Un contribuable était actionnaire de plusieurs sociétés. Il avait de plus créé une fiducie pour son bénéfice et celui de sa famille. Au fil des ans, une de ses sociétés lui a octroyé plusieurs prêts et avances. Lors d’une vérification par Revenu Québec, il est venu à l’attention du vérificateur que plusieurs de ces prêts et avances n’avaient pas été remboursés dans le délai prescrit par l’article 115 de la Loi sur les impôts (« L.I. ») de sorte que le contribuable avait reçu plusieurs avantages imposables.
Jumping on the Airbnb Bandwagon Comes with GST/HST
A corporation purchased a condo as an investment property. For the first 9 years, it rented the condo under long-term leases. However, for the last 14 months, it offered the condo through the Airbnb platform under short-term leases. The corporation was later assessed by the CRA for failing to collect the GST/HST on the sale of the condo.
The New Residential Rental Property Rebate – When Do We Start Counting for the One-Year Occupancy Requirement?
Under the relevant provisions of the Excise Tax Act, when a person purchases a new residential complex with the intention of renting it, he is entitled to a rebate, commonly referred to as the “GST/HST New Residential Rental Property Rebate”.
Applicability of GST on the Sale of a New House (for Non-Builders and Builders)
In a recent decision of the Tax Court of Canada (“TCC”), the Court dismissed the taxpayer’s appeal of a GST assessment for uncollected GST on the sale of a new house.
Can Break Fees “Reasonably Be Considered” to Have Been Received as an Inducement? (Revisited)
The Federal Court of Appeal (“FCA”) recently released a judgment[1] dealing with the tax treatment of “commitment fees” and “non-completion fees” (also known as “break fees”). The style of cause refers to Glencore Canada Corporation (“Glencore”). Glencore is a successor to Falconbridge Limited (“Falconbridge”).