NOTE: Course login details are normally sent to registrants within one week from date of registration.
Recorded: October 2021
Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs.
The course provides an overview of Canada’s federal sales tax relevant for accountants working with clients or in industry. The who, what and when for GST commences with a review of the three different types of supplies and their significance. The GST and HST place of supply rules are presented in detail with lots of examples because their misinterpretation often creates significant exposures for suppliers located in both non-HST and HST provinces.
Also reviewed are registration, collection requirements, who pays tax, input tax credit entitlements and some cross border issues. The material highlights common sources of errors and assessments frequently discovered during a GST/HST audit or a review of a client’s books and records.
Who pays GST/HST?
GST place-of-supply rules
HST place-of-supply rules
Other collection issues
General recovery rules
Temporary large business restrictions
Employee reimbursements and allowances
Reporting net tax overview
Compliance issue overview
Participants should have a good solid understanding of accounting and bookkeeping principles.
WHO WILL BENEFIT
CPAs and students, practitioners to accountants in business/industry and other advisors who want to obtain a greater understanding of the federal sales tax system in Canada. It will also be beneficial to those who deal with the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on a daily basis or those who would like a refresher and update of trending issues.