CRA finds that a JV operator (with a proprietary interest) of a new apartment project is the one to claim the NRRP rebate

Provided that the designated operator for a joint venture to construct a multiple unit residential complex has a beneficial interest in the project, so that it can qualify as the project “builder,” CRA was generally amenable to the proposition that such operator is the one to claim the new residential rental property rebate under ETA s. 256.2(3) where there is a deemed self-supply by it under s. 191(3) (generally, at the time of first occupancy).

Neal Armstrong. Summaries of 28 February 2019 CBA Roundtable, Q.11 under ETA s. 256.2(3) and s. 123(1) – builder.