Latest updates on sales and other indirect taxes
Amyot Gélinas S.E.N.C.R.L. would like to provide you with the latest information from the tax authorities regarding sales taxes and other indirect taxes in Quebec. TAX REGISTRANT, OBLIGATIONS AND ADVICE : You must file your tax returns by the usual deadlines Pay net taxes as soon as possible or no later than June 30, […]
Deferral of payment of GST/HST and QST returns
As of today, the federal and provincial governments have announced new measures concerning GST/HST and QST returns. The governments wish to offer support to businesses during this difficult period by authorizing the deferral of payment of taxes due until June 30, 2020 at the latest. It should be noted that no measures have been specified […]
The impact of tax measures
You’ve no doubt noticed that the tax authorities are working hard to reduce the tax burden on taxpayers. Many of you have contacted us to find out more about the impact of these tax measures. That said, as of Friday, March 20, Groupe Amyot Gélinas would like to inform you that no measures have been […]
GST/QST, How to correct a mistake without affecting your finances too much?
The complexity of sales tax rules can lead to misunderstandings and errors in their application. Also, errors in transaction accounting may occur in accounting systems, resulting in taxes not being properly reported on tax returns. How can this be corrected without excessive cost?
Who is obliged to keep a travel register?
Owning and using a vehicle as part of a business can be a headache for managers and executives. The tax rules governing this type of asset are many and complex, both in terms of deductibility for tax purposes and the application of sales taxes. The purpose of this article is to talk specifically about the notion of keeping a travel logbook, an obligation for whom in fact?
Gradual elimination of ITR restrictions for large companies.
In these times of gloomy income tax announcements, there’s good news on the horizon for the QST.
Indeed, as announced in the 2015-2016 provincial budget, Revenu Québec will be phasing out restrictions on input tax refunds (“ITRs”) for large businesses. For clarification purposes, a company is considered a large business, in the QST regime, when its total taxable sales made in Canada, as well as those made by companies associated with it, exceed $10 million per fiscal year.
RESPONSIBILITIES OF NPO DIRECTORS: Do you know the risks?
Many of us sit on the boards of various not-for-profit (“NPO”) organizations, from sports associations to charities. Few, however, are aware of the responsibilities that may arise from this involvement, often carried out on a voluntary basis. Sections 323 of the Excise Tax Act and 24.0.1 of the Tax Administration Act provide that where a […]