If this is Canada, Im unfamiliar with their NEC or counterpart but if its like the US the answer is a simple NOOOOOOOOOOOOOOOOOO.
YOU CAN NOT USE THE SAFETY EQUIPMENT GROUND AS A CURRENT CARRYING NEUTRAL.
The Neutral is a GrounDED conductor The safety equipment ground = GroundING conductor
The sole purpose of the safety equipment GroundING conductor is to provide a dedicated low resistance return path for FAULT CURRENTS ONLY, Its is NOT to be used as the normal return current carrying conductor, thats what the Neutral is i.e. it carries current and happens to be grounded i.e. its a GrounDED conductor
If you want to run a circuit and wire an outlet suitable for BOTH 120 and 240 VAC YOU NEED 4 (not 3) CONDUCTORS,,,,,,2 Hots, 1 Neutral (GrounDED conductor), 1 Safety Equipment Ground (GroundING conductor)
DO NOT USE SAFETY EQUIPMENT GROUNDS AS A NORMAL RETURN PATH CURRENT CARRYING CONDUCTOR USE THEM FOR CARRYING FAULT CURRENT ONLYYYYYYYYY
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