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

Marginal note:Amounts and rates for participating provinces

44 In applying subsection 255(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 (g) 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 (h) 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 (g) 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 (h) 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 “$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 (g) 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 (h) of that subsection to “1.71%” is to be read as a reference to “1.60%”; and

• (d) [Repealed, SOR/2012-191, s. 37]

• (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 “$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 (g) 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 (h) of that subsection to “1.71%” is to be read as a reference to “1.60%”.