The GST/HST Self-Supply Rules: What Residential Builders Should Know

The following article was originally published in the September/October issue of CPABC's In Focus magazine.

Despite repeated interest rate hikes over the past year, the real estate market in many major Canadian cities remains resilient, and construction of new housing continues to grow. As real estate property is typically a big ticket item, the Canada Revenue Agency (CRA) recently increased its audit activity on GST/HST self-supply rules on residential property. Residential builders who are unaware of the self-supply rules often face an unexpected GST/HST liability. Whether you're a residential builder yourself or you count residential builders among your clients, this article offers a summary of important information about the self-supply rules.