Précis: The appellant constructed a number of condo units. As an innovative financing technique the units were initially leased to purchasers who had an option to purchase them. The appellant collected GST from the lessees. CRA disagreed and taxed the appellant on its self-supply of the property for rental purposes ($599,605.34). The appellant appealed to the Tax Court.
703008 B.C. Ltd. v. R. - TCC: Owner/builder leasing new condos as a financing method liable for GSTREAD MORE »