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Written agreement of purchase and sale entered into on or after December 1, 2012 and before April 1, 2015 In these cases, the vendor is required to include in the written agreement, on the date the agreement is entered into, each of the following items: the value of consideration for the housing or interest therein as established for GST/HST purposes; a statement as to whether the amount represented in the agreement as the purchase price includes any of the B.C. transition tax, the GST or the HST and, if the purchase price includes any such tax, a statement that identifies each such tax, the rate of the tax and the amount of the tax; if a GST/HST new housing rebate, B.C. provincial new housing rebate or B.C. transition rebate has been taken into account in determining the amount payable to the vendor under the agreement, a statement that identifies each such rebate and the amount of the rebate; a statement as to whether the builder is a foreign supplier. ... In such cases the vendor is required to include in the statement of adjustments or other document provided to the purchaser, by the time tax on the sale becomes payable, each of the following items: the value of consideration for the housing or an interest therein as established for GST/HST purposes; Where the sale of the housing was grandparented under the rules for the transition to the HST in 2010, Footnote 6 the value of consideration is calculated differently than in other cases. See the answer to question 62 in GST/HST Notice 276, Elimination of the HST in British Columbia in 2013 – Transitional Rules for Real Property Including New Housing for information on determining the value of consideration for GST/HST purposes in these circumstances. a statement as to whether the GST is payable on the sale and the amount of the tax; a statement as to whether the B.C. transition tax is payable on the sale and the amount of the tax; the completion percentage of the housing: immediately before July 1, 2010, immediately before April 1, 2013, and at the time the GST is payable in respect of the sale; the amount of the B.C. transition rebate that the builder is entitled to claim; the amount of the B.C. ...

Written agreement of purchase and sale entered into on or after December 1, 2012 and before April 1, 2015 In these cases, the vendor is required to include in the written agreement, on the date the agreement is entered into, each of the following items: the value of consideration for the housing or interest therein as established for GST/HST purposes; a statement as to whether the amount represented in the agreement as the purchase price includes any of the B.C. transition tax, the GST or the HST and, if the purchase price includes any such tax, a statement that identifies each such tax, the rate of the tax and the amount of the tax; if a GST/HST new housing rebate, B.C. provincial new housing rebate or B.C. transition rebate has been taken into account in determining the amount payable to the vendor under the agreement, a statement that identifies each such rebate and the amount of the rebate; a statement as to whether the builder is a foreign supplier. ... In such cases the vendor is required to include in the statement of adjustments or other document provided to the purchaser, by the time tax on the sale becomes payable, each of the following items: the value of consideration for the housing or an interest therein as established for GST/HST purposes; Where the sale of the housing was grandparented under the rules for the transition to the HST in 2010, Footnote 6 the value of consideration is calculated differently than in other cases. See the answer to question 62 in GST/HST Notice 276, Elimination of the HST in British Columbia in 2013 – Transitional Rules for Real Property Including New Housing for information on determining the value of consideration for GST/HST purposes in these circumstances. a statement as to whether the GST is payable on the sale and the amount of the tax; a statement as to whether the B.C. transition tax is payable on the sale and the amount of the tax; the completion percentage of the housing: immediately before July 1, 2010, immediately before April 1, 2013, and at the time the GST is payable in respect of the sale; the amount of the B.C. transition rebate that the builder is entitled to claim; the amount of the B.C. ...

Similarly, in order for an individual to be eligible for a GST/HST new housing rebate in respect of a laneway house purchased from a builder, the consideration attributable to the laneway house must be less than $450,000. Example 11 Returning to Example 3, suppose the consideration for Monique’s purchase of the property, which includes the principal housing unit and the laneway house, is $1.4 million. The consideration that is reasonably attributable to the principal housing unit is $900,000, while the consideration reasonably attributable to the laneway house is $500,000. ...

Physician A receives consideration from the operator of the facility for the examination, review of the diagnostic test, and expert opinion. ... The operator's supply of the expert opinion made to the insurance company is taxable and the GST/HST is charged on the consideration for this supply. ... The GST/HST is charged on the consideration by the operator for these supplies. ...

