5 Major Developments in Canada

5 Major Developments in Canada

• Proposed “last sale” rule in customs valuation to increase cost of doing business in Canada

• Canada Sales Tax: Claiming input tax credits (ITC)

• Canada’s proposed regulations amend valuation for duty rules for imported goods

• Federal budget (Bill C-47) enacted, covering GST/HST treatment of payment card clearing services, pension plans and cryptoasset mining

• Canada Proposes “last sale” rule in relation to Customs Valuation

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Composite Supply

• Tax Court of Canada judgement about nursing & home care services

Cryptocurrency and NFT

• Federal budget (Bill C-47) enacted, covering GST/HST treatment of payment card clearing services, pension plans and cryptoasset mining

Customs

• Proposed “last sale” rule in customs valuation to increase cost of doing business in Canada

• Canada’s proposed regulations amend valuation for duty rules for imported goods

• Proposed changes to Canadian customs valuation rules: Implications for importers

• Canada Proposes “last sale” rule in relation to Customs Valuation

Deduction (Input Tax Credit)

• Canada Sales Tax: Claiming input tax credits (ITC)

• The CRA’s Approach To Accommodation Invoice Tax Schemes

E-Commerce / Electronic Services

• B.C. PST — Notice 2023-004 — Online Market Place Framework

• Proposed tax measures in Bill C-47 and implications for non-resident VAT

Excise

• Changes to the definition of ‘financial service’ under the Excise Tax Act

Exemption

• Federal budget (Bill C-47) enacted, covering GST/HST treatment of payment card clearing services, pension plans and cryptoasset mining

• Case: Prospera Credit Union – financial services exemption

• Plans to clarify the applicability of GST/HST relief to the international transportation of money

• GST/HST treatment of payment card clearing services

• Tax Court of Canada judgement about nursing & home care services

• Canada Bank Seeks Millions in Sales Taxes It Says Paid in Error

Fiscalization

• Québec: New cash registers system awaits restaurateurs

Fraud / Tax Evasion

• GST/HST Tax Fraud Is A ‘Special Operation’

• GST/HST tax fraud ‘special operation’ at Canada Revenue Agency

Importation

• Canada’s proposed regulations amend valuation for duty rules for imported goods

• CARM: Canada´s New Importing Project

Invoice

• When to Charge GST/HST in Canada?

• The CRA’s Approach To Accommodation Invoice Tax Schemes

Refund

• Canada Sales Tax: Claiming input tax credits (ITC)

Registration

• When to Charge GST/HST in Canada?

Reporting / Compliance

• When to Charge GST/HST in Canada?

• KPMG Week in Tax: 15 – 19 May 2023

• Financial institutions’ annual GST/HST and QST returns due 30 June 2023

Supply of Services

• Budget 2023: Proposed GST/HST Amendments Affect The Scope Of Financial Services

Taxable Amount

• Canada’s proposed regulations amend valuation for duty rules for imported goods
• Proposed changes to Canadian customs valuation rules: Implications for importers
• Canada Proposes “last sale” rule in relation to Customs Valuation

• Canada Federal budget 2023/24: GST impact

Taxable Person

• Indirect Tax Talks: Key GST/HST and QST rules for investment limited partnerships

• Canada Federal budget 2023/24: GST impact

Taxable Transaction

• Hootsuite Inc. v British Columbia: cloud computing services not subject to B.C. PST

• Plans to clarify the applicability of GST/HST relief to the international transportation of money

• Federal Federal budget: Changes to the definition of “financial service” under the Excise Tax Act

• Canada Federal budget 2023/24: GST impact

• Tax Insights: 2023 Federal budget ─ GST/HST and financial institutions

Transfer Pricing

• Proposed changes to Canadian customs valuation rules: Implications for importers