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Audit and accounting Private enterprise Indirect tax Tax advisory
Is the sale of vacant land by an individual subject to GST/HST?
The sale of vacant land can be taxable or exempt for purposes of GST/HST under the Excise Tax Act. Generally, vacant land sold by individuals is exempt, subject to certain exceptions.
Oct 22, 2021
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Audit and accounting Indirect tax Tax advisory
Unreported cryptocurrency: Is voluntary disclosure the right option?
As most cryptocurrency holders are now aware, Coinsquare Ltd. and the Minister of National Revenue have come to an agreement regarding the disclosure of Coinsquare customer account information to the Canada Revenue Agency (CRA).
Riccardo Zerbino Apr 6, 2021
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Audit and accounting Private enterprise Indirect tax Tax advisory
Pay now… or maybe not?
Where a person receives an assessment for income tax purposes and files an objection, the Income Tax Act prevents the CRA from taking collection measures in most cases until the objection is settled. However, the CRA is not subject to the same restraint where a person is assessed for GST/HST purposes.
Mar 24, 2021
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Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Custom farm services and the pitfalls of GST/HST
Most farmers are aware that they must charge GST/HST on custom work, but are you aware that you may need to charge GST/HST on supplies on which you did not pay GST/HST? If you operate a custom services business providing the application of fertilizer or chemical to farmers in Canada and your business is registered for HST, you should be aware of a policy statement published by the Canada Revenue Agency (CRA) affecting HST on those crop inputs.
Dec 19, 2019
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Business advisory services Audit and accounting Indirect tax Tax advisory
GST/HST and QST filing deadlines for financial institutions
GST/HST and QST registrants that are financial institutions may be required to file a GST 111 – Financial Institution Annual Information Return. Those that are also selected listed financial institutions (SLFIs) are required to file an SLFI return.
Sameer Noormohamed Dec 4, 2019
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Business advisory services Audit and accounting Private enterprise Indirect tax Tax advisory
Are sales and renovations of used residential houses GST/HST exempt?
The common belief that the sale of a used residential house is always exempt from the Goods and Services Tax / Harmonized Sales Tax GST/HST is not absolutely correct.
Apr 4, 2019
A bright white iceberg, half submerged in turquoise waters.
Audit and accounting Private enterprise Indirect tax Tax advisory Succession and estate planning
Post-mortem planning after TOSI
The Tax on Split Income (TOSI) regime has had significant impact on tax planning strategies for owner-managed businesses.
Sarah Netley Dec 4, 2018
117 PEOPLE
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Farm corporations: you don’t need to “go all in”
Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.
Sep 21, 2018
02 AR
Indirect tax
Application of GST/HST to Condominium Fees
Provinces have legislation that allows for the creation of not-for-profit entities to collect fees from owners of certain real property to pay expenses for the upkeep and maintenance of the property. These entities are often known as condominium corporations. The issue then arises as to whether or not GST/HST applies to the fees being charged.
Aug 7, 2014
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Indirect tax Tax advisory
Oh! Taxman, what big teeth you have!
Today, no one seems to doubt the existence of tax havens. But tax hell... does it exist? Based on the testimony of taxpayers and tax practitioners, one might wonder. Reports of abuse and misconduct by the tax authorities seem increasingly common.
Mar 5, 2014
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Indirect tax Tax advisory
Providing services to a non-resident? Prove it!
This article is to shed light on the age-old question – are the services I am providing to a non-resident exempt from tax or not? As is true of most questions relating to sales tax implications, there is no clear-cut answer. To answer this question, you need to contemplate several other questions first.
Feb 3, 2014
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