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This version of the form is not currently in use and is provided for reference only. Download this version of
Form GST497
for the current year.
Form GST497 Gst / Hst Election or Revocation Under the Special Attribution Method for Selected Listed Financial Institutions - Canada
Form GST497, GST/HST Election or Revocation Under the Special Attribution Method for Selected Listed Financial Institutions, is used by selected listed financial institutions in Canada to elect or revoke an election to use the special attribution method for determining the amount of the net tax to claim or the net tax adjustment to make for certain supplies made by the institution. This form allows for the special attribution method to be used for GST/HST purposes.
The selected listed financial institutions in Canada file the Form GST497 GST/HST Election or Revocation under the Special Attribution Method.
FAQ
Q: What is form GST497?
A: Form GST497 is the form used in Canada to make an election or revocation under the Special Attribution Method for Selected Listed Financial Institutions.
Q: What is the Special Attribution Method?
A: The Special Attribution Method is a specific way of calculating the GST/HST for listed financial institutions in Canada.
Q: Who should use form GST497?
A: This form should be used by listed financial institutions in Canada who want to make an election or revocation under the Special Attribution Method.
Q: What is an election under the Special Attribution Method?
A: An election under the Special Attribution Method allows listed financial institutions to make certain GST/HST adjustments.
Q: What is a revocation under the Special Attribution Method?
A: A revocation under the Special Attribution Method cancels a previous election and returns the listed financial institution to the regular GST/HST rules.
Download Form GST497 Gst / Hst Election or Revocation Under the Special Attribution Method for Selected Listed Financial Institutions - Canada
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