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Cryptocurrency mining and GST
If you're involved in cryptocurrency mining, it's crucial to understand the GST/HST implications. Our latest Indirect Tax Alert covers draft proposals affecting Bitcoin mining taxation.
May 4, 2022
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
Audit and accounting Private enterprise Indirect tax Succession and estate planning
Intergenerational transfers with less strings attached (a limited time offer)
Many family-owned businesses have faced higher tax burdens when transitioning their business within their family.
Jul 20, 2021
Audit and accounting Private enterprise Indirect tax Tax advisory
2021 Newfoundland and Labrador provincial budget tax highlights
On May 31, 2021, the NL government released its 2021 budget. The following are highlights of the key tax measures.
Jun 4, 2021
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
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 <em>Income Tax Act</em> 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. Section 315 of the <em>Excise Tax Act </em>(ETA) provides that, where a notice of assessment is issued, any amount assessed (including interest and penalties) becomes payable “forthwith” – meaning immediately.
Mar 24, 2021
Business advisory services Private enterprise Indirect tax Tax advisory
2021 Alberta provincial budget tax highlights
On February 25, 2021, the Alberta government released their 2021 budget. The following are highlights of the key tax measures.
Mar 12, 2021
Audit and accounting Indirect tax Tax advisory
Medical practitioners and GST/HST registration: an update
In Canada, governments at all levels and of all political stripes struggle to deal with the rising costs associated with delivering quality health care to Canadians. They strive to pay for the services patients need and demand when they visit their doctors, dentists, psychologists, orthodontists and other members considered under the Excise Tax Act (ETA) as “practitioners” and “medical practitioners.”
Sameer Noormohamed Mark Bloch Dec 11, 2020
Business advisory services Audit and accounting Private enterprise Indirect tax
Fall 2020 Economic Statement – sales tax update
With their most recent economic update, the federal government announced several new sales tax measures aimed at levelling the playing field between Canadian-owned and operated businesses and non-resident businesses that operate outside of Canada. Principally, these announced changes focus on foreign digital content services and supplies of intangibles in Canada.
Sameer Noormohamed Mark Bloch Dec 9, 2020
Audit and accounting Private enterprise Indirect tax Tax advisory
Deadline for QST returns and payments postponed
In response to the economic impact of the COVID-19 pandemic, the Québec government has postponed the deadline for filing QST returns and making the attendant payments. This will apply to filings and payments due between March 27 and June 1, 2020, with June 30, 2020 serving as the new deadline. For reporting periods with filing deadlines that fall after June 1, 2020, the filing and payment deadlines stipulated in the tax legislation will still apply.
Apr 1, 2020
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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