This full-day seminar contains two modules and covers the GST/HST and QST and Canadian Income Taxes.
The module covering GST/HST and QST will provide attendees with a summary of the most important issues posed by Canada's value-added taxes. Topics will include which taxes to charge and under what circumstances, documentation requirements and common pitfalls when claiming input tax credits. In addition, we will highlight the rules for the self-assessment of tax and the recapture of input tax credits on certain types of expenses. The Income Tax module is designed to provide a valuable overview of tax compliance, structures, rates, and incentives related to conducting business in and/or through Canada. The presentation will compare and contrast the Canadian income tax system with the U.S. regime, including recent tax legislation changes, a discussion of the current U.S. tax reform proposals and their impact on U.S.-Canada taxation.