GST/HST and Real Property Transactions

GST/HST and real Property Transactions Wayne Mandel 1. Disclaimer This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers LLP, Canada, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. 2. Agenda General Rules Taxable Supplies of real Property Exempt Supplies of real Property Ownership Bare trust /Nominee Corporations Joint Ventures Partnerships Self assessments GST/HST New Housing Rebates GST/HST Rental Property Rebates Documentary Requirements for Input Tax Credits Current State of Affairs 3.

• If the bare trustee or nominee has no discretionary powers and all powers or responsibilities to manage the trust property are retained by the beneficial owner(s), the CRA will consider the beneficial owner, rather than the bare trustee, to be involved in commercial activities related to the trust property.

Tags:

  Trust, Property, Real, Trustee, Real property, Discretionary

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