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E-Commerce Businesses – Do you need to be registered for GST/HST?
Effective July 1, 2021, major changes to the GST/HST regime as it relates to e-commerce and the digital economy came into effect. We previously reported on these measures when they were first announced in the Fall Economic Statement 2020 and...
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Budget 2021 – Tax enforcement, audits, and oral interviews
Recently, Chrystia Freeland, Deputy Prime Minister and Minister of Finance, presented the 2021 Budget on behalf of the Government of Canada (“GOC”). Debits and Credits. The cornerstone of any accounting textbook. For the federal government, the debits (spending) have not...
Dernières nouvelles au sujet du budget : Taxe de vente, taxe d’accise et taxe sur les services numériques
Le 19 avril 2021, la vice-première ministre et ministre des Finances Chrystia Freeland a procédé au dépôt du budget fédéral (le « budget de 2021 »). Le budget de 2021 confirme les mesures déjà annoncées le 30 novembre 2020 dans le document...
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What a non-resident vendor of goods needs to know about Canadian sales tax
When the federal goods and services tax (“GST”) was introduced in 1991, “Seinfeld” was on the air and most consumer goods were purchased at brick and mortar stores. Fast forward to 2021 and puffy shirts can be purchased online from...
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Expansion to BC PST registration and collection rules effective April 1, 2021
In Provincial Budget 2020, measures were announced that would require businesses not otherwise carrying on business in British Columbia (“BC”) to register for and collect PST. Amendments to the Provincial Sales Tax Act (British Columbia) (“BC PSTA”) were supposed to...
Série de portraits d’avocates dans Droit Inc.
Droit Inc.
À l’occasion de la Journée internationale de la femme, Droit-Inc propose une série de portraits d’avocates passionnées et inspirantes qui ont su conjuguer leur pratique avec leur vie de femme et leurs convictions personnelles. Claudia Desjardins Bélisle | Associée |...
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COVID-19 relief for resource companies: Resource issuers may rely on proposed extensions
Resource companies that have issued flow-through shares shortly before or during the global COVID-19 pandemic may have faced difficulties, including the shutdown of mines, incurring eligible resource expenses within the normal timelines required under the Income Tax Act (Canada) (the...
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Proposed limits on employee stock option deductions
Introduction The long-standing tradition of using employee stock options to reward and retain employees in Canada is expected to change for some employees due to limits proposed by the federal government to the current advantageous tax treatment available to employees...
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Audit First, Pay GST/HST Tax Refunds (Much) Later
Canadian Tax Focus, Volume 10, Number 4, November 2020
GST/HST registrants who commonly make zero-rated supplies often file a return claiming a net tax refund, relying on the prompt payment of that refund in order to finance their businesses. The minister is required to pay the refund « with all...
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Retroactive changes to Saskatchewan PST applies to out-of-province online businesses
Saskatchewan imposes a 6% provincial sales tax (PST) on the retail sale or lease of most tangible personal property and taxable services (which includes software) consumed or used in the province. Where a sale of goods occurs in a brick-and-mortar...
