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In This Volume

  • 12.13 (1) In this section, “bare trustee” means a trustee of a trust who can reasonably be considered to act as agent for all the beneficiaries under the trust with respect to all dealings with all of the trust’s property.
  • (2) In addition to any other required information, a return that must be filed under section 2 in respect of a taxable transaction must include the information required under this section.
  • (3) If the transferee is an individual,
  • (a) the return must state the date of birth of the transferee, and whether or not the transferee is a Canadian citizen or permanent resident of Canada,
  • (b) in the case of a transferee who is a Canadian citizen or permanent resident of Canada, the return must state the social insurance number of the transferee, and
  • (c) in the case of a transferee who is not a Canadian citizen or permanent resident of Canada, the return must state whether or not the transferee is a citizen of a foreign country or state and, if so, must state the date of birth and, as applicable, social insurance number or individual tax number of the transferee, and must identify the foreign country or state.
  • (4) If the transferee is a corporation,
  • (a) the return must state
    • (i) the total number of directors of the transferee,
    • (ii) the number of those directors who are Canadian citizens or permanent residents of Canada, and
    • (iii) the date of birth and social insurance number for each director who is a Canadian citizen or permanent resident of Canada,
  • (b) in relation to each director of the transferee who is not a Canadian citizen or permanent resident of Canada,
    • (i) the return must state the name, contact information, date of birth and, as applicable, social insurance number or individual tax number of the director, and
    • (ii) the return must state whether or not the director is a citizen of a foreign country or state and, if so, must identify the foreign country or state, and
  • (c) the return must state the business corporation number of the transferee.
  • (5) If the transferee is, as a bare trustee of a trust, acquiring the land to which the taxable transaction relates, the return must include, in addition to the information required under subsection (3) or (4), as applicable, the following information in relation to each settlor and each beneficiary of the trust:
  • (a) in the case of a settlor or beneficiary who is an individual,
    • (i) in the case of a settlor or beneficiary who is a Canadian citizen or permanent resident of Canada, the return must state the name, contact information, date of birth and social insurance number of the settlor or beneficiary, and
    • (ii) in the case of a settlor or beneficiary who is not a Canadian citizen or permanent resident of Canada, the return must state whether or not the settlor or beneficiary is a citizen of a foreign country or state and, if so, must state the date of birth and, as applicable, social insurance number or individual tax number of the settlor or beneficiary and must identify the foreign country or state;
  • (b) in the case of a settlor or beneficiary that is a corporation,
    • (i) the return must state the name, contact information, date of birth and social insurance number of each director of the settlor or beneficiary who is a Canadian citizen or permanent resident of Canada, and
    • (ii) in the case of a director who is not a Canadian citizen or permanent resident of Canada, the return must state whether or not the director is a citizen of a foreign country or state and, if so, must state the date of birth and, as applicable, social insurance number or individual tax number of the director and must identify the foreign country or state.
  • (6) The return must state the name, contact information and tax residency status under the Income Tax Act (Canada) of the transferor.

2016-3-56 (B.C. Reg. 111/2016); 2018-4-59.