Start Backdating gst registration canada

Backdating gst registration canada

The author would like to thank Kurt Oelschlagel, CA, TEP, of BDO Chartered Accountants, Hanover, Ontario, for his review of this Factsheet.

As a general rule, the sale of farmland is taxable unless an exemption applies.

The farmland must have been used in the business of farming at any time prior to the transfer.

In addition, the farmland may not have been used in any other commercial activity immediately before the transfer.

Where an exemption is not allowed, the buyer and seller may elect to not have the HST apply if certain conditions are met.