This election allowed the closely related corporations to not charge or collect GST/HST on certain inter-company supplies. Taxable supplies include goods, property and other services. The election does not apply for the sale of real property or supply of property or service that is not acquired by the recipient for commercial activities. In most cases, a corporation would charge GST/HST to another corporation for the taxable supplies. One corporation would remit the GST collected to CRA and the other corporation would claim GST paid as an input tax credit on their next GST filing. As the GST nets itself out overall, CRA has allowed closely related corporations to make this election. For example, the GST/HST paid on management fees can be significant; therefore, making this election would help out with cash flow and administration. The form has to be filed on or before the day when the GST/HST return for the reporting period is due. This would be the earliest date of filing for the closely related corporations in which the election is to become effective. For example, if both corporations have a December reporting period but one files GST annually and the other files quarterly, then the earliest filing date would be January 31 of the following year.