• GST-60 - GST/HST Return for Purchase of Real Property or Carbon Emission Allowances

Who should fill out this return

Fill out this return to report and pay the GST/HST when you purchase taxable real property (for example, land or a building) or you purchase taxable supplies of emission allowances that are made in Canada, and you are in any of the following situations:

• You are registered for the GST/HST and the use or supply of the real property or emission allowances in your commercial activities will be 50% or less.

• You are not registered for the GST/HST and you purchased the real property from a person who is not resident in Canada, or from a person who is considered to be resident only for activities carried on through the person's permanent establishment in Canada.

• You are not registered for the GST/HST and you purchased taxable supplies of emission allowances that are made in Canada.

For purchases of emission allowances, fill out one return for all the GST/HST that you have to report and pay on all your purchases of emission allowances that are made in the same calendar month. For purposes of reporting the purchase date of the emission allowances in your return, enter the date of your first purchase of an emission allowance that is made in the calendar month.

When not to fill out this return

Do not fill out this return if you are an SLFI for QST purposes, or an SLFI only for GST/HST purposes that has QST to report and pay. Instead, fill out Form RC7260, GST/HST and QST Return for Purchase of Real Property/ Immovable or Carbon Emission Allowances by a Selected Listed Financial Institution. For more information, including the definition of an SLFI for GST/HST and QST purposes, go to canada.ca/gst-hst-financial-institutions.

Exceptions

Do not fill out this return if you purchased either taxable real property or emission allowances and you are in any of the following situations:

• You are registered for the GST/HST and the use or supply of the real property or emission allowances in your commercial activities will be more than 50%. Instead, fill out your regular return, for example Form GST34-2, Goods and Services Tax/Harmonized Sales Tax Return for Registrants, to report and pay the GST/HST.

• You are an individual who purchased a residential complex, such as a house, or a cemetery plot or similar site, and the vendor is resident in Canada. You have to pay the GST/HST to the vendor.

• You are not registered for the GST/HST and the vendor of the real property is resident in Canada. You have to pay the GST/HST to the vendor.

• You purchased a taxable supply of emission allowances that was made outside Canada. Instead, fill out Form GST59, GST/HST Return for Imported Taxable Supplies, Qualifying Consideration, and Internal and External Charges, or your regular return to self-assess GST/HST in respect of imported taxable supplies of emission allowances made outside Canada. For more information,see Guide RC4022, General Information for GST/HST Registrants.

Filling out your return

Part 1

Fill out all boxes in Part 1 of your return as applicable. Part 1 is your working copy. Make sure to keep it and any information you used to prepare your return, in case the Canada Revenue Agency (CRA) asks to see them.

What is the purchase date of the real property or emission allowances?

You have to enter the purchase date of the real property or emission allowances on your return. This date will determine the due date for your return and payment. For purposes of your return, the purchase date of the real property is the earlier of the following:

• The day ownership is transferred to you.

• The day possession is transferred to you under the purchase and sale agreement.

The purchase date of the emission allowances is the date of purchase of the emission allowances.

Exception for certain residential condominium units

If you purchased a residential condominium unit and possession of the unit is transferred to you under the purchase and sale agreement before the condominium complex is registered as a condominium, the purchase date is the earlier of the following:

• The day ownership is transferred to you.

• The day that is 60 days after the day the complex is registered as a condominium.

Due date

Your return and payment are due on or before the last day of the month after the calendar month that includes the purchase date of the real property or the emission allowances.

For example, if the purchase date is July 7, 2023, the due date for your return and payment is August 31, 2023.

Penalty and interest will apply if the CRA does not receive your return and payment by the due date.

Filling out line 205 – Which rate of tax applies?

For supplies of real property, if the real property is situated in:

• Ontario, tax applies at the HST rate of 13%

• New Brunswick, Newfoundland and Labrador, Nova Scotia or Prince Edward Island, tax applies at the HST rate of 15%

• the rest of Canada, tax applies at the GST rate of 5%

For supplies of emission allowances, if the supply is made in:

• Ontario, tax applies at the HST rate of 13%

• New Brunswick, Newfoundland and Labrador, Nova Scotia or Prince Edward Island, tax applies at the HST rate of 15%

• the rest of Canada, tax applies at the GST rate of 5%

For more information on the place of supply rules, see Draft GST/HST Technical Information Bulletin B-103, Harmonized Sales Tax – Place of supply rules for determining whether a supply is made in a province.

Filling out your return

Part 2

Enter your business number (if applicable), the purchase date of the real property or emission allowances (as applicable), and information from lines 201, 205, and 215 in Part 1 into the corresponding boxes in Part 2 (at the bottom of page 1).

Make sure to sign Part 2 and fill out the identification area at the bottom of page 2.

Definitions

Emission allowance means an allowance, credit or similar instrument (other than a prescribed allowance, credit or instrument) that:

• is issued or created by, or on behalf of any of the following:

  • a government, a government of a foreign country, a government of a political subdivision of a country, a supranational organization or an international organization (each of which is, in this definition, referred to as a "regulator")

  • a board, commission or other body established by a regulator

  • an agency of a regulator

• can be used to satisfy a requirement under either of the following:

  • a scheme or arrangement implemented by, or on behalf of, a regulator to regulate greenhouse gas emissions

  • a prescribed scheme or arrangement

• represents a specific quantity of greenhouse gas emissions expressed as carbon dioxide equivalent

Emission allowance also includes a prescribed property.

Participating province means a province that has harmonized its provincial sales tax with the GST to implement the harmonized sales tax (HST). Participating provinces include New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Island, but do not include the Nova Scotia offshore area or the Newfoundland offshore area except to the extent that offshore activities, as defined in subsection 123(1) of the Excise Tax Act, are carried on in that area.

Where to send this form

Send Part 2 of your form with your payment to your tax centre. To determine your tax centre, see page 2. You cannot file your return at your financial institution.

If you need help

For more information, go to canada.ca/gst-hst, or call 1-800-959-5525.

To get our forms and publications, go to canada.ca/gst-hst-pub.