Export profits percentage means the percentage received by dividing the total export profits by the specified total earnings.
It also includes any activity performed on a regular or steady basis that involves the supply of property By means of lease, licence or comparable arrangement, but does not include an Workplace or work.
Residential trailer park usually means a trailer park that includes no less than two web pages, wherever both equally of the following situations are satisfied:
For example, an individual who purchases, builds, or significantly renovates a residence to utilize as their primary spot of residence is usually not a builder of that home for GST/HST applications.
After the shipper transfers possession of the products to your carrier, and ahead of the items are exported, the goods (aside from purely natural fuel in particular situation) can't be additional processed, remodeled, or altered in copyright, other than towards the extent necessary to transportation the products.
Qualifying subsidiary of a certain corporation means Yet another corporation in regard of which The actual corporation holds qualifying voting Regulate and owns at the very least 90% of the value and range of the issued and fantastic shares, owning comprehensive voting rights below all instances, in the capital stock of the opposite corporation, and includes:
When the builder credited The brand new housing rebate minimizing the total amount of money payable for the home, the level of the rebate by which the builder minimized the quantity payable
A three way partnership arrangement will not be a continuing relationship amongst members. For example, the undertaking could possibly be for 1 certain business challenge. Once the job is finished, the three way partnership ceases to exist. Typically, individuals inside of a joint venture identify just one participant for being the "three way partnership operator".
Closely associated Canadian partnerships and corporations – A certain Canadian partnership and a selected corporation are intently relevant if any of the subsequent applies:
An entity is considered to be owned by a band, a tribal council, or a group of bands besides a tribal council if possibly of the next problems is achieved:
a person who has converted a non-residential property right into a residence without the need of substantially renovating the property
Whenever a sponsor organizes its have Conference check here or once the Conference is organized by an in-property organizer, the sponsor continues to be a sponsor for GST/HST functions instead of an organizer.
Canadian partnership means a partnership of which Every member is really a corporation or even a partnership and is also resident in copyright.
consideration for an exempt provide of making the ability by itself accessible, to ensure that facility supplies is often created there