New Harmonized Value-added Tax System Regulations, No. 2 — 42
Amounts and rates for participating provinces 42 In applying subsection 254.1(2) of the Act in respect of (a) a residential complex situated in Ontario, (i) the references in that subsection to “$472,500” are to be read as references to “$508,500”, (ii) the references in that subsection to “$367,500” are to be read as references to “$395,500”, (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$113,000”, (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.60%”, and (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.60%”; (b) a residential complex situated in Nova Scotia, (i) the references in that subsection to “$472,500” are to be read as references to “$513,000”, (ii) the references in that subsection to “$367,500” are to be read as references to “$399,000”, (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$114,000”, (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.58%”, and (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.58%”; (c) a residential complex situated in New Brunswick, (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”, (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”, (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”, (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”; (d) [Repealed, SOR/2012-191, s. 35] (d.1) a residential complex situated in Prince Edward Island, (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”, (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”, (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”, (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”; and (e) a residential complex situated in Newfoundland and Labrador, (i) the references in that subsection to “$472,500” are to be read as references to “$517,500”, (ii) the references in that subsection to “$367,500” are to be read as references to “$402,500”, (iii) the reference in that subsection to “$105,000” is to be read as a reference to “$115,000”, (iv) the reference in paragraph (h) of that subsection to “1.71%” is to be read as a reference to “the lesser of $6,300 and 1.57%”, and (v) the reference in the description of A in the formula in paragraph (i) of that subsection to “1.71%” is to be read as a reference to “1.57%”. SOR/2012-191, s. 35; SOR/2013-44, s. 33; SOR/2016-119, s. 14; SOR/2016-212, s. 13 SOR/2025-77, s. 10