TIM-06 — Holdbacks (s.168(7))

Current — Verified against the live source. Safe to cite.

Holdbacks (s.168(7)): where the recipient retains part of the consideration pending performance, tax on the held-back amount is payable on the earlier of the day the holdback is paid out and the day the holdback period expires. Applies only where the holdback is required by federal or provincial law, or by a written agreement for the construction, renovation, alteration or repair of real property, a ship or other marine vessel. A voluntary holdback does not defer tax. Where a supplier collects tax before it is payable, it must still remit it for the period collected

living page, not mirrored by design

Sources

Memorandum 19-1 (primary) · local copy
Home construction (primary)

Record

Anchor ID: TIM-06 (permanent)
Jurisdiction: FED
Section: 2.4 Timing of tax — deposits, prepayments, progress payments, holdbacks
Verified: 2026-08-27 — by a person, against the source
Review cycle: legislative

Changes mentioning TIM-06

Date Change

28 Aug 2026

Date	Change
28 Aug 2026	Began mirroring the non-guide sources to `Sources/`, with provenance front-matter (source URL, issue date, CRA page-details date, fetch date, anchors, caveats). 14 documents mirrored in the first pass. Findings: (a) Notice 334 was cancelled 2026-04-22 and replaced by Memorandum 25-3 — EXM-H01 re-anchored, Notice 334 added to Part 4; (b) TIM-02's deposit limb is unsourced — Memorandum 3-1 contains no s.168(9) and never uses the word "deposit", flag set to Unconfirmed for that half; (c) stale rate boxes are systemic — the NS-at-15% box appears in six mirrored documents and two older ones still state GST at 7%, so a general warning was added to Part 4; (d) TIM-06's holdback rule and EXM-H02's 11 February 2014 date and EXM-H06's 2013 dates all confirmed verbatim against source

Began mirroring the non-guide sources to Sources/, with provenance front-matter (source URL, issue date, CRA page-details date, fetch date, anchors, caveats). 14 documents mirrored in the first pass. Findings: (a) Notice 334 was cancelled 2026-04-22 and replaced by Memorandum 25-3 — EXM-H01 re-anchored, Notice 334 added to Part 4; (b) TIM-02's deposit limb is unsourced — Memorandum 3-1 contains no s.168(9) and never uses the word "deposit", flag set to Unconfirmed for that half; (c) stale rate boxes are systemic — the NS-at-15% box appears in six mirrored documents and two older ones still state GST at 7%, so a general warning was added to Part 4; (d) TIM-06's holdback rule and EXM-H02's 11 February 2014 date and EXM-H06's 2013 dates all confirmed verbatim against source

The full changelog