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Development

GST/HST Information for the Travel and Convention Industry [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

We list the major changes below, including changes that have been announced but were not law at the time of printing this guide. If they become law as proposed, they will be effective as of the dates indicated. For more information on these and other changes, see the areas outlined in colour in this guide.

Documenting the Use of a Vehicle [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

When a vehicle is used partially for business purposes and partially for other purposes, the expenses relating to its use must be apportioned. Only those expenses relating to the business travel or commercial activity are considered eligible for a business deduction and for input tax credits on GST/HST. The proration in such cases is done based on the distances driven. To support a deduction or claim, the person must know and be able to demonstrate the distance travelled for business purposes and commercial activities.

Mandatory Internet Filing for T2 Corporation Tax Returns [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

This change is a move to increase the efficiency of government while also delivering service and value to taxpayers. This change is also consistent with other leading tax administrations. More than 90% of corporate tax filers produce their returns using commercial software today, so this is about how they transmit the information to the CRA. Having large corporations make use of available technology not only makes good business sense, but it also supports sustainable development.

T2 Corporation - Income Tax Guide - 2011 [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

The law allows Statistics Canada to access business taxpayer information collected by the Canada Revenue Agency (CRA). Statistics Canada can now share with provincial or territorial statistical agencies, for research and analysis purposes only, data concerning business activities carried out in their respective province or territory.

The Underground Economy [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2019

The underground economy typically involves commercial activity that is unreported for tax purposes. It is of concern to the CRA, as well as all provincial, territorial and municipal jurisdictions, and all law-abiding businesses and individuals across the country.

Will you do the job for cash? It’s risky business [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

Cash payments you receive are subject to GST/HST and you have to report them on your annual income tax return. Failure to do so is tax evasion, which has serious consequences.

Goods and Services Tax/Harmonized Sales Tax (GST/HST) [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

Basic information on how GST/HST works, what is HST, place-of-supply rules, what we mean by taxable, zero-rated, and exempt supplies, importing and exporting, buying or selling a business.

Tax and Land Information Website [Prince Edward Island Government]

Publisher: 
Prince Edward Island Government
Year of publication: 
2012

The Province of Prince Edward Island levies a 10% revenue tax (PST) on the purchase, importation, lease or rental of most goods and certain services. The PST is applied to the retail selling price, including GST, of taxable goods.

Research and Development Tax Credit [Canada Business Network, CBN]

Publisher: 
Government of Canada
Year of publication: 
2012

If your corporation incurs costs from qualified scientific research and experimental development made in Nova Scotia, you could receive a 15% tax credit when you file your taxes.

Keeping Employee Records [Canada Business Network, CBN]

Publisher: 
Government of Canada
Year of publication: 
2020

If you have staff, keeping records on everything from their salaries to their job skills can help you to administer your payroll and plan training.

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by Dr. Radut