Tax & Trade Blog

As we have previously written about here, the CRA has been modernizing its electronic services.  As part of these changes, the CRA has updated the GST/HST e-filing returns to require additional lines of detail.  Businesses e-filing their GST/HST returns need to understand this new change and complete their GST/HST e-filing returns properly!

As of May 13, 2024, registrants e-filing their GST/HST returns have been encountering the new forms, and the CRA reminded registrants of the change in its Excise GST/HST News – No. 117. 

Those who previously filed paper returns will immediately recognize these additional details as lines from the paper returns which have now been migrated over to the e-filing system.

As we have blogged about here and here, the CRA is after a whole swath of residential homeowners who are finding themselves being taxed on the sale of their new or used residential properties, after substantially renovating them.

A recent decision of the Tax Court of Canada (“TCC”) in Bryan v. The King, 2024 TCC 108 highlights the problems that homeowners face when going into these ventures with possible “dual motivations”.