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C is the total of all input tax credits that the
registrant was entitled to claim in respect of
any tax included in the total for B.
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1990, c. 45,
s. 12(1);
1993, c. 27,
s. 70(3)
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(2) Paragraphs 203(2)(a) and (b) of the
Act are replaced by the following:
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(3) Subsections (1) and (2) come into force
on April 1, 1997.
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1993, c. 27,
s. 72(1)
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194. (1) Paragraph 206(2)(b) of the Act is
replaced by the following:
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(2) Paragraph 206(3)(b) of the Act is
replaced by the following:
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A x B
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1993, c. 27,
s. 72(1)
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(3) Paragraph 206(4)(a) of the Act is
replaced by the following:
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1993, c. 27,
s. 72(1)
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(4) Paragraph 206(5)(b) of the Act is
replaced by the following:
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A x B
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(5) Subsections (1) to (4) come into force
on April 1, 1997.
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1993, c. 27,
s. 73(1)
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195. (1) Paragraph 207(1)(a) of the Act is
replaced by the following:
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A - B
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1993, c. 27,
s. 73(1)
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(2) Paragraph 207(2)(b) of the Act is
replaced by the following:
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(A x B) - C
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(3) Subsections (1) and (2) come into force
on April 1, 1997.
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1993, c. 27,
s. 74(1)
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196. (1) Paragraph 208(2)(d) of the Act,
as renumbered by subsection 40.1(1), is
replaced by the following:
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1993, c. 27,
s. 74(1)
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(2) The description of A in paragraph
208(3)(b) of the Act is replaced by the
following:
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1993, c. 27,
s. 74(2)
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(3) Subsection 208(4) of the Act is
replaced by the following:
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Improvement
to capital real
property by
individual
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(4) Where an individual who is a registrant
acquires, imports or brings into a participating
province an improvement to real property that
is capital property of the individual, the tax
payable by the individual in respect of the
improvement shall not be included in
determining an input tax credit of the
individual if, at the time that tax becomes
payable or is paid without having become
payable, the property is primarily for the
personal use and enjoyment of the individual
or a related individual.
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(4) Subsections (1) to (3) come into force
on April 1, 1997.
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1993, c. 27,
s. 76(3)
|
197. (1) Paragraph 211(2)(a) of the Act is
replaced by the following:
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(2) Subsection (1) comes into force on
April 1, 1997.
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1993, c. 27,
s. 77(1)
|
198. (1) Section 212 of the Act is replaced
by the following:
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Imposition of
goods and
services tax
|
212. Subject to this Part, every person who
is liable under the Customs Act to pay duty on
imported goods, or who would be so liable if
the goods were subject to duty, shall pay to Her
Majesty in right of Canada tax on the goods
calculated at the rate of 7% on the value of the
goods.
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Meaning of
``commercial
goods''
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212.1 (1) In this section, ``commercial
goods'' means goods that are imported for sale
or for any commercial, industrial,
occupational, institutional or other like use.
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Tax in
participating
province
|
(2) Subject to this Part, every person who is
resident in a participating province and is
liable under the Customs Act to pay duty on
imported goods, or who would be so liable if
the goods were subject to duty, shall pay to Her
Majesty in right of Canada, in addition to the
tax imposed by section 212, a tax on the goods
calculated at the tax rate for that province on
the value of the goods.
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Exception
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(3) Tax under subsection (2) does not apply
to goods that are accounted for as commercial
goods under section 32 of the Customs Act,
specified motor vehicles or a mobile home or
a floating home that has been used or occupied
in Canada by any individual.
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(2) Subsection (1) comes into force on
April 1, 1997.
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1993, c. 27,
s. 78(1)
|
199. (1) Section 213.1 of the Act is
replaced by the following:
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Security
|
213.1 For the purposes of this Division, the
Minister may require a person mentioned in
section 212 or 212.1 who imports goods to
provide security, in an amount determined by
the Minister and subject to such terms and
conditions as the Minister may specify, for the
payment of any amount that is or may become
payable by the person under this Division,
where provisions of the Customs Act, the
Customs Tariff or any other laws relating to
customs under which security may be required
do not apply to the payment of that amount.
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(2) Subsection (1) comes into force on
April 1, 1997.
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1993, c. 27,
s. 79(1)
|
200. (1) Section 214 of the Act is replaced
by the following:
|
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Payment of
taxes
|
214. Tax on goods under this Division shall
be paid and collected under the Customs Act,
and interest and penalties shall be imposed,
calculated, paid and collected under that Act,
as if the tax were a customs duty levied on the
goods under the Customs Tariff and, for those
purposes, the Customs Act, with such
modifications as the circumstances require,
applies subject to this Division.
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Deduction
|
214.1 Where tax under section 212.1 is
payable by a person and all or any portion of
that tax is an amount that is prescribed for the
purposes of subsection 234(3), that amount
shall be deducted from that tax in determining
the amount required to be paid and collected
under section 214.
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(2) Subsection (1) comes into force on
April 1, 1997.
|
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1993, c. 27,
s. 81(1)
|
201. (1) The description of A in
subsection 215.1(2) of the Act is replaced by
the following:
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A is the total of the rate of tax imposed under
section 212 at the time the goods were
accounted for under subsection 32(1), (2) or
(5) of the Customs Act and, where an
amount was paid as tax under section 212.1,
the rate of tax imposed under that section at
that time;
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(2) Subsection (1) applies to rebates in
respect of amounts paid as tax on or after
April 1, 1997.
|
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1990, c. 45,
s. 12(1)
|
202. The heading ``Tax on Imported
Taxable Supplies Other Than Goods''
before section 217 of the Act is replaced by
the following:
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|
TAX ON IMPORTED TAXABLE SUPPLIES |
|
|
203. (1) Section 218 of the Act is replaced
by the following:
|
|
Imposition of
goods and
services tax
|
218. Subject to this Part, every recipient of
an imported taxable supply shall pay to Her
Majesty in right of Canada tax calculated at
the rate of 7% on the value of the consideration
for the imported taxable supply.
|
|
Tax in
participating
province
|
218.1 (1) Subject to this Part,
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shall pay to Her Majesty in right of Canada,
each time an amount of consideration for the
supply becomes due or is paid without having
become due, in addition to the tax imposed by
section 218, tax equal to the amount
determined by the formula
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A x B x C
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where
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A is the tax rate for the particular participating
province,
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|
B is the value of that consideration that is paid
or becomes due at that time, and
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C is
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Selected listed
financial
institutions
|
(2) Tax (other than an amount of tax that is
prescribed for the purposes of paragraph (a) of
the description of F in subsection 225.2(2))
under subsection (1) that would, but for this
provision, become payable by a person when
the person is a selected listed financial
institution is not payable.
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When tax
payable
|
218.2 Tax under this Division that is
calculated on an amount of consideration for
a supply that becomes due at any time, or is
paid at any time without having become due,
becomes payable at that time.
|
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|
(2) Subsection (1) comes into force on
April 1, 1997.
|
|
|
204. (1) The Act is amended by adding the
following after section 220:
|
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