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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. ...

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. ...

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. ...

Class 12 includes low value assets depreciated at a rate of 100 per cent, while Class 14 includes limited-time patents, concessions, franchises, and licences; " commercial activity " means (a) any business carried on by a person, (b) any adventure or concern of a person in the nature of trade, and (c) any activity engaged in by a person that involves the supply of real property or of a right or interest in respect of real property by that person, but does not include (d) any activity engaged in by a person to the extent that it involves the making of an exempt supply by the person, (e) any activity engaged in by an individual without a reasonable expectation of profit, or (f) the performance of any duty or activity in relation to an office or employment; " exclusive ", in respect of the consumption, use or supply of property or a service, means all or substantially all of the consumption, use or supply of the property or service, and "all or substantially all", in respect of the consumption, use or supply of property or a service by a financial institution, means all of the consumption, use or supply of the property or service; " fair market value " of property or a service supplied to a person means the fair market value of the property or service without reference to any tax excluded by section 154 of the Act from the consideration for the supply; " financial institution ", at any time, means a person who is at that time a financial institution under section 149 of the Act; " improvement ", in respect of capital property of a person, means any property or service that is supplied to, or goods that are imported by, the person for the purpose of improving the capital property, to the extent that the consideration paid or payable by the person for the property or service or the value of the goods is, or would be if the person were a taxpayer under the Income Tax Act, included in determining the adjusted cost base to the person of the capital property for the purposes of the Income Tax Act; " individual " means a natural person; (version anglaise seulement) " input tax credit " means a credit claimable by a registrant for the Goods and Services Tax paid or payable by the registrant in respect of the acquisition or importation of any property or service for consumption, use or supply in the course of commercial activities of the registrant; " Minister " means the Minister of National Revenue; " person " means an individual, partnership, corporation, trust or estate, or a body that is a society, union, club, association, commission or other organization of any kind; " personal property " means property that is not real property; " prescribed " means (a) in the case of a form, the information to be given on a form or the manner of filing a form, prescribed by the Minister, and (b) in any other case, prescribed by regulation or determined in accordance with rules prescribed by regulation; " property " means any property, whether real or personal, movable or immovable, tangible or intangible, corporeal or incorporeal, and includes a right or interest of any kind, a share and a chose in action, but does not include money; " public sector body " means a government or a public service body; " public service body " means a non-profit organization, a charity, a municipality, a school authority, a hospital authority, a public college or a university; " real property " includes (a) in respect of property in the Province of Quebec, immovable property and every lease thereof, (b) in respect of property in any other place in Canada, messuages, lands and tenements of every nature and description and every estate or interest in real property, whether legal or equitable, and (c) a mobile home; " recipient ", in respect of a supply, means the person who pays or agrees to pay consideration for the supply or, if no consideration is or is to be paid for the supply, the person to whom the supply is made; " registrant " means a person who is registered under section 241 or who is required to apply to be registered under section 240 of the Act; " sale ", in respect of property, includes any transfer of the ownership of the property and a transfer of the possession of the property under an agreement to transfer ownership of the property; " tax" means the Goods and Services Tax payable under Part IX of the Act. ...

The deemed sale alone does not cause the co-op to exceed the small supplier threshold since the residential complex is capital property of the co-op and, therefore, not taken into consideration for the small supplier threshold. ... Accordingly, the following considerations apply: Commercial activity paras 123(1)(a) and (b) If a person were to sell a building that is being relocated to another legal description, the sale is made in the course of commercial activities if the building is sold in the course of a business carried on by the person or as an adventure or concern in the nature of trade of the person. ... Return to footnote2 referrer Footnote 3 Section 6 of Part I of Schedule V exempts long-term residential leases and supplies of residential accommodation by way of lease or licence where the consideration does not exceed $20 per day. ...

Section 146 deems certain listed supplies made for consideration by a government, or a body established by a government, among others, to be made in the course of a commercial activity unless the supply is specifically exempt from the GST/HST under another provision of the Act. ... Because the Agency is an entity listed on Schedule A to the Canada-Saskatchewan RTA and has provided the supplier with an exemption certificate, the supplier is not required to charge or collect the GST/HST on the consideration for the supply of the office furniture to the Agency. ... In this case, the suppliers will charge the GST/HST on the consideration for the supplies of hotel and meals made to the employee, even though the employee is attending the conference as an employee of a Department listed on Schedule A to the Canada-Yukon RTA. ...