Six Ways the GST/HST Rules for Charities and Not-For-Profits Differ from Everyone Else!
Trying to understand the special GST/HST rules which apply to Charities and Not-For-Profit Organizations can be complicated. Especially for someone who has historically only examined the GST/HST rules applicable to ‘For Profit’ businesses. Below is a list of 6 areas where the rules for charities and NPOs differ from everyone else. The GST/HST Registration Threshold. […]
Identifying Previously Missed Input Tax Credit Claims (AKA – Free Money!)
Most organizations involved in ‘commercial activity’ as defined in the Excise Tax Act are entitled to recover the Goods and Services Tax / Harmonized Sales Tax (‘GST/HST’) they have paid – by claiming input tax credits (‘ITCs’) on a GST/HST return filed by them. Below are some of the areas where I find my clients […]
Canada Revenue Audit Playbook – Tips and Strategies for Defending Tax Audits
No one wants to be the subject of a CRA tax audit. In recent years the Canada Revenue Agency (CRA) has doubled the number of auditors it employs. In addition to income tax and GST/HST audits, the CRA also audits specific payment programs such as COVID-19 benefits commonly referred to as the CERB and the […]