gst/hst & real property transactions in canada
TRANSCRIPT
Welcome to Today’s Webinar
GST/HST & Real Property Transactions
in Canada
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
Windows Mac Tablet
Ground Rules
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
• 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
Intro
• What’s taxable?
• What’s exempt?
• Importance of understanding the rules
Sale of Commercial Property
• Registration of purchaser
• Self-assessment provision
Development Ownership Structures
• Bare trusts
• Joint ventures
• Partnerships
• Corporations
Sales of Land by Individuals
• Unique exemptions
• Need to provide a clear indication
as to tax status
Sales of New Housing
• New housing rebate
• Rental property rebate
Renovations, Conversions &
Build-to-rent
• Substantial vs. Non-substantial
• Change of Use
• Self Assessment
Charities / Not for Profits
• Sales and Rentals often exempt
• Election to charge HST
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