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 GT/HST self-assessment purposes

A recently...

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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...

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