GST44 – Purchase And Sale of A Business
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 revitalize the economy and promote […]
Claiming GST/HST Input Tax Credits
The typical Canadian company makes numerous expenditures each year, and they may end up paying a significant amount of GST/HST on these purchases.
Tax Considerations For Canadian Businesses Expanding Internationally
Thanks to global markets and the ability to easily engage with other companies and individuals, businesses can smoothly pursue international commercial activities.
The Impact Of Canadian Tariffs On Importers And Exporters
International trade opens the door to a much wider variety of goods and services than people could get locally.
Understanding Tax Implications Of Franchise Agreements In Canada
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.
The Role Of Tax Lawyers In Structuring Corporate Transactions In Canada
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.
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.