Public Service Body Rebate (GST/HST) Regulations

7 (1) A person is, on the first day of a claim period of the person, a prescribed person for the purpose of subsection 259(12) of the Act where

• (a) the threshold amount for the person’s fiscal year that includes the claim period does not exceed $1,000,000;

• (b) if the person’s fiscal quarter that includes the claim period is not the first fiscal quarter in the fiscal year, the threshold amount for the fiscal quarter does not exceed $1,000,000;

• (c) the purchase threshold for the fiscal year does not exceed $4,000,000; and

• (d) it is reasonable to expect at the beginning of the claim period that the purchase threshold for the person’s next fiscal year will not exceed $4,000,000.

(2) A person ceases to be a prescribed person for the purpose of subsection 259(12) of the Act at the earliest of

• (a) if the threshold amount for a fiscal year of the person exceeds $1,000,000, the end of the first fiscal quarter in that fiscal year,

• (b) if the threshold amount for the second or third fiscal quarter in a fiscal year of the person exceeds $1,000,000, the end of the first fiscal quarter in that year for which the threshold amount exceeds $1,000,000, and

• (c) if the purchase threshold for a fiscal year of the person exceeds $4,000,000, the end of the first fiscal quarter in that fiscal year.