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 […]

CRA Can Now Require Oral Interviews Of Taxpayers

CRA Can Now Require Oral Interviews Of Taxpayers The Canada Revenue Agency (CRA) has broad powers of audit that allow it to request records, documents, and evidence from taxpayers. Facing a need for increased revenues and a desire to collect unpaid taxes, the Government of Canada expanded these powers in its 2021 Federal Budget. Due […]

Guide To Quebec Sales Tax

Guide To Quebec Sales Tax Those who conduct commercial activities in Quebec are required to register for both the Goods and Services Tax (GST) and the Quebec Sales Tax (QST). For new business owners, fulfilling these requirements may seem overwhelming at first. Canadian tax law can be complicated and confusing, even for those who operate […]

Changes to ITC Information Requirements

Changes to ITC Information Requirements In April 2021, the Canadian government implemented changes to ITC information requirements, which could have major implications for Canadian businesses. These changes are expected to make claiming Canadian Input Tax Credits (ITC) easier for business owners. Business owners should be aware of these changes and ensure that they follow the […]

Deferral Of GST And HST Taxes

Are you Facing Challenges as a result of the Deferral of your GST/HST In an effort to support distressed businesses during the COVID-19 pandemic, the Canada Revenue Agency (CRA) extended the time limit for business owners to file certain tax amounts collected, including GST and HST taxes. However, the deferral of GST and HST taxes […]

CRA Ramping Up Audits

Audit Activity in Canada The Canada Revenue Agency (CRA) is responsible for administering tax laws for the Canadian government, including most provinces and territories. During a recent Canadian Tax Foundation’s Ontario Tax Conference in Toronto, the CRA reported that it had identified $1.185 million from audits of small and medium-sized businesses for fiscal year 2018-2019. […]