http://www.mnp.ca/media-centre/blog/tags/gstGST Blog Post RSS FeedCopyright 2012MNP All rights reserved.What are the GST implications if you are a non resident and purchase a rental property in Canada? Are you a non resident thinking of investing in Real Estate in Canada? There are various tax implications to owning real estate in Canada.http://www.mnp.ca/en/media-centre/blog/2009/6/2/non-residents-purchasing-real-estate-in-canada-part-i/Tue, 02 Jun 2009 00:00:00 GMTDo you own a vacation property that you have in a rental pool but also use personally? Did you register for GST so that you would not have to pay the GST when you purchased the rental property?http://www.mnp.ca/en/media-centre/blog/2009/6/4/non-residents-purchasing-real-estate-in-canada-part-ii/Thu, 04 Jun 2009 00:00:00 GMTA recent decision rendered by the Federal Court of Appeal (the “Court”) may impact the GST required to be collected, and that has been paid, on investment management fees.http://www.mnp.ca/en/media-centre/blog/2009/7/13/paying-gst-on-investment-management-fees/Mon, 13 Jul 2009 00:00:00 GMTAre you an employer who pays benefits to your employees? Do you know how to account for the GST on those benefits? http://www.mnp.ca/en/media-centre/blog/2009/8/10/gst-and-employee-benefits-allowances-and-reimbursements/Mon, 10 Aug 2009 00:00:00 GMTHave you started your own business and are not sure about whether you should register for GST? You are able to voluntarily register for GST if you are carrying on a commercial activity. Either selling taxable goods or providing taxable services. http://www.mnp.ca/en/media-centre/blog/2009/8/31/when-to-register-for-gst/Mon, 31 Aug 2009 00:00:00 GMTA summary of the B.C. budget update released September 1, 2009.http://www.mnp.ca/en/media-centre/blog/2009/9/8/bc-budget-update-september-1-2009/Tue, 08 Sep 2009 00:00:00 GMTInformation on an extremely important component of the upcoming HST in BC and Ontario was recently released - The Place of Supply Rules. If you're asking "What rate do I charge?", the rules have changed!http://www.mnp.ca/en/media-centre/blog/2010/3/15/hst-the-place-of-supply-rules/Mon, 15 Mar 2010 00:00:00 GMTJuly 1 will be a very important day for Canadian businesses in 2010, as it is the first day of the Harmonized Sales Tax in B.C. and Ontario. Although the new taxation scheme will have a great impact on business owners in those two provinces, it also has repercussions for companies in other provinces, and the time to plan for them is running out.http://www.mnp.ca/en/media-centre/blog/2010/4/8/harmonized-sales-tax-hst-question-answer/Thu, 08 Apr 2010 00:00:00 GMTGiven the significant increases in land and quota values over the last number of years, it is becoming increasingly difficult to transfer the family farm at fair market value. This tax-deferred rollover can be an invaluable tool in succession planning and benefit future generations.http://www.mnp.ca/en/media-centre/blog/2011/1/26/transitioning-the-family-farm/Wed, 26 Jan 2011 00:00:00 GMTIf you are considered as a Selected Listed Financial Institution, you will be required to file a form known as the Special Attribution Method for your upcoming fiscal year end. This form is required to be filed once per year within three months of your fiscal year end, commencing for all fiscal year-ends after July 1, 2010.http://www.mnp.ca/en/media-centre/blog/2011/2/9/will-hst-legislation-changes-impact-my-credit-union/Wed, 09 Feb 2011 00:00:00 GMTOn Tuesday, February 15, 2011, the BC Minister of Finance, Colin Hansen, presented the Province’s 2011 Budget. The Budget Speech proclaimed it the “status quo” budget, reaffirming the government’s pledge to fund vital public services while continuing to practice prudent fiscal management.http://www.mnp.ca/en/media-centre/blog/2011/2/15/bc-budget-announcement-2011/Tue, 15 Feb 2011 00:00:00 GMTThe year 2010 contained significant GST/HST developments that affected the financial services sector. Complex legislation dealing with imported taxable supplies and input tax credits (ITCs) were put into force. It also provides detailed rules for classifying and allocating expenses and purchases for input tax credit purposes.http://www.mnp.ca/en/media-centre/blog/2011/3/3/gsthst-developments-in-the-financial-sector/Thu, 03 Mar 2011 00:00:00 GMTThe Place of Supply rules are necessary to determine the appropriate rate of tax to charge. Under the GST/HST system if you are registered for these taxes, it is the requirement of the person selling the good or supplying the service to charge the correct rate of tax.http://www.mnp.ca/en/media-centre/blog/2011/3/10/a-case-study-on-hst-part-i-place-of-supply-rules/Thu, 10 Mar 2011 00:00:00 GMTContinuing our discussion of Game Company located in Red Deer, Alberta- the question we will answer is with regards to the tax rate applied to the purchase of supplies.http://www.mnp.ca/en/media-centre/blog/2011/3/22/a-case-study-on-hst-part-ii-gsthst-rates-on-supplies/Tue, 22 Mar 2011 00:00:00 GMTFederal Minister of Finance James M. Flaherty delivered the Conservative government’s Federal Budget on Tuesday, March 22, 2011.http://www.mnp.ca/en/media-centre/blog/2011/3/22/federal-budget-announcement-2011/Tue, 22 Mar 2011 00:00:00 GMTFinance Minister Ken Krawetz presented Saskatchewan’s 2011 Provincial Budget on March 23, 2011.http://www.mnp.ca/en/media-centre/blog/2011/3/23/saskatchewan-budget-announcement-2011/Wed, 23 Mar 2011 00:00:00 GMTFinance Minister Rosann Wowchuk presented Manitoba’s 2011 Provincial Budget on April 12, 2011. http://www.mnp.ca/en/media-centre/blog/2011/4/12/manitoba-budget-announcement-2011/Tue, 12 Apr 2011 00:00:00 GMTThe Saskatchewan PST regime is certainly not without its own reporting requirements and responsibilities. Non-compliance will bring with it related penalties and interest.http://www.mnp.ca/en/media-centre/blog/2011/9/30/10-important-facts-for-non-residents-doing-business-in-saskatchewan/Fri, 30 Sep 2011 00:00:00 GMTThe HST was voted out in B.C. Businesses in the province must transition back to collecting and paying PST and GST—a process that will have its own complexities that need to be carefully managed. The good news is that the transition may also benefit you.http://www.mnp.ca/en/media-centre/blog/2011/11/1/hst-in-bc-helping-you-manage-the-transition-back-to-pst/Tue, 01 Nov 2011 00:00:00 GMT