Canadian Sales Tax Compliance Challenges for U.S. Companies
Mastering New Provincial Harmonized Sales Taxes, Nexus Standards, and Other Critical Topics
Recording of a 110-minute CLE webinar/teleconference with Q&A
Conducted on Wednesday, March 31, 2010
Recorded event now available
This CLE webinar will provide tax advisors to U.S. companies conducting business in Canada with the latest updates and insights into important sales tax-related developments in Canada. Experienced Canadian tax advisors will outline recommendations for sharpening your company's tax compliance and audit preparation.
Description
Tax professionals at U.S. companies selling goods in Canada face important changes in sales tax compliance and policy. Ontario and British Columbia will convert their provincial sales taxes to harmonized sales taxes (HSTs) effective July 1, 2010, at commensurately higher tax rates.
Thus, U.S. taxpayers are grappling with the new transitional tax regulations, as well as certain pre-implementation regulations that take effect May 1, 2010. Meanwhile, the evolving "doing business in Canada" nexus standard for federal GST and provincial taxes remains a challenge.
U.S. companies must also stay attuned to issues repeatedly arising in Canadian audits, such as whether they have self-assessed tax. Updates from tax advisors who work routinely on federal goods and services tax (GST) and provincial taxes will help your tax staff prepare for Canadian compliance.
Listen as our panel of experienced tax advisors brings you current on important developments involving GST and sales taxes in Canada and offers recommendations for sharpening your company's tax compliance and audit preparation.
Outline
- Upcoming harmonized sales taxes in Ontario and British Columbia effective July 1, 2010
- New HST rates (13% in Ontario, 12% in British Columbia)
- Complying with provinces’ transitional rules for new taxes
- Including certain pre-implementation rules effective May 1, 2010
- Point-of-sale rebates
- Input tax credit restrictions
- Housing industry and new housing rebates
- Complying with relevant CRA Notice 244, Notice 246, Notice 247, other guidance
- Working with CRA’s evolving “doing business in Canada” nexus standard
- Comparison and contrast with U.S. physical presence standard
- Lack of meaningful tests in Canadian courts
- Issues in audits for Canadian federal GST and provincial HSTs or sales taxes
- Emphasis on self-reporting of Canadian version of use tax
Benefits
The panel will address these and other new or evolving developments:
- The new Ontario and British Columbia HSTs: What issues will the transition to the new taxes create for your company, and what are the key terms of related rules and guidance?
- Nexus for GSTs, HSTs and PSTs: Given the lack of court guidance on the "doing business in Canada" standard, what nexus pitfalls must you watch for?
- GST and sales tax audits: On which issues are the Canadian revenue authorities particularly focusing now?
Upon completing this seminar, an attendee will be prepared to deal with compliance and business challenges arising from the new Ontario and British Columbia HSTs. The attendee will also learn new approaches for dealing with key nexus and audit challenges relating to the Canadian GST and provincial taxes.
Faculty
Alan Kenigsberg,
Partner
Stikeman Elliott, Toronto, ON Canada
His tax law practice emphasizes commodity taxation (including goods and services tax and provincial sales taxes) and cross-border issues, among other areas. He belongs to the National Sales & Commodity Tax Section of the Canadian Bar Association.
Kal Ruprai,
Partner, Indirect Taxes
Meyers Norris Penny, Toronto, ON Canada
He has more than 14 years of experience practicing on commodity taxes and has extensive experience with GST and HST planning, including advising non-residents on doing business in Canada. He has conducted sales tax recovery reviews for Fortune 500 companies in a number of industry sectors.
Rod Butcher,
Director, Tax Advisory Services
Ryan, Mississauga, ON Canada
He has more than 25 years of experience with sales tax reviews and other tax matters for corporations and for advisory firms, including KPMG. He is a frequent writer and commentator in Canadian professional tax publications.
Ordering
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Customer Reviews
Provided a lot of information. Examples made it easier to put in everyday perspective.
Therese Au
Forsythe Technology
I liked that the program went beyond the guidance in the regs to offer a real-world perspective.
Jerry Bourlier
Yazaki Management Co.
Very interesting, informed us on the most recent updates.
Kristin Thompson
Global Tax Management
I found the presenters to be very experienced and the Q&A's to be particularly useful.
Mike O'Brien
American Eagle Outfitters
This teleconference greatly helped us understand the new challenges.
Andrew Toth
Tronconi Segarra & Associates
Sales and Use Tax Advisory Board
Silvia Aguirre
President
Tax Technology Services
Rick Bregitzer
Manager of Domestic Taxes
Parker–Hannifin Corp.
Stephanie Anne Lipinski-Galland
State and Local Tax Attorney
Joseph Geiger, Esq., CPA
Tax Consultant
Vertex
Diane Matulich
Senior Manager, Local Taxes
Advanced Micro Devices
Rich Prem
VP of Indirect Taxes and Tax Reporting
Amazon.com
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