23 March 2017 CBA Commodity Taxes Roundtable, Q.20

Policy Tabs

Summaries

Summary Under

no GST/HST should be charged on a cancellation fee paid by a new home builder to the purchaser

Mr. X has agreed to purchase a newly constructed home from its builder and is subsequently paid $100,000 by the builder for the purchase...

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Summary Under

individual is a builder on assignment of new house purchase contract if original purpose was to resell house

In an appreciating housing market, an individual purchaser whose plans have changed, assigns his purchase contract back to the builder for an...

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Summary Under

purchase contract was real property

In an appreciating housing market, an individual purchaser (Mr. X), whose plans have changed, assigns his purchase contract back to the builder...

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Summary Under

s. 221(2) exclusion can apply to an interest in a purchase agreement

Mr. X has agreed to purchase a newly-constructed home from its builder and is subsequently paid $100,000 by the builder for the purchase...

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