Simply Canadian Sales Taxes ... GST, HST, QST and Provincial Retail Sales Taxes

THE CHANGES CONTINUE ...

Two newsletters have been released for December 2017.

1 - Changes for 2018

2 - Taxable Benefit Time

It will be a happier 2018 due to changes to CRA's social events policy.

Beginning in 2018 Social Event Threshold Increase
If you provide a free party or other social event to all your employees and the cost is $150 per person or less, it is not considered to be a taxable benefit. Additional costs such as transportation home, taxi fare, and overnight accommodation are not included in the $150 per person amount.
If the cost of the party is greater than $150 per person, the entire amount, including the additional costs, is a taxable benefit.
 
Are employee expense reports still a challenge? Join Diane on February 21 for live webinar dealing with GST/HST recovery issues related to employee reimbursements and allowances. Please go to webinar page to register.
 
----  Live webinars will continue in 2018. New GST and HST webinars will be added each month.  
Click here to view the current offering and to register   

The winter CPA Ontario schedule has included GST/HST courses for 2018. To register go to the CPA PD event registration portal and search "gaudon".  All my courses will be listed.

Get ready for March 1st, 2018 changes to the voluntary disclosure program for GST and HST

Click here to see the October 2017 newsletter for more information.

 Other changes to the GST/HST...

Ontario large business recaptured input tax credit phase out continues.

On July 1, 2017 the restriction rate is reduced to 25%. Refer to CRA Info Sheet GI-171,  Phasing out of Recaptured Input Tax Credits in Ontario for more information. The big question for 2018: Is will the restriction be eliminated as promised?

Bottom Line article written by Diane
-
Starting a Business - Non-Accounting Considerations

 Stay current with sales tax changes...

  - SUBSCRIBE NOW to receive NEWSLETTERs
    that include information regarding upcoming training events and

    important sales tax announcements

Specializing in Sales Tax Training and Advisory Services for companies of all sizes

MAXIMUM SAVINGS and

          MINIMUM EXPOSURES

                     with Diane Gaudon, FCPA, FCGA