Versions of s. 256.1(1)

E-15 — Excise Tax Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2008-06-18 to present available View Source

If an exempt supply of land described by section 6.1 or 6.11 of Part I of Schedule V is made to a particular lessee who is acquiring the land for the purpose of making a particular supply of property or a service that includes the land or a particular supply of a lease, licence or similar arrangement in respect of property that includes the ~~land~~land, and the particular supply A - B where A is the total of all tax that, before the particular time, became or would, but for section 167, have become payable by the landlord in respect of the last acquisition of the land by the landlord and the tax that was payable by the landlord in respect of improvements to the land that were acquired, imported or brought into a participating province by the landlord after that last acquisition and that were used before the particular time in the course of improving the property that includes the land, and B is the total of all other rebates and input tax credits that the landlord was entitled to claim in respect of any amount included in the total for A.

Full text

If an exempt supply of land described by section 6.1 or 6.11 of Part I of Schedule V is made to a particular lessee who is acquiring the land for the purpose of making a particular supply of property or a service that includes the land or a particular supply of a lease, licence or similar arrangement in respect of property that includes the land, and the particular supply A - B where A is the total of all tax that, before the particular time, became or would, but for section 167, have become payable by the landlord in respect of the last acquisition of the land by the landlord and the tax that was payable by the landlord in respect of improvements to the land that were acquired, imported or brought into a participating province by the landlord after that last acquisition and that were used before the particular time in the course of improving the property that includes the land, and B is the total of all other rebates and input tax credits that the landlord was entitled to claim in respect of any amount included in the total for A.
2003-01-01 to 2008-06-18 View Source

If an exempt supply of land described by section 6.1 of Part I of Schedule V is made to a particular lessee who is acquiring the land for the purpose of making a particular supply of property that includes the land or of a lease, licence or similar arrangement in respect of property that includes the land and the particular supply A - B where A is the total of all tax that, before the particular time, became or would, but for section 167, have become payable by the landlord in respect of the last acquisition of the land by the landlord and the tax that was payable by the landlord in respect of improvements to the land that were acquired, imported or brought into a participating province by the landlord after that last acquisition and that were used before the particular time in the course of improving the property that includes the land, and B is the total of all other rebates and input tax credits that the landlord was entitled to claim in respect of any amount included in the total for A.