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Goods and Services Tax

By Marie-Yosie Saint-Cyr, LL.B. Managing Editor | < 1 Minutes Read November 2, 2016

Business tax information just got clearer!

The Canada Revenue Agency (CRA) has announced that it has redesigned the correspondence it sends to Corporations regarding their business tax information, including individual Canadians, and Goods and services tax/harmonized sales tax (GST/HST) notices of assessment (NOA) and notices of reassessment (NOR). The CRA has made changes to how the notices are structured, designed, formatted, and written, making the information easier to read and understand.

Article by Marie-Yosie Saint-Cyr, LL.B. Managing Editor / Business, Finance and Accounting / business tax information, Canada Revenue Agency, corporations, CRA, Goods and Services Tax, GST/HST, harmonized sales tax, Income Tax Act, Internal Controls, Notice of Assessment, notice of reassessment, taxes

By Adam Gorley | 3 Minutes Read April 29, 2013

Recent tax measures aim to simplify compliance for small business

When I think about taxes—as one can’t help around this time of year—I find it nearly impossible not to think about the trouble our representatives put us through—not only in tax season, but throughout the year. Except for a few lucky individuals, taxes are confusing; if they weren’t, we wouldn’t need a massive (and growing) class of citizens to explain them to us—or to simply take them out of our hands. And when politicians say they want to make taxes simpler or less burdensome—and they often do say these things—they almost always want to add some tax measure or another (i.e., complicate matters) rather than take any away (i.e., simplify).

Article by Adam Gorley / Business, Finance and Accounting / bureaucracy, business number, Canada Revenue Agency, compliance, CRA, federal business number, G-7, Goods and Services Tax, GST, harmonized sales tax, HST, My Business Account, red tape, red tape reduction, small business, Streamlined Accounting, Streamlined Accounting Thresholds, tax compliance, tax season, taxes

By Adam Gorley | < 1 Minutes Read May 2, 2012

Rules to reinstate BC sales tax regime proposed

In case you missed it, in February, the federal Department of Finance announced its "Transitional rules relating to the elimination of the harmonized sales tax in British Columbia." BC is aiming to revert from the unpopular harmonized sales tax to separate provincial and federal sales taxes by April 1, 2013.

Article by Adam Gorley / Payroll / BC, British Columbia, Canada Revenue Agency, CRA, Department of Finance, Goods and Services Tax, GST, harmonized sales tax, HST, HST elimination, provincial sales tax, PST

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