Rules · TIM
TIM-03 — Progress payments (s.168(2), s.152(1)(c))
Stale — principle only — The principle holds; a figure or date in it may not. Check the figure before you use it.
Stale — principle only (examples use 7% GST)
Progress payments (s.168(2), s.152(1)(c)): tax on each progress payment is payable on the earlier of payment and the contractual due date, even if nothing is actually paid. A payment application awaiting third-party certification is not an invoice
Sources
- Memorandum 19-1 (primary) · local copy