Section 218.01 — Excise Tax Act: Imposition of goods and services tax

Subject to this Part, every qualifying taxpayer shall, for each specified year of the qualifying taxpayer, pay to Her Majesty in right of Canada tax calculated at the rate of 5% on if an election under subsection 217.2(1) is in effect for the specified year, the amount determined by the formula A + B where A is the total of all amounts, each of which is an internal charge for the specified year that is greater than zero, and B is the total of all amounts, each of which is an external charge for the specified year that is greater than zero;

and in any other case, the total of all amounts, each of which is qualifying consideration for the specified year that is greater than zero.