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New Harmonized Value-added Tax System Regulations, No. 2

Version of section 42 from 2016-10-01 to 2024-05-01:


Marginal note:Amounts and rates for participating provinces

 In applying subsection 254.1(2) of the Act in respect of

  • (a) a residential complex situated in Ontario,

    • (i) the references in that subsection to “$472,500” are to be read as references to “$508,500”,

    • (ii) the references in that subsection to “$367,500” are to be read as references to “$395,500”,

    • (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$113,000”,

    • (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.60%”, and

    • (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.60%”;

  • (b) a residential complex situated in Nova Scotia,

    • (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”,

    • (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”,

    • (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”,

    • (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and

    • (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”;

  • (c) a residential complex situated in New Brunswick,

    • (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”,

    • (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”,

    • (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”,

    • (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and

    • (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”;

  • (d) [Repealed, SOR/2012-191, s. 35]

  • (d.1) a residential complex situated in Prince Edward Island,

    • (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”,

    • (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”,

    • (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”,

    • (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and

    • (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”; and

  • (e) a residential complex situated in Newfoundland and Labrador,

    • (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”,

    • (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”,

    • (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”,

    • (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and

    • (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”.

  • SOR/2012-191, s. 35
  • SOR/2013-44, s. 33
  • SOR/2016-119, s. 14
  • SOR/2016-212, s. 13

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