Posted on June 18th, 2020 in Commodity Tax (HST), Construction, General Business

Important GST/HST considerations under the CECRA Program

graphic of an office tower

Any commercial landlords and/or tenants that have applied for relief under Canada’s Emergency Commercial Rent Assistance (CECRA) program should be aware of the GST/HST implications.

This article written by RSM Canada provides helpful information relating to the GST/HST treatment of the forgivable loan payment to landlords and the GST/HST implications of the rent reduction provided by commercial landlords to their business tenants.  The article mainly discusses the GST/HST implications of the CECRA program,  but the rules could generally be applied for Quebec’s QST

Article written by RSM Canada and referenced with permission as a member of RSM Canada Alliance.