Some provinces have chosen to participate in the HST, which pairs the GST with the PST to create one tax overall. These regions include New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Labrador, and Ontario. Therefore, if your small business resides in one of these areas, you ...
How to Calculate RITC RITCs are a recapture of HST credits claimed by large businesses. As part of the introduction of the Harmonized Sales Tax (HST) in Ontario and British Columbia, the Canada Revenue Agency requires large businesses to be subject to a scheme billed as a recapture of input...
Land transfer tax on commercial property varies from region to region. In some provinces, including Quebec and Ontario, municipalities levy land transfer tax in addition to the provincial tax. Often, the buyer pays the land transfer tax. In Quebec, in the case of a false transfer of duties ...