Tax Implications Of Cross-Border Intellectual Property Licensing For Canadian Companies
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?
Exploring Tax Breaks For Film And Television Production Companies In 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.
GST/HST: Public Service Body Rebates
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).
The Role Of Transfer Pricing In International Business Taxation For Canadian Companies
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.
Tax Implications Of Joint Ventures And Partnerships In Canada
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.
Tax Benefits Of Investing In Canadian Renewable Energy Projects
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
Small Supplier Threshold – Who Needs To Register For GST/HST
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)
Understanding Tax Obligations For An E-Commerce Business In Canada
In the past few decades, e-commerce has become an increasingly important part of the Canadian economy. Individuals eager to turn their talents and hobbies into a source of supplementary income, as well as major corporations, have taken advantage of the wider markets facilitated by the internet to find new customers for their products and services. […]
Determining GST/HST Implications For A Condo Unit: A Case Study
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.
What Is The Environmental Tax Incentive In Canada?
Countries worldwide have introduced various initiatives to tackle the challenges presented by climate change while fostering economic growth. A key initiative in Canada was the introduction of the Greenhouse Gas Pollution Pricing Act in 2019, establishing the federal pollution pricing framework. Per the Canada Revenue Agency (CRA), carbon pricing pollution refers to an effective method […]