Interpretation of GST/HST Reporting for Deemed Supply of Multiple Unit Residential Complex by SLFI

• Request for interpretation of GST/HST reporting related to deemed supply of multiple unit residential complex by selected listed financial institution
• HST rates in participating provinces: 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island; GST rate in rest of Canada is 5%
• SLFI Builder deemed to have made taxable supply by way of sale of MURCs and paid/collected GST/HST
• Interpretation requested regarding inclusion of GST/HST payable in SAM formula, NRRP rebate adjustments
• NRRP rebate provided under subsection 256.2(3) for supply of MURC in participating province
• Tax deemed to have been paid under paragraph 191(3)(e) is tax imposed under subsection 165(1) and 165(2) for MURC in participating province

Source: taxinterpretations.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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