News and Insights

Canada Revenue Agency Issues Revised Guide RC4052

Tax Development Jul 30, 2013

This guide provides updates for builders, land developers, renovators, contractors, or other persons involved in the home construction industry, including information on: 

  • new online services;
  • transitional rules for real property, including housing, as a result of the change to HST in Prince Edward Island;
  • elimination of the HST in British Columbia and the transitional rules for real property, including housing, in respect of the transition back to GST and PST in British Columbia; and
  • increased thresholds for those using the simplified method for claiming input tax credits.

CRA RC4052