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Sales Tax Considerations for Canadian Transactions

OnDemand Webinar (95 minutes)

Learn how to stay compliant when your business sells products to Canada.Many U.S.-based businesses are looking to expand their market to include Canada. Gain an understanding of the sales tax implications of selling goods or services to customers in Canada as well as recent developments for U.S. businesses already doing business with Canada. Learn when registration and collection of Canada's federal and provincial sales taxes are mandatory and when it is voluntary as well as the potential implications of registering on income tax and other regulatory requirements. This topic will review common compliance issues including determining what is taxable as well as how to determine the rate of tax to be charged. In addition, this material will review the critical provincial sales tax issues for U.S.-based organizations so that the implications can be considered and planned for. This information will include a review of the many special sales tax rules for non-resident sellers including transferring GST/HST and QST to customers, special drop shipment rules and rebates and refund programs to minimize the cost for U.S.-based businesses.

Authors

Rosemary J. Anderson, Thorsteinssons Zheting Su, Thorsteinssons

Agenda

Overview of Canadian Sales Taxes

• Common Issues for U.S. Organizations Selling Goods or Services to Customers in Canada

• Latest Developments in Canadian Sales Taxes

Key Goods and Services Tax/Harmonized Sales Tax (GST/HST) Issues for U.S.-Based Organizations

• How GST/HST Applies to Nonresidents (of Canada) Who Are Not Registered

• Registration Requirements: Mandatory vs. Voluntary and Implications of Registering

• Special Rules for Nonresidents Including Relief for Drop Shipment Transactions

• Common Issues for Cross-Border Intercompany Transactions

• Recovering GST/HST Paid on Import and on Purchases

Important Quebec Sales Tax Issues for Nonresidents Selling to Customers in Quebec

• How Does QST Compare to GST/HST?

• Review of Registration Requirements - When It Is Mandatory vs. Voluntary

• Recovering QST

Critical Provincial Sales Tax (PST) Issues for Those Doing Business in or With Customers in British Columbia, Saskatchewan and Manitoba

• Differences From GST/HST

• Overview of PST Registration Rules

• Complications When Selling or Dealing With Software, Digitally Delivered Services, Platform Facilitators, and Intangibles

Setting up Compliance and Reporting Systems

• What Is Needed on an Invoice?

• Effective Date of Registration

• Frequency of Filing, Reporting and Payment Processes