CICA Commodity Tax Committee offers advice on GST/HST and joint ventures

The Commodity Tax Committee is recommending improvements to the Canada Revenue Agency (CRA)’s current policy on GST/HST application to joint ventures. Find out more and read the submission to CRA.

Members of CICA’s Commodity Tax Committee are working with CRA to help it improve its policy on the application of the GST/HST to joint ventures, especially as the policy relates to real property joint ventures that include nominee corporations (or bare trusts).

In its July 2012 submission, committee members made a strong case that CRA should expand its current policy to allow joint venturers to elect to name a nominee corporation as a single operator so it can manage all the joint venture’s GST/HST reporting and recovery activities. This policy change would significantly ease the GST/HST compliance for the parties to the joint venture, while at the same time easing enforcement for CRA.

CICA's Commodity Tax Committee is chaired by Danny Cisterna, a tax partner with Deloitte & Touche LLP. If you have comments or views about the application of GST/HST to joint ventures, or other commodity tax issues that the government should address, email Danny Cisterna.

This document was originally prepared by a legacy CPA organization.