GST/HST treatment of insurance claims: Rv3-2/17-16-2014E-PDF
"This memorandum explains, for purposes of the GST/HST, certain provisions of the Excise Tax Act (the Act) that relate to the treatment of insurance claims. It discusses the GST/HST status of supplies made in the settlement of an insurance claim. It also discusses the net-of-GST/HST method used in settling property insurance claims, the GST/HST treatment of property transferred to an insurer upon settlement of a claim and how the GST/HST applies when a default occurs under a construction performance bond"--p. .
|Department/Agency||Canada Revenue Agency.|
|Title||GST/HST treatment of insurance claims|
|Series Title||GST/HST memorandum|
|Publication Type||Series - View Master Record|
|Other Language Editions||[French]|
|Electronic Document|| |
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|Note||Issued also in French under title: Traitement des règlements de sinistres sous le régime de la TPS/TVH. Caption title. "August 2014." Chapter 17.16 of the GST/HST memoranda series. "This version replaces the one dated March 2001. It also cancels and replaces the following GST/HST Policy Statements: P-210R, Settlement of a Claim under a Performance Bond Issued in Respect of a Construction Contract, and P-56R2, Insurance Adjustment Services (formerly Licensing of Insurance Adjusters)."|
|Number of Pages||30 p.|
|Subject Terms||Goods and services tax, Harmonized sales tax, Excise taxes|
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