GST

1
GST SALE OF LAND
START
SEE SECTIONS 10, 11 12 OF PART I TO
SCHEDULE V
WAS LAND USED IN FARMING?
DOES LAND INCLUDE RESIDENTIAL COMPLEX?
NO
YES
YES
FOR COMPLEX ONLY
NO
YES
WILL BUYER USE ONLY FOR PERSONAL ENJOYMENT?
IS SELLER AN INDIVIDUAL OR PERSONAL TRUST?
IS THE SELLER THE BUILDER?
YES
NO
NO
NO
WAS PROPERTY USED IN BUSINESS WITH REOP?
YES
SALE OF PROPERTY IS TAXABLE
DID THE SELLER CLAIM ITCs?
YES
YES
NO
YES
NO
YES
WAS SELLER REGISTERED AND RENTING IT OUT TAXABLE?
DID SELLER ELECT TO MAKE TAXABLE?
YES
YES
YES
NO
DID SELLER SUBDIVIDE 2 X OR MORE?
DID SELLER ELECT TO MAKE TAXABLE?
SALE OF PROPERTY IS EXEMPT
WAS LAND SOLD AS INVENTORY IN COURSE OF A
BUSINESS?
NO
NO
NO
IF SELLER IS CHARITY, HOSPITAL, SCHOOL,
COLLEGE MUNICIPALITY OR OTHER NON-PROFIT SEE
SCHEDULE V

DEFINITIONS SEE 123(1)
2
SALE OF LANDCOLLECTING GST

1. IF SALE IS TAXABLE DOESNT MATTER IF SELLER
   IS REGISTERED FOR GST!
2. COLLECTION RULES FOUND IN 221(2)

START
GST 34 OR 62
IS SELLER NON RESIDENT OF CANADA?
REGISTERED
BUYER REPORTS AND REMITS TAX TO CRA
YES
NOT
GST 60
REGISTERED
NO
ARE ALL BUYERS REGISTERED FOR GST ON CLOSING?
YES
IS BUYER AN INDIVIDUAL BUYING RESIDENTIAL COMPLEX
OR CEMETERY PLOT?
YES
WILL BUYER USE LAND PRIMARILY FOR PERSONAL ENJOYME
NT?
NO
NO
HAVE SELLER BUYER MADE V I 2 ELECTION?
YES
NO
BUYER WILL SELF ASSESS ON BOX 205 OF GST RETURN
YES
NO
SELLER MUST REPORT REMIT GST TO CRA