Précis: The Minister reassessed Ms. Yu to deny her a New Housing Rebate for GST/HST purposes. She agreed to purchase the property in 2011, closed toward the end of 2012 and flipped the property for a profit of roughly $300,000 six months later. She claimed that she had purchased the home as a primary residence for her parents who were citizens and residents of China but had visited Canada for a period in 2013 after the property was acquired and before it was sold. The Tax Court rejected the evidence of Ms. Yu and dismissed the appeal.
Yu v. R. - TCC: Court rejects evidence home purchased as primary residence of non-resident parentsREAD MORE »