Has your corporation acquired (or constructed or renovated) a commercial or industrial building in Ontario since March 25, 2020? If so, your corporation may be eligible for a refundable tax credit of up to $90,000 for each taxation year in which a qualifying investment has been made. A number of requirements apply in order [...]
Four Canadian provinces have provincial sales taxes that that are separate from the federal GST/HST. Each provincial sales tax presents unique concerns. What should U.S. businesses know about Quebec, British Columbia (BC), Saskatchewan and Manitoba? In Canada, the federal Goods and Services Tax / Harmonized Sales Tax (GST/HST) applies to taxable supplies in all [...]
When assisting clients with succession planning, we typically have conversations about the costs and benefits of available options to achieve desired objectives. Sometimes, this includes discussions about technical roadblocks that need to be overcome. Regarding the transfer or division of family businesses, recent amendments to the Income Tax Act (ITA) found in Bill C-208 provide [...]
U.S. businesses making sales to Canadian customers should know whether their activities require them to register for Goods and Services Tax/Harmonized Sales Tax (GST/HST). Even if you don’t have a permanent establishment in Canada, you may be required to register to pay GST/HST. GST/HST is a value-added sales tax that applies to the supply of [...]
