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

Marginal note:Application

• 49 (1) Subject to subsection (2) and to Division 3 and section 42 of the New Harmonized Value-added Tax System Regulations, subsection 165(2) of the Act and the provisions of Part IX of the Act (other than Divisions IX and X of that Part) relating to tax under that subsection apply to

  • (a) any supply of real property made in a specified province on or after July 1, 2010;

  • (b) any supply by way of sale of real property made in a specified province before July 1, 2010 if ownership and possession of that property are transferred to the recipient of the supply on or after July 1, 2010;

  • (c) any supply of real property made in a specified province before July 1, 2010 by way of lease, licence or similar arrangement if all of the consideration for the supply becomes due or is paid without having become due, or is deemed to have become due or to have been paid, on or after July 1, 2010 and is not deemed to have become due or to have been paid before that day; and

  • (d) any supply of real property made in a specified province before July 1, 2010 by way of lease, licence or similar arrangement if part of the consideration for the supply becomes due or is paid without having become due, or is deemed to have become due or to have been paid, on or after July 1, 2010.

• Marginal note:Exception

  (2) Subject to Division 3, tax under subsection 165(2) of the Act is not payable in respect of any part of the consideration for a supply referred to in paragraph (1)(d) that becomes due or is paid before July 1, 2010 and is not deemed to have become due or to have been paid on or after that day.