PWC, "Tax Insights: Canada Revenue Agency confirms that fair market value of newly constructed residential complexes includes GST/HST", Issue 2024-10, 22 March 2024

Summary Under
Tax Topics - Excise Tax Act - Section 191 - Subsection 191(3)

CRA states that GST/HST should be backed out of the appraised value of newly constructed residence for GST/HST self-assessment purposes

A recently...

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 - General Concepts - Fair Market Value - Land
FMV of newly-constructed residence should have the GST/HST backed out

ETA s. 191(3) requires the builder of a multiple unit residential complex to self-assess itself for GST/HST on the fair market value of the...

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