The Canada Revenue Agency recently issued this notice to provide further information regarding the GST/HST relief available under section 167.11 of the Excise Tax Act. The relief is available for initial asset transfers from a foreign bank’s Canadian subsidiary to its newly established Canadian branch.
CRA GST/HST Notice 233
CRA Notice 233, “Filing an Election under Section 167.11 of the Excise Tax Act”
Tax Development Jun 13, 2008