Tax Law Tips & Guidance

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

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.

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.

In Canada, the government offers a variety of tax benefits to individuals and businesses that engage in renewable energy projects. These incentives can promote sustainable practices and provide financial advantages for those involved in the green energy sector

The Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) apply to the sales of goods and services in Canada and, when required, must be remitted to the Canada Revenue Agency (CRA)