aid with social, leisure, and various related services to satisfy the psycho-social desires with the residents
GST and HST – The goods and services tax (GST) is often a tax that you pay back on most goods and services marketed or supplied in Canada.
Goodwill, in accounting phrases, means the surplus of the acquisition price of a business more than the fair industry value of The online property with the business.
In the event the quantities are paid for the NPO for an exempt provide of property or services, the property and services usually are not for your use or consumption of your grantor, the intermediary, or people associated with the grantor or perhaps the intermediary
Buy price, for that purposes of GST/HST housing rebates, means the total amount of money paid out for new housing from the builder but not together with:
any beverage that contains much more than 0.5% Alcoholic beverages by volume that's attained in the distillation of grains, fruit, or other agricultural products and solutions or through the distillation of beer or wine
Registrant means an individual that's registered or necessary to be registered for your GST/HST, but frequently excludes a person that is registered or necessary to be registered beneath Unique rules applicable to electronic economy businesses Except that particular person registered underneath Those people Specific rules begins carrying on business in Canada, demanding them to register under the normal rules that implement to most people.
You can use any realistic process for valuing the products in completed inventory. Nevertheless, when you choose a technique, you have to use that method every year.
a residential unit that is a suite or room within a hotel, a motel, an inn, a boarding house or simply a lodging household or inside a residence for college students, seniors, people today by using a disability, or other folks
a corporation That could be a qualifying subsidiary of the qualifying subsidiary of the particular get more info corporation
have been imported and are considered to have been supplied outside Canada mainly because they are delivered or made available to the receiver in advance of their release underneath the Customs Act
Public establishment means a registered charity for income tax functions that's also a school authority, a public college, a university, a hospital authority, or an area authority determined by the Minister of National Earnings being a municipality.
A residential complicated normally does not include a making or that A part of a building That may be a resort, a motel, an inn, a boarding property, or very similar place.
In almost every other case, the total of all quantities Every of which is surely an ITC for the fiscal year in respect of a residual input tax quantity of the person for your fiscal year that the person is entitled to assert