Distributed investment plans (DIPs), which include investment limited partnerships, that are a selected listed financial institution (SLFI) are required to obtain information from investors to determine the plan’s provincial attribution percentage, so that the plan’s GST/HST and QST liabilities can be calculated. Exchange-traded funds (ETFs) and exchange‑traded series are excluded from this requirement.
This requires investment plans to make written requests to investors and securities dealers. The information required from the investor depends on the particular type or class of investor and, in particular, whether the investor is a specified investor, selected investor, qualifying investor or an investor of another class that is not separately referenced in the information sharing rules provided in the SLFI Regulations. A summary of the information requirements follows.
Source: PwC
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