Web29 de out. de 2015 · The Ontario rebate is equal to 6 per cent of the FMV of each unit up to a maximum rebate of $24,000 for a unit having a FMV of $400,000 (i.e. 6 per cent x $400,000). The Ontario rebate is not reduced if the FMV of the unit exceeds $400,000; it remains at $24,000. The purchaser of a newly-built residential care facility will generally … Web11 de fev. de 2008 · For example, if Darcy buys a condo as a GST/HST-registrant and pays $10,000 of GST/HST, and he intends to use the condo 60% for rental and 40% for family vacations, he can claim a $6,000 ITC. If his rental use declines to 45%, he is required to repay $1,500 of the original ITC. Alternatively, if the rental use increases from 60% to …
Canada - Corporate - Other taxes - PwC
Web13 de dez. de 2024 · Long-term residential rentals are exempt from GST/HST. If short-term rental revenues (plus income from any other commercial activity you may have on an associated basis) exceed $30,000 in a 12-month period, you’re required to register and collect GST/HST on this income. Web8. Occupancy fees charged by a condominium corporation in respect of a residential condominium unit prior to registration are exempt from the GST/HST if such fees are for occupancy of a residential unit by an individual for a period of at least one month. Meals … comfort services usa
GST/QST Rebate for Residential Rental Property Owners – Individuals
Web26 de ago. de 2024 · One aspect of venturing into the short-term rental game is how GST/HST applies. The volume of rental income and the length of the rentals is the … Web8 de ago. de 2024 · Here we will focus on how the Canada Revenue Agency (“CRA”) applies the GST/HST to the living arrangements offered in a retirement residence. A typical living arrangement is, primarily, a long-term residential lease provided together with a meal plan, personal assistance, and non-acute care services*. The GST/HST implications … Web26 de set. de 2024 · New draft Goods and Services/Harmonized Sales Tax (GST/HST) proposals were released by the federal Department of Finance on September 8, 2024 for public consultation. The new HST and GST proposals (“ proposals ”) will be effective on certain amounts payable by certain limited partnerships to their general partner (s). comfort servis plzeň