The rebate will still available in respect of a supply of a tour package or accommodation made on or before March 22, 2017, regardless of when the consideration for the supply is paid or the tour takes place. ... To qualify you must meet all of the following conditions: The short-term and/or camping accommodation included in the eligible tour package was made available to a non-resident individual The supply of the tour package was made on or before March 22, 2017, or if the supply was made after that date, it was made before 2018 and all of the consideration for the supply was paid before January 1, 2018 You did not buy the eligible tour package to resell in the ordinary course of a business of selling tour packages You are a non-resident of Canada at the time the rebate application is filed You paid at least $200 before taxes (this amount does not include property and services included in the tour package that are not subject to tax, such as overseas transportation services) You send the Canada Revenue Agency (CRA) your rebate application by the filing deadline (see Filing your rebate application) You provide the necessary documents to prove you are eligible for the rebate If you are: a non-resident tour operator that is not registered for the GST/HST You bought an eligible tour package and resold it. or You bought short-term and/or camping accommodation in Canada and resold it as part of an eligible tour package. ... These documents must include the following information: the supplier’s name, address, telephone number and business number the recipient’s name, address and telephone number details about the supply, such as a description of the accommodation, the number of nights and consideration the GST/HST charged proof that the amount was paid (for example, a copy of a cancelled cheque or wire payment confirmation number) Tour operator records If you are a tour operator, you must also keep all of the following documents in your records and make them available if the CRA asks to see them: a list of names and addresses of the non-residents who bought your tour packages a list of names and addresses of the non-resident individuals who stayed in the accommodation the names of the agents through whom you sold the tour packages (if applicable) copies of the original invoices issued to your clients What to do if someone is filing your rebate application for you If you enter into an agreement with someone else to file your rebate application for you, see What to do if someone is filing your rebate application for you. ...

However, since there is typically no identifiable recipient of this taxable supply, and no identifiable liability for payment in respect of the supply, there is generally no consideration for such a supply and therefore no obligation to collect and remit the GST/HST. ... For example, in order for a person to be eligible to claim an ITC, a person must generally be making taxable supplies for consideration in the course of the endeavour of the person. Subsection 141.01(4) can apply in certain circumstances where acquisitions relate to making taxable supplies for no consideration and it can reasonably be regarded that the supply for no consideration is made for the purpose of facilitating, furthering or promoting an endeavour of any person. ...

However, it must be clearly established that there is SR&ED (refer to section 2.1 of the Eligibility of Work for SR&ED Investment Tax Credits Policy) before any consideration is given to the type of asset resulting from or used in SR&ED. ... Therefore, a pilot plant is sized taking into consideration the SR&ED to be conducted in / on it. ... What is important is that the determination of the type of the asset must take into consideration the facts of the actual use made of the facilities and equipment. ...

One of the technical amendments proposes to add new section 177.1 to the Excise Tax Act, which if enacted, would provide that a collective society or a collecting body must, for the purpose of determining tax payable in respect of the supply of a service of collecting or distributing the levy on blank media under the Copyright Act, use a formula to calculate the value of the consideration for their supply of that service to an eligible author, eligible maker, or eligible performer or for their supply of that service to another collective society. Specifically, the formula would deem the value of the consideration to be equal to the value of the consideration for the supply, as otherwise determined for GST/HST purposes, minus part of the value of the consideration that is exclusively attributable to the collection and distribution of the levy on blank media. ...

