Resources & Articles
Commodity Tax (HST)
Structuring Options for Foreign Corporations Doing Business in Canada
If your company is looking to expand into Canada, there are options as to how you go about structuring your business. The two most common...
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PERSONAL USE ASSET IN A CORPORATION: GST/ HST and Other Tax Issues
A number of issues may arise if a shareholder uses a corporate asset personally without providing the corporation with fair market value (FMV) consideration. Barring...
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Ontario HST Recaptured Input Tax Credit Phase Out – Final Reminder
As you may remember, when the Ontario PST and GST were harmonized in 2010, large corporate groups with over $10,000,000 of taxable sales were subject...
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GST On-Call Fees
The recently released Excise and GST/HST News – No. 101 provided the Canada Revenue Agency’s interpretation Section 5 of Part II of Schedule V to...
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Claiming Input Tax Credits for Orthodontists
Medical practitioners who specialize in orthodontics may provide their supplies in different ways. The tax status of these supplies under the Excise Tax Act (ETA)...
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GST/HST Input Tax Credit (ITC) Documentation
Based on our experience, the majority of the issues that arise on a GST/HST audit has to do with documentation, or a lack there of....
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Unreasonable Management Fees
Recently the Canada Revenue Agency (CRA) has attacked HST/GST input tax credits (ITCs) that relate to, what they believe are, unreasonable management fees. The CRA...
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Claiming GST/HST on Bad Debts
Canada Revenue Agency (CRA) is challenging taxpayers regarding recovering the HST component of their bad debts. The technical requirement to claim a bad debt write-off...
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Non-Arm’s Length Supplies
It is not uncommon for a supply to be made for nil consideration or for consideration that is lower than the fair market value of...
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Late-filed Section 156 Elections and Revocations
As follow up to prior articles , in July of 2016, the Canada Revenue Agency (CRA) released P-255, Late-filed Section 156 Elections and Revocations. The...
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