Excise Tax Act

Marginal note:Real property of certain public service bodies

• 209 (1) If a registrant (other than a financial institution or a government) is a public service body, section 141.2 and subsections 199(2) to (4) and 200(2) and (3) apply, with any modifications that the circumstances require, to real property acquired by the registrant for use as capital property of the registrant or, in the case of subsection 199(4), to improvements to real property that is capital property of the registrant, as if the real property were personal property.

• Marginal note:Real property of certain Crown agents

  (2) If a registrant (other than a financial institution) is a specified Crown agent, section 141.2 and subsections 199(2) to (4) and 200(2) and (4) apply, with any modifications that the circumstances require, to real property acquired by the registrant for use as capital property of the registrant or, in the case of subsection 199(4), to improvements to real property that is capital property of the registrant, as if the real property were personal property.

• Marginal note:Exception

  (3) Despite subsections (1) and (2), section 141.2 and subsections 200(3) and (4) do not apply to

  • (a) a supply of a residential complex or an interest in one made by way of sale; or

  • (b) a supply of real property made by way of sale to an individual.