Canadian Dentistry and GST/HST
Canada’s tax laws can be confusing, leading Canadian dentists to question how GST and HST apply within their practices. In order to calculate taxes properly, it is necessary to first determine whether the province charges GST, HST, or PST, and at what rate. Business owners also need to be aware that the tax rules for […]
How To Look Up GST/HST Number
Canadians may need to look up a GST number to confirm that a business charging them tax is a GST/HST registrant. Businesses may also need to confirm their own GST/HST number after registering. In either case, looking up a GST/HST number is a relatively simple process. However, other GST/HST tax matters can be more complicated. […]
Annual Information Returns – Select Listed Financial Institutions
In Canada, individuals or businesses that meet the definition of a listed financial institution must file GST/HST or QST annual information returns. Filing the appropriate tax forms is essential to ensuring compliance with Canadian law, yet determining whether a person is a listed financial institution can be complex and may require extensive knowledge of the […]
Selling Into Manitoba? Manitoba PST Registration Rules
Manitoba has a Provincial Sales Tax (PST) that applies to the sale of most goods sold or purchased in Manitoba. The PST also applies to some services within Manitoba. Manitoba PST is sometimes known as RST or Retail Sales Tax. Manitoba’s RST is a flat seven percent tax that is based on the sale price […]
How To Interpret A Tax Treaty
Many people may benefit from a tax treaty and not even realize it. These treaties often establish a relationship of reciprocity between the participating nations. Typically, this means that for whatever benefits you might receive in one country, a citizen of that country would receive equivalent benefits in your country of origin. However, understanding tax […]
Singh v. Canada: Learning About TFSA Penalties
In Singh v. Canada, Susie Singh placed money from the sale of her home in her tax-free savings account (TFSA) in 2015. In 2018, Singh learned that she owed taxes due to overcontributions to her account and applied for relief from those taxes in 2019 twice. She was denied both times. In 2022, Singh received […]
The Ultimate Guide To PST In Saskatchewan
Provincial Sales Tax (PST) is a sales tax that applies to all taxable goods and services in Saskatchewan. PST applies to both sales that occur within Saskatchewan and goods and services imported and consumed or used in Saskatchewan. This sales tax applies to both new and used goods; it even applies to rental transactions. Although […]
Are Groceries Taxable In Canada? Understanding When GST/HST Applies On Grocery Purchases
GST is short for “Goods and Services Tax.” This tax applies to most goods and services sold or provided throughout Canada. The GST has also been combined with the provincial sales tax in a few areas, including Ontario, Nova Scotia, Labrador, New Brunswick, Newfoundland, and Prince Edward Island. This combined sales tax is called the […]
Understanding The Basics Of The Canada-US Tax Treaty
Income tax treaties are implemented to prevent double taxation of citizens who are living abroad. The United States has income tax treaties with 58 countries, including Canada. While each tax treaty has the same general purpose, the specific provisions of each treaty vary. Canadians earning U.S. income and Americans working in Canada should both understand […]
A Guide To The Taxation On Gambling Winnings In Canada
Taxation on gambling winnings in Canada can be a tricky business. While professional gamblers are subject to taxes appropriate to their line of business, Canadian citizens who gamble as amateurs benefit from an exemption on income earned through gambling. Even amateur gamblers, however, are required to keep track of their gains and pay taxes on […]