Let’s face it – The United States does not have a value-added tax and does not have a federal sales tax. The Canadian goods and services tax (“GST”) and harmonized sales tax (“HST”) are foreign in more ways than one. With the expansion of Internet based sales into Canada, we are seeing a lot
President Trump has said that he wants to renegotiate NAFTA. Rather than taking a negative view of change, ask yourself “What is on my NAFTA Renegotation Wish List?”. What changes to NAFTA could benefit your business? What improvements to NAFTA can save your business money? What adjustments will improve your business’ supply chain? What
Canadian businesses, small, medium and large import goods from China. It is a reality in a globalized supply chain. Many Canadian businesses buy Chinese-origin goods from suppliers in a third country (e.g., the United States). Most businesses understand that they must pay all applicable customs duties at the time of importation. Many companies understand
On August 22, 2016, the Canada Border Services Agency (“CBSA”) posted on its website toolkits for small to medium sized enterprises. The toolkits cover (1) importing, (2) exporting, (3) other CBSA resources, (4) other governmental resources and (5) contact information. However, the CBSA did not include the posting of the toolkits in its “Latest
Canada’s sales tax rates chart must be changed again as Prince Edward Island increases its sales tax rate to 15% as at October 1, 2016. Canadian businesses and foreign businesses carrying on business in Canada must update their systems to reflect the new rate for PEI.
Canadian Sales Tax Rates Chart
As at January 1,
In writing this blog post, we are not advocating filing baseless, frivolous, vexatious and retaliatory “service complaints” against Canada Revenue Agency (“CRA”) auditors, collections officers and other employees of the CRA. However, we have learned from the experience of our clients that some legitimate complaints arise from time-to-time. It is in the spirit of transparency
If you have never been audited before, you probably have no idea what to expect. Most audits follow the same 15 stages (more or less). On the taxpayer’s side of things, each stage is stressful.
Canadian taxpayers are entitled to apply to the Canada Revenue Agency for taxpayer relief of penalties and interest. All that is required is for a taxpayer who has been assessed to complete and submit an RC4288 form “Request for Taxpayer Relief – Cancel or Waive Penalties and Interest”. This form can be used for goods
One of the most common mistakes we see taxpayers make during a Canada Revenue Agency (“CRA”) audit is that they do not record what documents were requested by the auditor, what documents were provided to the auditor, and when those documents were provided to the auditor. What is common is that documents are requested by
Canadian Olympians returning home from the Rio Olympics (or any athletic competition for that matter) do not have to pay customs duties and goods and services tax (“GST”) on their medals. No customs duties are payable under Harmonized System (H.S.) Code 98.17, which covers “medals, trophies and other articles (not including usual merchantable products