7 April 2022 CBA Roundtable, Q.7

Policy Tabs

Summaries

Summary Under

Tax Topics - Excise Tax Act - Section 191 - Subsection 191(1)

s. 191(1) rather than s. 191(3) is relevant to conversion of MURC to condo units, and its application turns on whether there is substantial renovation on a unit-by-unit basis

The definition of “builder” in s. 123(1) includes a person who carries on the “construction” of a “residential complex,” which is...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Words and Phrases

construction substantial renovation

Summary Under

Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Residential Condominium Unit

residential condominium unit constituted once there is an intention to have a particular bounded space become a condominium unit

Regarding whether the conversion of a rental apartment building into condo units would be subject to GST/HST in the hands of an owner under the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under

Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Builder - Paragraph (a)

meaning of “construction” and “substantial renovation”

Regarding whether the conversion of a rental apartment building into condo units would be subject to GST/HST in the hands of an owner under the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

You are here

7 April 2022 CBA Roundtable, Q.7

Policy Tabs