22 November 2011 External T.I. 2011-0404021E5 F - Revenu des entrepreneurs -- summary under Timing

CRA takes the position that renovation of buildings or work on water supply and sewage systems is not a "construction activity" under IT-92R2, and, therefore, the completion method is not available for such contracts. Where only some of the contracts performed by contractors are covered by IT-92R2, they may use the completion method described in para. 12 of IT-92R2 only in respect of the construction contracts.