Subsection 225.1(2)
Administrative Policy
RC4082 "GST/HST Information for Charities" 6 December 2021 p. 14
Summary of s. 225.1(2) computation
To calculate your net tax remittance for a reporting period using the net tax calculation for charities,...
RC4082 "GST/HST Information for Charities" 6 December 2021
Example
You are a charity resident in Alberta, and you are registered for the GST/HST. You operate an art gallery and use the net tax calculation...
B
Administrative Policy
13 December 2017 Interpretation 187306
Under the net tax calculation for charities under s. 225.1, the charity is only eligible to claim ITCs for the GST/HST paid or payable in certain...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Excise Tax Act - Section 169 - Subsection 169(1) | acquisition of property entails ownership transfer | 120 |
| Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Capital Property | s. 16.1 election did not deem leased property to be capital property | 50 |
Subsection 225.1(6)
Forms
GST488 Election or Revocation of an Election Not to Use the Net Tax Calculation for Charities
Election
Charities that are GST/HST registrants have to calculate their net tax using the net tax calculation for charities. However, eligible...