GST/HST & Real Property Transactions in Canada
Transcript of GST/HST & Real Property Transactions in Canada
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Welcome to Today’s Webinar
GST/HST & Real Property Transactions
in Canada
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Questions
• Attendees are in listen-only mode
• This webinar is being recorded for future on-demand playback
• Your participation represents acknowledgement that we are recording
• Tweet questions & comments to: #WelchTax
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Ground Rules
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Garth Steele, CPA, CA Indirect Tax Partner – Welch LLP
www.welchllp.com
@WelchLLP
Sybil Johnson-AbbottPartner – Borden Ladner Gervais (Ottawa)
www.blg.com
@BLGLaw
Presenters
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• Introduction
• Sale of Commercial Property
• Development Ownership Structures
• Sales of Land by Individuals
• Sales of New Housing
• Renovations, Conversions & Build-to-rent
• Charities / Not for Profits
• Audience Q & A
What we will cover today
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Intro
• What’s taxable?
• What’s exempt?
• Importance of understanding the rules
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Sale of Commercial Property
• Registration of purchaser
• Self-assessment provision
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Development Ownership Structures
• Bare trusts
• Joint ventures
• Partnerships
• Corporations
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Sales of Land by Individuals
• Unique exemptions
• Need to provide a clear indication
as to tax status
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Sales of New Housing
• New housing rebate
• Rental property rebate
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Renovations, Conversions &
Build-to-rent
• Substantial vs. Non-substantial
• Change of Use
• Self Assessment
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Charities / Not for Profits
• Sales and Rentals often exempt
• Election to charge HST
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Garth Steele, CPA, CA Indirect Tax Partner – Welch LLP
www.welchllp.com
@WelchLLP
Sybil Johnson-AbbottPartner – Borden Ladner Gervais (Ottawa)
www.blg.com
@BLGLaw
Audience Q & A