Stay updated with the latest news, tips, and guidance on tax law from our editorial team.
In 2025, there will be a change in Nova Scotia’s Harmonized Sales Tax (HST) rate, impacting both consumers and businesses. Understanding what this change entails, how it will affect various sectors, and ways to prepare for it is crucial for smooth financial operations. This guide aims to unpack the complexities
Filing taxes can be a daunting task, but using the right tools can make the process much simpler. The Quebec Sales Tax Calculator is designed to help you accurately calculate sales tax, ensuring you file your taxes correctly. In this guide, we will walk you through how to use the
Navigating the complexities of GST and HST rates in Canada can be a daunting task for many businesses. Understanding these tax rates is crucial for compliance and effective financial management. In this blog, we’ll break down the essentials of GST and HST rates, making it easier for you to comprehend
Navigating the world of taxes can be daunting, especially when dealing with recovery and outstanding payments. A good tax lawyer can be your best ally, offering strategies to help you reclaim what you’re owed or minimize what you owe. In this blog, we’ll explore effective tax recovery strategies as explained
Navigating the various taxes in Canada can often feel like a daunting task, especially when it comes to understanding provincial sales tax (PST). In this blog, we’ll break down everything you need to know about PST in a simple, easy-to-understand way. Whether you’re a new business owner, a consumer, or
Businesses are bought and sold every day in the ever-changing corporate landscape. Many business owners can move up quickly and increase their wealth by selling a booming business, while others can profit from purchasing a business that suits them. This constant changing of hands between buyers and sellers can help
The typical Canadian company makes numerous expenditures each year, and they may end up paying a significant amount of GST/HST on these purchases.
Thanks to global markets and the ability to easily engage with other companies and individuals, businesses can smoothly pursue international commercial activities.
International trade opens the door to a much wider variety of goods and services than people could get locally.
When it comes to making money, franchise agreements can be a powerful tool in expanding to wider markets, ensuring the quality and flexibility of the workplace, and increasing profits overall.
Taxation lawyers, whether acting in an external or in-house capacity, increasingly contribute to helping corporations realize their business objectives, particularly regarding corporate transactions, such as corporate restructuring and mergers and acquisitions.
As a business owner, making money matters. One way you might make money is by selling or licensing your intellectual property (IP). Another is by buying or licensing someone else’s intellectual property. What happens when the person you are selling your creation to, or buying a creation from, is outside Canada?
According to the Vancouver Economic Commission, Vancouver is the third-largest film and television production center in North America. The city has gained the nickname “Hollywood North,” and its movie industry continues to grow each year.
Some types of organizations may be able to claim a public service bodies’ (PSB) rebate on the Goods and Services Tax (GST) or the federal portion of the Harmonized Sales Tax (HST) paid on eligible purchases. To claim the PSB rebate, the organization will need to be a charity, qualifying non-profit organization, or “selected” public service body that meets the definitional criteria established by the Canada Revenue Agency (CRA).
A 2024 judgment from the Tax Court of Canada clarified the interpretation of the Excise Tax Act for the purposes of assessing Goods and Services Tax GST on sale of items of real property, such as condominiums, in use for short-term rentals at or just prior to the time of sale.
Taxes can be difficult regardless of location, business type, or income level. This can be especially true of business partnerships in Canada. When two or more business entities are joined in a partnership, it has a significant impact on how each files and prepares for their taxes.
