They are 41 to 43, 46, 49, and 54 to 59.
The measure ensures that the GST/HST treatment of investment limited partnerships is consistent with other collective investment vehicles by extending the special HST rules currently applicable to investment plans to investment limited partnerships.
Investment limited partnerships generally include limited partnerships established to carry on investment activities on behalf of a group of investors. There are essentially three amendments in that respect. The first amendment ensures that investment limited partnerships that have investors in one HST province and in at least one other province determine their HST liability based on where the investors are located, as is currently the case for investment plans.
These amendments also confirm the long-standing tax policy that management and administrative services are subject to GST/HST when these services are provided to an investment limited partnership by its general partner. Finally, these amendments generally provide a GST/HST relief to investment limited partnerships in respect of which 95% or more of the partnership interest is held by non-resident investors.
The next measure deals with the federal rebate for printed books and it's found at clause 47.
Under the GST, educational and literacy institutions are eligible for a rebate of the GST or the federal component of the HST paid on printed books acquired for their own use in helping people learn to read and improve literacy skills. In accordance with the policy intent, the amendment clarifies that the rebate does not apply to printed books that are acquired by these institutions to be sold on their own or sold as part of another property or service.