Dad owns a small airplane together with his adult son. Dad is also registered for GST due to sole prop. farming income. The son is not a GST registrant. The dad is also a 50/50 shareholder with his wife of the family run small business corporation. For what is worth the corporation also owns a small aircraft which is used by the corporation.
Is the father required to collect GST on the sale of the privately owned aircraft? I think this maybe similar to how GST applies to private owned automobiles. Can someone point me in the right direction? Thanks