Form GST497 Gst / Hst Election or Revocation Under the Special Attribution Method for Selected Listed Financial Institutions - Canada

Form GST497 or the "Form Gst497 "gst/hst Election Or Revocation Under The Special Attribution Method For Selected Listed Financial Institutions" - Canada" is a form issued by the Canadian Revenue Agency .

The form was last revised in January 1, 2019 and is available for digital filing. Download an up-to-date Form GST497 in PDF-format down below or look it up on the Canadian Revenue Agency Forms website.

FAQ

Q: What is GST497?
A: GST497 is a form used in Canada for making GST/HST election or revocation under the special attribution method.

Q: What is GST/HST?
A: GST (Goods and Services Tax) and HST (Harmonized Sales Tax) are consumption taxes applied in Canada.

Q: What is the special attribution method?
A: The special attribution method is a method used to calculate the GST/HST on financial services provided by selected listed financial institutions.

Q: Who needs to use form GST497?
A: Selected listed financial institutions in Canada need to use form GST497.

Q: What is the purpose of the form?
A: The form is used to make an election or revocation for applying the special attribution method for calculating GST/HST on financial services.

Q: Is the form mandatory?
A: Yes, for selected listed financial institutions that want to use the special attribution method for calculating GST/HST on financial services.

Q: Can I make changes or corrections to the form once it is filed?
A: Yes, you can make changes or corrections to the form by submitting an amended form GST497.

Q: Are there any fees associated with filing the form?
A: No, there are no fees associated with filing form GST497.