Excise Tax Act (R.S.C., 1985, c. E-15)

Marginal note:Definitions

• 181.3 (1) The definitions in this subsection apply in this section.

  administrator

  administrator of a barter exchange network means the person who is responsible for administering, maintaining or operating a system of accounts, to which barter units may be credited, of members of the network. (administrateur)

  barter exchange network

  barter exchange network means a group of persons each member of which has agreed in writing to accept as full or partial consideration for the supply of property or services by that particular member to any other member of that group one or more credits (in this section referred to as “barter units”) on an account of the particular member maintained or operated by a single administrator of all such accounts of the members, which credits can be used as full or partial consideration for supplies of property or services between members of that group. (réseau de troc)

• Marginal note:Application for designation

  (2) The administrator of a barter exchange network may make an application to the Minister, in prescribed form containing prescribed information and filed in prescribed manner, to have the network designated for the purposes of subsection (5).

• Marginal note:Designation of barter exchange network

  (3) On application by an administrator of a barter exchange network under subsection (2), the Minister may designate the barter exchange network for the purposes of subsection (5), in which case the Minister shall notify the administrator in writing of the designation and its effective date.

• Marginal note:Notification by administrator

  (4) On receipt of a notification by the Minister of a designation of a barter exchange network, the administrator of the network shall, within a reasonable time, notify each member of the network in writing of the designation and its effective date.

• Marginal note:Exchange of barter unit

  (5) If a member of a barter exchange network or the administrator of a barter exchange network gives, while a designation of the network under subsection (3) is in effect, property, a service or money in exchange for a barter unit, the value of that property, service or money as consideration for the barter unit is, for the purposes of this Part and despite section 155, deemed to be nil.

• Marginal note:Deemed non-financial services

  (6) For the purposes of this Part, each of the following is deemed not to be a financial service:

  • (a) the operation, maintenance or administration of a system of accounts, to which barter units can be credited, of members of a barter exchange network;

  • (b) the crediting of a barter unit to such an account;

  • (c) the supply, receipt or redemption of a barter unit; and

  • (d) the agreeing to provide, or the arranging for, anything referred to in any of paragraphs (a) to (c).