Specifically, the following emerging platform economy non-compliance risks were identified: The anonymity of sellers Difficulties with tracking income, as sellers may earn revenue from multiple platforms given that there is no information reporting requirement which would provide the CRA with an identification mechanism to address non-compliance by platform sellers Generally, taxpayers are not aware of their filing requirements Place-of-supply considerations as transactions can occur in various tax jurisdictions that are outside of the location of the supplier Various payment methods including non-government backed currencies such as cryptocurrencies or gift cards To tackle the challenges posed by the platform economy, the CRA developed a horizontal compliance strategy to manage the effective tax administration of platforms and their participants. The compliance strategy is based on four themes: Business intelligence to develop risk assessment models and better leverage third party-data, including the use of legislative tools to help with the identification of non-compliance Service through education and outreach, to raise awareness both internally and externally Compliance activities undertaken by dedicated auditors for income tax, as well as for goods and services tax / harmonized sales tax Legislative considerations to address current gaps in the legislative framework and ensure effective tax legislation for individuals and businesses operating within the platform economy Over the course of this business plan, the CRA will address the risk of underreporting or no reporting of online income through the following actions: continued efforts to ensure Canadians are aware of their tax obligations using third-party data through existing agreements and the use of legislative tools to address non-compliance dedicated compliance actions in instances where there is significant risk of non-compliance consideration of international best practices to allow for sharing of information by platforms in support of the CRA’s compliance mandate Virtual assets The digital world continues to grow, particularly when it comes to ownership and usage of virtual assets. ... In its previous UE strategy, the CRA identified transacting with virtual assets as an area needing more consideration. ...

It is the Department's view that a transaction that otherwise increases the capital of a corporation without any consideration being given by the corporation in respect of that increase may result in a contribution of capital for the purposes of paragraph 53(1)(c). ... In computing the ACB of a capital interest of a taxpayer in a trust, other than an interest in a "personal trust" (see 16 below) acquired by the taxpayer for no consideration or an interest of the taxpayer in those trusts referred to in 15 below, the taxpayer shall (a) deduct under subparagraph 53(2)(h)(i) any amount paid to the taxpayer by the trust after 1971 and before the time of the computation as a distribution or payment of capital by the trust, other than as proceeds of disposition of the interest or part thereof, to the extent that such amount became payable before 1988, (b) deduct under subparagraph 53(2)(h)(i.1) any amount that has become payable to the taxpayer after 1987 (subject to the transitional rules discussed in 14 below) and before the time of the computation in respect of that interest, other than as proceeds of disposition of all or part of an interest, except to the extent of the portion (i) that has been included in the taxpayer's income by reason of subsection 104(13) or, where the taxpayer is not resident in Canada, that is subject to Part XIII tax by reason of paragraph 212(1)(c), or (ii) that, where the trust was resident in Canada throughout its taxation year in which the amount became payable, (A) is equal to one-third (one-half if payable before 1990) of the net taxable capital gains of the trust designated by the trust under subsection 104(21) in respect of the taxpayer, or (B) represents non-taxable dividends of the trust designated by the trust under subsection 104(20) in respect of the taxpayer, (c) deduct under subparagraph 53(2)(h)(ii) any amount deducted for post 1981 taxation years by the taxpayer under subsection 127(5) in calculating the tax otherwise payable under Part 1 for taxation years ending before the time of the computation in respect of an investment tax credit allocated by the trust pursuant to subsection 127(7), (d) deduct under subparagraph 53(2)(h)(iii) the amount of share-purchase tax credit allocated to the taxpayer after the 1982 taxation year by the trust and added under subsection 127.2(3) in calculating the tax otherwise payable under Part 1 for a taxation year ending before or after the time of the computation, (e) deduct under subparagraph 53(2)(h)(iv) 50% of the amount of any scientific research tax credit allocated to the taxpayer after the 1982 taxation year and before the time of the computation by the trust under subsection 127.3(3), and (f) deduct under subparagraph 53(2)(h)(v) the amount of any assistance received by the taxpayer before the time of the computation from a government, municipality or other public authority that has resulted in a reduction to the trust under subsection 13(7.2) of the capital cost of a depreciable property acquired after May 9, 1985. ... A "personal trust" is defined in subsection 248(1) to mean (a) a testamentary trust, or (b) an inter vivos trust, no beneficial interest in which was acquired for consideration payable directly or indirectly to (i) the trust, or (ii) any person who has made a contribution to the trust by way of transfer, assignment or other disposition of property, and, for the purposes of (b) above and paragraph 53(2)(h), where an inter vivos trust is created by way of the transfer, assignment or other disposition of property by an individual (or two or more individuals each of whom was, at the time the trust was created, related to each of the other individuals), any beneficial interest in the trust acquired by such individual (or such individuals) at the time the trust was created shall be deemed to have been acquired for no consideration. ...