Section 206 - Capital Real Property

Subsection 206(2) - Beginning Use in Commercial Activities

See Also

1351231 Ontario Inc. v. The King, 2024 TCC 37

The Appellant used a condo unit for the first nine years after purchase for long-term residential rentals and then listed it on Airbnb and rented...

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Locations of other summaries Wordcount
Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Residential Complex an Airbnb rental property is similar to a motel, lodging house etc. so that, with its short-term rentals, it cannot qualify as a residential complex 300
Tax Topics - Excise Tax Act - Section 141.1 - Subsection 141.1(3) - Paragraph 141.1(3)(a) listing of property on Airbnb engaged s. 141.1(3)(a) 187

Administrative Policy

25 March 2021 CBA Commodity Taxes Roundtable, Q.19

Aco changes its use of a building, which had been used 100% in making exempt supplies, so that thereafter it is used 90% for making exempt...

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Locations of other summaries Wordcount
Tax Topics - Excise Tax Act - Section 197 s. 141 override of s. 197 where increase in commercial use to 10% 297

24 February 2011, CBA/CRA GST Round Table, Q. 15 - "Amalgamation & Successor Corp's ITC Entitlement"

In a corporate reorganization involving a GST registrant that is engaged exclusively in commercial activities, assets are first transferred to a...

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Locations of other summaries Wordcount
Tax Topics - Excise Tax Act - Section 169 - Subsection 169(1) if predecessor denied ITC, Amalco may be able to claim basic tax content 174
Tax Topics - Excise Tax Act - Section 271 173

Subsection 206(3)

Subsection 206(4)

Administrative Policy

7 April 2022 CBA Roundtable, Q.9

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...

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Locations of other summaries Wordcount
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 461
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 300

Subsection 206(5) - Reducing Use in Commercial Activities

Administrative Policy