New
Domestic Rebates Processing
Responding to a request from the CBA Real Property Section, the Canada Revenue Agency (CRA) has revised it's process to accept electronically signed GST/HST New Housing Rebate Applications.
Form GST190A, GST/HST New Housing Rebate – Appendix A, is a new form from the CRA. The form is for electronic transfers of Form GST190, GST/HST New Housing Rebate Application for Houses Purchased from a Builder, (type 1A or 1B) between the legal representatives of homebuyers and builders.
A completed Form GST190A confirms that a Form GST190 has been signed and kept by a homebuyer’s legal representative. When the new form is used, the original signature requirement on Form GST190 does not have to be met. A completed Form GST190A has to be sent to the CRA, along with the related Form GST190.
A homebuyer still has to sign Form GST190 if it is filed without Form GST190A.
The new form GST190A will help streamline the closing process, and now permits a true paperless closing system. The Officers of the National Real Property Section are pleased to have facilitated this improvement.
NewslettersNational Real Property Section Newsletter (July 2008)
The Section is currently looking for articles for its next newsletter. If you would like to contribute to the next edition, please contact CBA Newsletters.
|
Mandate
The Real Property Section is concerned with the problems inherent in the ownership, devising, mortgaging, loaning, using, leasing and other dealings with real property, including:
- estates
- uses
- trusts and settlements
- perpetuities
- fixtures
- titles
- workers' and mechanics' liens
- leaseholds
- mortgages
- easements and licenses
- planning legislation and restrictions on use, realty taxes, registration and land titles system
- vendor and purchaser
- ecological control of land
- financing problems on real property security
|
|