DFK Tax Digest – 2024 Issue Three

  • The Enhancement of the GST/HST New Residential Rental Property Rebate – As part of Bill C-56 which received royal assent on December 15, 2023, the Government of Canada is providing a 100% rebate of the GST, or the federal portion of the HST, on new purpose-built rental housing (“PBRH”). The PBRH rebate is an enhancement of the GST/HST new residential rental property (“NRRP”) rebate, and will support the construction of new apartment buildings, student housing, and seniors’ residences designed for long-term residential rental. The Canada Revenue Agency (“CRA”) published GST/HST Notice 336 in June 2024 providing additional commentary along with questions and answers regarding the PBRH Rebate
  • Life Events and Their Tax Implications – They say the two certainties in life are death and taxes. This article provides a basic overview of some of the tax considerations related to various life events.