Form RC7260 Gst / Hst and Qst Return for Purchase of Real Property / Immovable or Carbon Emission Allowances by a Selected Listed Financial Institution - Canada

Form RC7260 is used by selected listed financial institutions in Canada to report their purchases of real property/immovable or carbon emission allowances subject to Goods and Services Tax (GST) or Harmonized Sales Tax (HST) and Quebec Sales Tax (QST). It is a return form used to provide information to the Canada Revenue Agency (CRA) about these transactions.

The selected listed financial institution in Canada files the Form RC7260 GST/HST and QST Return for the purchase of real property/immovable or carbon emission allowances.

FAQ

Q: What is Form RC7260?
A: Form RC7260 is the GST/HST and QST Return for Purchase of Real Property/Immovable or Carbon Emission Allowances by a Selected Listed Financial Institution.

Q: Who needs to file Form RC7260?
A: Selected Listed Financial Institutions in Canada need to file Form RC7260.

Q: What is the purpose of Form RC7260?
A: Form RC7260 is used to report and remit the GST/HST and QST related to the purchase of real property/immovable or carbon emission allowances by a Selected Listed Financial Institution.

Q: What is GST/HST?
A: GST/HST refers to Goods and Services Tax/Harmonized Sales Tax, which is a tax on the supply of most goods and services in Canada.

Q: What is QST?
A: QST refers to Quebec Sales Tax, which is a consumption tax imposed by the province of Quebec.