paragraph 149(1)(o.2) of the Income Tax Act (ITA), one or more shares of which are owned by a pension entity of the pension plan; or

• a trust described in paragraph 149(1)(o.4) of the ITA, one or more units of which are owned by a pension entity of the pension plan.

Non-qualifying pension entity – means a pension entity that is not a qualifying pension entity.

Participating employer – of a pension plan generally means an employer that has made, or is required to make, contributions to the plan for its employees or former employees. An employer that made pension contributions to a pension plan that is an RPP or a PRPP in the past will remain a participating employer for that pension plan even if it does not currently make contributions. In the case of an RPP, a participating employer also means an employer prescribed under subsection 8308(7) of the Income Tax Regulations which describes certain cases where an employee of one employer renders services to, and receives remuneration from, another employer.

In the case of a PRPP, a participating employer also means an employer that has remitted, or is required to remit, to the PRPP administrator of the pension plan, contributions made by members of the pension plan under a contract with the PRPP administrator in respect of all or a class of its employees.

Pension entity – of a pension plan means a person in respect of the pension plan that is:

• a trust governed by the pension plan;

• a corporation referred to in paragraph (b) of the definition of "pension plan"; or

• a prescribed person. (At this time there are no prescribed persons.)

Pension plan – means an RPP or a PRPP:

(a) that governs a trust;

(b) for which a corporation:

• is incorporated and operated either:

– solely for the administration of the plan; or

– for the administration of the plan and for no other purpose other than acting as trustee of, or administering, a trust governed by a retirement compensation arrangement (as defined in subsection 248(1) of the ITA), where the terms of the arrangement provide for benefits only in respect of individuals who are provided with benefits under the plan;

• in the case of an RPP, is accepted by the Minister of National Revenue, under subparagraph 149(1)(o.1)(ii) of the ITA, as a funding medium for the registration of the RPP; and

• in the case of a PRPP, is a corporation:

– that is described in paragraph 149(1)(o.2) of the ITA; and

– all of the shares, or rights to acquire shares, of the capital stock of which are owned, at all times since the date it was incorporated, by the PRPP; or

(c) for which a person is prescribed for the purposes of the "pension entity" definition.

Pooled registered pension plan (PRPP) – means a plan accepted as such by the Minister of National Revenue for the purposes of the ITA and whose registration has not been revoked.

Provincial attribution percentage – pension entities that are SLFIs are required to make an adjustment to their net tax using the special attribution method (SAM) formula.

A pension entity calculates its provincial attribution percentage (Element C of the SAM formula) for each participating province using the applicable formula for:

• defined contribution plans;

• defined benefits plans; or

• plans that are part defined contribution and the remaining part is defined benefits.

The provincial attribution percentage is entered in column B of the chart in Section 3 of Part E or Part F of the form.

For more information, see GST/HST Technical Information Bulletin B-107, Investment Plans (Including Segregated Funds of an Insurer) and the HST.

PRPP administrator – means:

• a corporation resident in Canada that is responsible for the administration of the plan and that is authorized under the Pooled Registered Pension Plans Act or a similar law of a province to act as an administrator for one or more pooled pension plans; or

• an entity designated in respect of the plan under section 21 of the Pooled Registered Pension Plans Act or any provision of a law of a province that is similar to that section.

Qualifying employer – of a pension plan for a calendar year means a participating employer of the pension plan that is a registrant and that:

• made employer contributions to the pension plan in the immediately preceding calendar year; and

• in any other case, was the employer of one or more active members of the pension plan in the immediately preceding calendar year.

Qualifying pension entity – means a pension entity of a pension plan other than a pension plan for which:

• listed financial institutions made 10% or more of the total employer contributions to the pension plan in the last preceding calendar year in which employer contributions were made to the pension plan; or

• it can reasonably be expected that listed financial institutions will make 10% or more of the total employer contributions to the pension plan in the next calendar year in which employer contributions will be required to be made to the pension plan.

Registered pension plan (RPP) – means a plan accepted as such by the Minister of National Revenue for the purposes of the ITA and whose registration has not been revoked.

Selected listed financial institution – a pension entity of a pension plan would be considered to be an SLFI throughout a reporting period in a fiscal year that ends in a tax year of the pension entity if, at any time in the tax year, the pension entity has one or more plan members resident in a participating province and one or more plan members resident in any other province. However, there are exceptions to this rule. For example, a pension entity would not be considered to be an SLFI where throughout the preceding tax year, less than 10% of the total plan members of the pension entity are resident in participating provinces and, generally, throughout the preceding fiscal year the total value of the actuarial liabilities of a defined benefits plan or the assets of a pension entity other than a defined benefits plan, attributed to plan members resident in the participating provinces is less than $100 million. Other exceptions apply in certain situations where a pension entity is a qualifying small investment plan for a particular fiscal year.

Notes For purposes of this definition, plan member means an individual who has a right, either immediate or in the future and either absolute or contingent, to receive benefits under the pension plan.

For more information, see GST/HST Memorandum 17.6.1, Definition of "Selected Listed Financial Institution".

Specified pension entity – means:

• in the case of a participating employer of a pension plan having only one pension entity, that pension entity of the pension plan;

• in the case of a participating employer of a pension plan having two or more pension entities and if a joint election has been made under subsection 172.1(4) of the ETA and is in effect between the employer and one of the pension entities, that pension entity of the pension plan.

Specified resource – is proposed to mean property or a service that is acquired by a person for the purpose of making a supply of all or part of the property or service to a pension entity or a master pension entity of a pension plan of which the person is a participating employer.

Where do you send this form?Send this rebate application and election form to:

Prince Edward Island Tax Centre 275 Pope Road Summerside PE C1N 6A2

What if you need help?For more information, go to canada.ca/gst-hst, see GST/HST Notices 257 and 304, or call 1-855-666-5166.

To get forms and publications, go to canada.ca/gst-hst-pub or call 1-800-959-5525.

https://www.canada.ca/en/services/taxes/gsthst.html

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-related-forms-publications.html

gst/hst pension entity rebate application and election..."section€1€–€qualifying...

Documents