Harmonized Sales Tax. Any portion of the Harmonized Sales Tax that is refundable by the Canada Revenue Agency as an input tax credit or as a rebate shall be deemed to be an Ineligible Cost. Any portion of the Provincial Sales Tax that is refundable by the respective provincial tax authority shall be deemed to be an Ineligible Cost.
Harmonized Sales Tax a) The parties hereto acknowledge and agree that the transaction contemplated herein may be subject to the Harmonized Sales Tax (HST) under the Excise Tax Act (the Act) and that the Purchase Price does not include HST. The Vendor shall provide the Purchaser with its HST Business Number. The Purchaser shall pay to the Vendor any HST imposed under the Act payable in connection with the transfer of the Property to the Purchaser, or as it may direct, unless the Purchaser or its nominee, or its assignee, provides:
i) A certificate on or before the Completion Date containing a representation and warranty to the Vendor that:
(1) It is registered for the purpose of the HST on the Completion Date and specifying the HST registration number;
(2) It will file the prescribed form pursuant to subsection 228(4) of the Act in connection with the purchase of the Property; and
(3) The Property transferred pursuant to this APS is being purchased by the Purchaser, or its nominee or assignee, as principal for its own account and is not being purchased by the Purchaser as agent, trustee or otherwise on behalf of or for another person, and does not constitute a supply of residential complex made to an individual for the purpose of paragraph 221 (2)(b) of the Act.
ii) An indemnity, indemnifying and saving harmless the vendor from any HST payable on this transaction and penalty and interest relating to HST; and
iii) A notarial true copy of its HST registration confirmation.
Harmonized Sales Tax. (a) The Purchase Price set out above includes the Goods and Services Tax and the Harmonized Sales Tax (“HST”) payable pursuant to the Excise Tax Act (Canada) and the applicable laws governing the Harmonized Sales Tax (the “HST Legislation”) net of Rebates as provided for in this Agreement, being herein defined as the Net HST, and the Purchase Price has been established on the basis that the Rebate or Rebates, as applicable, will be assigned to the Vendor, in addition to such Purchase Price. The current rate of HST is 13 percent and this is the rate that is applicable to this Agreement before netting out the Rebates from such HST. The Purchaser acknowledges that the Purchase Price stipulated in this Agreement has been calculated on the basis that the Purchaser shall qualify for and assign to and/or reimburse the Vendor the maximum Rebate based on the Purchase Price set out herein as adjusted, save and except as hereinafter set out to the contrary. This can also be stated as (and with the Purchaser acknowledging and agreeing to) the HST being applicable to this Agreement being calculated on the basis of the Purchase Price less the Net HST.
(b) In consideration of the Purchase Price being inclusive of the Net HST, the Purchaser hereby irrevocably assigns to and in favour of the Vendor any and all rights the Purchaser may have to any refunds, credits, rebates or the like (the “Rebates”) available with respect to the within transaction of purchase and sale pursuant to the HST Legislation. Such Rebates may be reasonably estimated by the Vendor if necessary. The Purchaser shall, both before and after the Closing Date, on demand of the Vendor, execute and deliver to the Vendor any assignments, directions, applications, consents, declaration, undertakings and other documents required by the Vendor to enable the Vendor to apply for and receive the Rebates.
(c) If the rate of HST is increased or decreased or the percentage of calculation of the Rebate is amended, or the rate or thresholds in respect of the HST exemptions or rebate entitlement are changed between the date of this Agreement and the Closing Date, with the result that the net amount of the HST to be remitted by the Vendor increases, then the Purchaser shall pay the Vendor an amount on the Closing Date equal to such additional HST payable by the Vendor. A statutory declaration of any officer of the Vendor as to the alteration, increase amendment, etc., as hereinbefore set out shall be determinative in thi...
Harmonized Sales Tax. 1 The Contractor shall not include in the Bid Form Amount Harmonized Sales Tax (HST), but shall pay HST on all materials and services on which the tax is charged. The Contractor shall show the amount of the HST to be paid on the Bulk Sum Price separately.
Harmonized Sales Tax. (a) The parties hereto acknowledge and agree that the transaction contemplated herein is subject to the Harmonized Sales Tax (HST) under the Excise Tax Act, R.S.C., 1985, c. E-15 (the “Act”) and that the Purchase Price does not include HST. The Vendor shall provide the Purchaser with its HST Business Number. The Purchaser shall pay to the Vendor any HST imposed under the Act payable in connection with the transfer of the Property to the Purchaser, or as it may direct, unless the Purchaser or its nominee, or its assignee, provides:
(i) A certificate on or before the Completion Date containing a representation and warranty to the Vendor that:
(1) It is registered for the purpose of the HST on the Completion Date and specifying the HST registration number;
(2) It will self-assess the HST on its GST/HST return or file the prescribed form pursuant to subsection 228(4) of the Act in connection with the purchase of the Property; and
(3) The Property transferred pursuant to this APS is being purchased by the Purchaser, or its nominee or assignee, as principal for its own account and is not being purchased by the Purchaser as agent, trustee or otherwise on behalf of or for another person, and does not constitute a supply of residential complex made to an individual for the purpose of paragraph 221 (2)(b) of the Act.
(4) An indemnity, indemnifying and saving harmless the vendor from any HST payable on this transaction and penalty and interest relating to HST; and
(5) A notarial true copy of its HST registration confirmation.
Harmonized Sales Tax. HST")
1.6.1 The Purchaser acknowledges that this transaction is subject to HST and that such tax and any other type of value-added or sales tax payable in connection therewith shall be in addition to the Purchase Price and shall be paid by the Purchaser.
1.6.2 The Town will not collect HST if the Purchaser provides to the Town on the Closing Date a warranty that the Purchaser is registered under the Excise Tax Act ("ETA"), together with a copy of the Purchaser's ETA registration, a warranty that the Purchaser shall self-assess, remit the HST payable and file the prescribed form, and shall indemnify the Town in respect of any HST payable. The foregoing warranties shall not merge but shall survive the completion of the transaction.
Harmonized Sales Tax. (HST) or Goods and Services Taxes (GST)
Harmonized Sales Tax. 3.1 The Purchase Price of the Property does not include HST payable by the Purchaser. Subject to Article 3.2 below, the Purchaser agrees to pay to the Vendor, on the Date of Closing, as a condition of completion of this transaction by certified cheque or bank draft, all HST payable as a result of this transaction in accordance with the Act.
3.2 Notwithstanding Article 3.1 above, the Vendor shall not collect HST from the Purchaser in this transaction if the Purchaser is registered under the Excise Tax Act, R.S. 1985, c.
Harmonized Sales Tax. Any portion of the Harmonized Sales Tax that is refundable by the
Harmonized Sales Tax. ORAL REPRESENTATIONS DO NOT FORM PART OF NOR CAN THEY AMEND THIS AGREEMENT.
