Canadian Energy Traders & GST/HST Collection Obligations
Over the past few years, there have been many misunderstandings surrounding Canadian energy traders & GST/HST collection obligations. A few of the issues stem back to a 2014 administration’s decision by the Canadian Revenue Agency to take a more restrictive approach to Section 144 of the Excise Tax Act. As a result, it changed how […]
CRA GST/HST Project – Use of Staffing Agencies
Many employers in Canada hire staffing agencies, which are often referred to as temporary labour agencies, in order to get cheap temporary help at their company. Recently, the Canada Revenue Agency (CRA) has ramped up tax audits of staffing agencies and business that contract these agencies. The national GST/HST project on staffing agencies has revealed […]
B.C. PST Rebate on Select Machinery and Equipment
The B.C. Government implemented the “PST Rebate on Select Machinery and Equipment” as a temporary provincial sales tax (PST) program to help corporations recover from the financial impacts of COVID-19. The rebate is separate from the existing BC PST Refund process. Under this temporary program, corporations can apply to a rebate of the PST they […]
Exporting Vehicles and the Agency-Principal Relationship in Canada
Some consumers have found that the cost to purchase a vehicle in Canada is almost 25% to 50% cheaper than making the same purchase in other countries. A few exporters know about Canada’s “gray market.” This point variance offers the perfect opportunity for Canadian automobile businesses to export their vehicles at a significant profit. However, […]
The Gig Economy And Canadian Taxes
The rapidly expanding gig economy in Canada provides countless opportunities to work from the comfort of your home and perform other “gig jobs.” There are an abundance of websites that support finding and posting gig jobs or projects, including but not limited to Fiverr and Upwork. Being a gig worker has a number of benefits: […]
Are POS Machine Providers Making Taxable Supplies?
Are POS Machine Providers Making Taxable Supplies? The Canada Revenue Agency (CRA) has recently initiated an audit program that is targeting member service providers who are engaged in credit card services, including businesses that provide point-of-sale (POS) systems to merchants. This new initiative can muddle tax issues for these providers who may be left wondering, […]
The GST/HST Self-Assessment Rules
The goods and services tax (GST) and harmonized sales tax (HST) are two important types of tax that the Canada Revenue Agency (CRA) collects. Combined, these taxes bring millions of dollars into the economy each year. One factor that makes GST and HST taxes rather complicated is the requirement for self-assessment. GST/HST self-assessment rules vary […]
What Are GST/HST Carousel Schemes?
The Canada Revenue Agency (CRA) is responsible for collecting various taxes, including the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST). When the government does not collect the amount of tax it is due, the CRA may begin initiatives (audits and investigations) targeted to collect this missing revenue. One of the latest […]
New GST/HST Rules for Airbnb Properties
New GST/HST Rules for Airbnb Properties Come into effect July 1, 2022 The New GST/HST Rules As a result of changes to the GST/HST legislation, Airbnb is going to adjust how it handles GST/HST effective July 1, 2022. Under these new rules, GST/HST will apply to all short-term rentals made through the Airbnb platform. Where […]
VISA Card Intermediaries Exempt From GST/HST Tax
Credit Card Intermediaries and the GST/HST Canadian businesses are required to register for the goods and services tax (GST) or in some provinces, the harmonized sales tax (HST). Businesses involved with the supply of most types of goods and services in Canada are required to register for the GST or HST. However, certain types of […]