Warning: claiming false GST/HST refunds is a crime and will result in serious consequences

The Canada Revenue Agency (CRA) is taking action to stop various schemes used by people to claim unwarranted goods and services tax/harmonized sales tax (GST/HST) refunds. If you are thinking about participating in such a scheme, you should know that you will face serious consequences if you do. The CRA reminds businesses that supporting documents…

Harper Government Announces Tax Relief for Hospital Parking

Patients and Visitors Would No Longer Pay GST/HST on Hospital Parking Under Proposal January 24, 2014 – Ottawa, Ontario – Department of Finance Finance Minister Jim Flaherty today announced proposed amendments to the Excise Tax Act to provide an exemption from the Goods and Services Tax/Harmonized Sales Tax (GST/HST) for hospital parking for patients and visitors. Interested…

GST/HST Technical Publications – GI-099, GI-118

The following revised documents are now available on the CRA Web site:    GST/HST Info Sheet: GI-099,  Builders and Electronic Filing Requirements http://www.cra-arc.gc.ca/E/pub/gi/gi-099/README.html?utm_source=gst-hst_technical_publications&utm_medium=eml GST/HST Info Sheet: GI-118, Builders and GST/HST NETFILE http://www.cra-arc.gc.ca/E/pub/gi/gi-118/README.html?utm_source=gst-hst_technical_publications&utm_medium=eml

Deadlines

The February 15th deadline for payroll remittances is now come and gone.  These are the deadlines now quickly coming up: February deadlines: February 28 – 1. corporations with November year ends to pay their corporate taxes, and August year ends to file their corporate tax returns. 2. T4 summaries and slips and T5 summaries and slips…

GST/HST Memorandum: 17.7 De Minimis Financial Institutions

17.7 De Minimis Financial Institutions February 2013 NOTE: This version replaces GST Memorandum 700-4, De Minimis Financial Institutions. This memorandum explains the meaning of the term “de minimis financial institution” and provides details on how to determine whether a person is a de minimis financial institution for the purposes of the Excise Tax Act. Disclaimer:The information in this memorandum does not…

Deadlines

Today, January 31, 2013 is the deadline for corporations with October year ends to pay their corporate taxes, and July year ends to file their corporate tax returns.  Also, those companies with October year ends and December quarter ends have GST returns due, as well as all monthly GST filers. February deadlines: February 10 –…

Morinville painter fined $14,096 for tax evasion

Edmonton, Alberta, December 14, 2012… The Canada Revenue Agency (CRA) announced today that Anthony Banks recently pleaded guilty in Alberta Provincial Court to charges of tax evasion and was fined $14,096. The fine represents 50% of the federal taxes and goods and services tax (GST) that he evaded. The charges are in connection with Mr. Banks’…