"In accordance with applicable section of the Labrador Inuit Land Claims Agreement, Municipalities Act(1999), and The Act Respecting the Taxation of Utilities and Cable Television companies, the Makkovik Inuit Community Government has imposed the following taxes and fees for the 2019 year."
"This paper makes the case that broad-based taxation by First Nations governments would enhance their governance practices. The study relies on comparative government and public finance literatures as well as interviews with First Nations that have already imposed some form of taxation. It examines both the advantages of taxation and the ‘curse’ of revenue that does not arise from broad-base taxation - such as oil or natural resource wealth."
"Based on a much longer paper, this IOG brief explores the linkages between taxation and good governance. It suggests some of the positive effects of introducing broad-based taxation on reserve, and provides options and advice on how First Nations could introduce taxation in their communities."
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.
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.
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.
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 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.
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.
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.
