Resources & Articles

Commodity Tax (HST)


How Does GST/HST Apply When Purchasing a Business?November 22nd, 2018

When you are purchasing a business in a share deal, the GST/HST implications can be fairly straight forward, in that the purchase of shares of...
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Navigating Through a GST/HST AuditOctober 18th, 2018

With over 2.5 million GST/HST registrants, the Canada Revenue Agency (CRA) has the monumental task of trying to administer this tax.  While trying to police...
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Navigating the GST/HST Implications for CryptocurrencySeptember 25th, 2018

Cryptocurrency is becoming more prominent in the virtual marketplace.  We were originally introduced to Bitcoin as a specific type of cryptocurrency years ago; but to...
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Are All Health Care Services GST/HST Exempt?August 21st, 2018

Generally, health care professionals are not registered for GST/HST due to the fact that the majority, if not all, of their services supplied to their...
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CRA MOBILE PHONE APPS: Tools for Individuals and BusinessesJuly 31st, 2018

CRA provides a number of mobile phone apps that taxpayers (individuals, corporations, etc.) can use to assist with their tax obligations. CRA BizApp – An...
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How Do I Correct My GST/HST Return?July 17th, 2018

It isn’t uncommon that you find an error in your accounting records after you have already filed your GST/HST return.  The CRA has stated policies...
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DIGITAL CURRENCY: Basics and Tax ImplicationsJune 27th, 2018

What is Digital Currency (DC)? DC is essentially electronic money. It’s not available as bills or coins. Cryptocurrency is a type of DC created using...
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Ontario HST Recaptured Input Tax Credit Phase Out – ReminderJune 19th, 2018

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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BUSINESS FAILURE: Personal Liability for Corporate Tax DebtApril 3rd, 2018

There are special laws which hold a director personally liable for certain amounts that their corporation fails to deduct, withhold, remit, or pay. Most commonly,...
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INPUT TAX CREDITS: Checking Up On SuppliersMarch 27th, 2018

Do I have to check up on a supplier when paying them GST/HST? Yes! In a January 29, 2016 Tax Court of Canada case it...
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