7 April 2022 CBA Roundtable, Q.9

Policy Tabs

Summaries

Summary Under

Tax Topics - Excise Tax Act - Section 190 - Subsection 190(1)

no self-supply under s. 190(1) (only engagement of s. 206(4) change-in-use) on conversion of a commercial unit to additional residential units in a MURC

A pre-1990 building with 30 residential rental units and one commercial unit rented for use as a convenience store (the “Commercial Unit”) is...

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 195.1 - Subsection 195.1(1)

s. 195.1(1) could not apply where a commercial unit in an apartment building was converted to additional apartment units

On January 1, 2019, NewCo acquired a building with 30 residential rental units and one commercial unit (rented to a convenience store) and then, a...

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 206 - Subsection 206(4)

s. 206(4) rather than s. 191 applied where a commercial unit in an apartment building was converted to additional apartment units

On January 1, 2019, NewCo acquired a building with 30 residential rental units and one commercial unit (rented to a convenience store) and then, a...

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.9

Policy Tabs