It is well known that a GST/HST-registered person can purchase certain types of commercial real property without paying GST/HST to the vendor. Under subsection 221(2) of the Excise Tax Act (Canada) ...
Dealers, advisors brace for July 1 implementation deadline The Canada Revenue Agency (CRA) has changed its longstanding ...
The Canada Revenue Agency (CRA) has made a significant reversal of its longstanding administrative position on the GST/HST treatment of mutual ...
In response to a recent tax interpretation determining that mutual fund trailing commissions will be subject to sales tax ...
Are you in the market for a new home in Canada? One crucial benefit that Canadian home buyers should be aware of is the HST/GST new housing rebate. The Canadian government, well aware of the problem ...
This week, an employee asked me a personal finance question. It was an easy question, so I finished my response with “It’s not rocket science.” But to be fair, when it comes to taxes on real estate, ...
The GST/HST credit is a quarterly benefit that deposits tax-free money directly into your account, designed to help offset the cost of living by putting cash directly into the pockets of Canadians. If ...