Entities in the real estate sector may want to consider preparing for the effect of certain GST/HST* tax changes proposed in the 2016 federal budget. Specifically, the budget proposes measures for:
* GST/HST = goods and services tax / harmonized sales tax
The 2016 budget indicates that the government will not proceed with proposed measures affecting the donation of real estate or make changes to the rules on determining whether certain income from property would qualify as active business income.
Read a March 2016 report [PDF 77 KB] prepared by the KPMG member firm in Canada: Real Estate Industry — Prepare for 2016 Federal Budget Measures
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