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Learn about the insights the Chartered Professional Accountants of Canada (CPA Canada) Commodity Tax Committee (CTC) has shared with the federal government about its planned review of joint ventures for GST/HST purposes.
Get your downloadable electronic copy.
CPA Canada’s CTC has provided its comments to the Canada Revenue Agency (CRA) on its plan to review joint ventures for GST/HST purposes, pending its drafting of new or amended policy on the matter.
This July 17, 2012 letter was submitted by the CTC to the CRA’s Excise and GST/HST Rulings Directorate following a meeting between the two parties on May 22, 2012, and encourages the CRA to consider allowing nominee corporations meeting the requirements to be designated the “operator” in accordance with Excise Tax Act (ETA) Section 273 in a real property joint venture arrangement.
The letter includes a sample nominee agreement that deals with a single beneficial owner of real property, but represents one involving multiple beneficial owners whereby an election under ETA Section 273 could be made.
Visit our website on March 19 for complete coverage of the 2019 federal budget. We'll have tax highlights, an insightful federal budget analysis piece as well as video interviews with our experts.
May 22, 2019
Explore important emerging technologies in accounting, business and finance at this must-attend conference for senior leaders. Connect with peers, experts and pioneers on best-fit technology solutions for your clients or organization.
September 23, 2019
Canada’s dynamic, must-attend CPA event of the year is heading to Montréal with the theme of innovation for sustainability.