Temporary recapture of input tax credits (RITCs) requirement - Ontario and British Columbia

As a temporary measure beginning July 1, 2010, large businesses and certain financial institutions (other than selected listed financial institutions) will be required to recapture (repay) their input tax credits for the provincial part of the HST paid or payable on specified property and services in British Columbia and Ontario.

Recapture period means any period of 12 calendar months that:

• begins on July 1 of a calendar year; and
• occurs between July 1, 2010 and June 30, 2018.

For information on special cases, see GST/HST Technical Information Bulletin B-104, Harmonized Sales Tax - Temporary Recapture of Input Tax Credits in Ontario and British Columbia.

Forms and publications

• Guide RC4022, General Information for GST/HST Registrants
• GST/HST Technical Information Bulletin B-104, Harmonized Sales Tax - Temporary Recapture of Input Tax Credits in Ontario and British Columbia
• GST/HST Info Sheet GI-100, Harmonized Sales Tax: Builders and Recaptured Input Tax Credits
• GST/HST NOTICE249, Questions and Answers on the New Reporting Requirements for GST/HST Registrants
• Form RC4530, Election or Revocation of an Election to use a Production Proxy to Report the Recapture of Input Tax Credits
• Form RC4531, Election or Revocation of an Election to Use the Estimation and Reconciliation Method to Report the Recapture of Input Tax Credits
• Income Tax Interpretation Bulletin IT-64R4-CONSOLID, Corporations: Association and Control