New Harmonized Value-added Tax System Regulations — 58.24
Lease or licence periods before April 2013 58.24 (1) No tax is payable under subsection 165(2) of the Act in respect of any consideration for a taxable supply of property by way of lease, licence or similar arrangement made in Prince Edward Island to the extent that the consideration is a rent, royalty or similar payment attributable to a period before April 1, 2013. Lease or licence periods before April 2013 (2) No tax is payable under subsection 218.1(1) or 220.08(1) of the Act in respect of any consideration for a supply of property by way of lease, licence or similar arrangement made outside Prince Edward Island to the extent that the consideration is a rent, royalty or similar payment attributable to a period before April 1, 2013, if the supply is made to (a) a person resident in Prince Edward Island and not resident in Ontario, Nova Scotia, New Brunswick, British Columbia or Newfoundland and Labrador; or (b) a person to which the property is delivered or made available, or physical possession of the property is transferred, in Prince Edward Island. Rent and royalties due or paid after January 2013 (3) If a taxable supply of property by way of lease, licence or similar arrangement is made in Prince Edward Island and an amount of consideration for the supply becomes due, or is paid without having become due, on or after February 1, 2013 and before April 1, 2013, to the extent that the amount of consideration is a rent, royalty or similar payment attributable to a period on or after April 1, 2013, that amount of consideration is deemed, for the purpose of applying subsection 165(2) of the Act to the supply, to have become due on April 1, 2013 and not to have been paid before that day. Rent and royalties due or paid after January 2013 (4) If a taxable supply of property by way of lease, licence or similar arrangement is made outside Prince Edward Island to a person resident in Prince Edward Island and not resident in Ontario, Nova Scotia, New Brunswick, British Columbia or Newfoundland and Labrador, or to a person to which the property is delivered or made available, or physical possession of the property is transferred, in Prince Edward Island, and an amount of consideration for the supply becomes due, or is paid without having become due, on or after February 1, 2013 and before April 1, 2013, to the extent that the amount of consideration is a rent, royalty or similar payment attributable to a period on or after April 1, 2013, that amount of consideration is deemed, for the purpose of applying subsection 218.1(1) or 220.08(1) of the Act, to have become due on April 1, 2013 and not to have been paid before that day. Rent and royalties due or paid before February 2013 (5) Subject to subsection (7), if an amount of consideration for a taxable supply of property by way of lease, licence or similar arrangement made in Prince Edward Island by a registrant to a person that is not a consumer of the property becomes due, or is paid without having become due, after November 8, 2012 and before February 1, 2013 and any part of the amount of consideration is a rent, royalty or similar payment attributable to a period on or after April 1, 2013, for the purposes of applying subsection 165(2) of the Act to the supply, that part of the amount of consideration is deemed to have become due on April 1, 2013 and not to have been paid before that day and the person is required to pay, in accordance with subsection (8), the tax under subsection 165(2) of the Act payable in respect of the supply on that part of the amount of consideration. Rent and royalties due or paid before February 2013 (6) Subject to subsection (7), if an amount of consideration for a taxable supply of property by way of lease, licence or similar arrangement made outside Prince Edward Island to a person that is not a consumer of the property and that is resident in Prince Edward Island and not resident in Ontario, Nova Scotia, New Brunswick, British Columbia or Newfoundland