27 February 2020 CBA Roundtable, Q.18

Policy Tabs

Summaries

Summary Under

election for a real estate JV can prevent a subsequent unregistered purchaser of an interest therein receiving retroactive relief

Where a valid s. 273 election was in place with respect to an ongoing joint venture, and a new co-venturer purchased an interest in the joint...

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Summary Under

retroactive registration unavailable on the basis of purchasing an interest in a JV that is subject to a s. 273 election

CRA indicated that, in general, GST/HST “retroactive registration is only available if a person was required to be registered for GST/HST...

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Summary Under

s. 167(1.1)(a)(iii) only applicable where both parties are not registrants

CRA indicated:

Subparagraph [167[(1.1)(a)(iii) only applies in circumstances where neither the supplier nor the recipient are GST/HST registrants.