Tax Administration in a Decentralized Tax System A Canadian Perspective

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Tax Administration in a Decentralized Tax System A Canadian Perspective"

Transcription

1 A Canadian Perspective Philippe Nault Legislative Policy and Regulatory Affairs Branch Canada Revenue Agency November 29, 2006

2 Taxation Powers The Government of Canada may raise money by any mode or system of taxation Provincial governments may raise money by means of direct taxation within the province for provincial purposes Provincial governments may also raise money by any mode or system of taxation in respect of: non-renewable natural resources and forestry resources in the province and resulting primary production sites and facilities in the province for the generation of electrical energy and resulting production 2

3 Tax Policy Federal Finance Department is responsible for federal tax policy Provincial finance departments (or equivalents) are responsible for tax policy for their respective provinces Both levels of government federal and provincial have autonomy to set their own tax policies 3

4 Canada Revenue Agency In December 2003, the former Canada Customs and Revenue Agency was divided into two organizations: Canada Revenue Agency Administration of tax programs Delivery of economic and social benefits Canada Border Services Agency Customs functions Immigration functions Food inspection functions 4

5 CRA Mission To administer tax, benefits and related programs and to ensure compliance on behalf of governments across Canada, thereby contributing to the ongoing economic and social well-being of Canadians. CRA Vision To be the preferred service provider to deliver tax, benefits and related programs for governments across Canada. 5

6 Canada Revenue Agency Responsibility for the administration of federal taxing statutes imposed by federal legislation Federal legislation permits CRA to enter into agreements with Federal departments and agencies Provincial and territorial governments, and First Nations for the purpose of administering taxes or other programs (such as benefit programs) CRA has entered into over 140 program delivery and information exchange agreements 6

7 Canada Revenue Agency Federal legislation requires the CRA to provide information and elements of accountability to clients Nomination of Directors to CRA s Board of Management Service management framework agreements Service level agreements Annual reports to federal, provincial and territorial governments Client participation on various committees and working groups Other official as well as informal consultations 7

8 Federal Taxes Administered CRA administers/collects the following for the Government of Canada: Personal income tax Corporate income tax Large corporations tax Excise duties and excise taxes Goods and services tax (other than in the province of Quebec) Employment insurance premiums Canada Pension Plan contributions Air travellers security charge Softwood lumber export charge (assuming Royal Assent) 8

9 Federal Revenues Administered Number of Filers Revenue ($ billion) Personal income tax 25 million $103.8 Corporate income tax 1.7 million $31.7 GST/HST (excl. Quebec) 2.5 million $11 Employment ins. premiums $16.9 Canada Pension Plan $30.1 premiums (excludes QPP) Other revenues $17 9

10 Provincial, Territorial and First Nations Taxes Administered While Canada is one of the most decentralized countries in the world from an expenditure and tax perspective there nonetheless exists significant centralized tax administration CRA administers/collects: Personal income tax for 9 of 10 provinces and 3 territories (Quebec excepted) Corporate income tax for 7 of 10 provinces and 3 territories (Quebec, Alberta and Ontario excepted) Ontario has recently agreed to CRA administration Corporate capital tax for 2 provinces 10

11 Provincial, Territorial and First Nations Taxes Administered Harmonized sales tax for 3 provinces Refund set-off programs for 6 provinces and 1 territory Over 100 provincial income tax credits and tax rebate programs Numerous benefit, tax, and income-verification related programs for various provinces First Nation Taxes on listed products for 11 First Nations First Nation Goods and Services Tax for 11 First Nations First Nation personal income tax for 9 First Nations Nova Scotia Workers Compensation Board premiums 11

12 Provincial, Territorial and First Nations Revenues Collected almost $52 billion on behalf of provinces, territories and First Nations Revenue ($ billion Cdn) Personal Income Tax $43.6 Corporate Income Tax $3.9 CRA collected 84% of all income taxes in Canada personal and corporate 12

13 Benefit Programs Administered the following federal benefit programs Canada child tax benefit Children s special allowance Universal Child Care Benefit GST/HST credit Distributed payments worth close to $14.7 billion Canada child tax benefit - $9.2 billion to 3.25 million recipients GST/HST credit - $3.4 billion to 9.5 million recipients 13

14 Benefit Programs Administered 17 provincial/territorial benefit programs, including British Columbia family bonus Saskatchewan sales tax credit New Brunswick child tax benefit Newfoundland and Labrador seniors benefit Distributed payments equal to $264 million to approximately 770,000 recipients 14

15 Other Federal and Provincial/Territorial Programs Delivered several one-time income-tested payment programs, including: Federal Energy Cost Benefit program $357.7 million to over 1.4 million recipients Ontario Taxpayer Dividend Over $1 billion to over 5 million recipients Alberta Energy Tax Rebate $690 million to over 2 million recipients Alberta 2005 Resource Rebate $1.26 billion to 2.3 million recipients British Columbia Energy Rebate $76.5 million to million recipients 15

16 Canada Border Services Agency CBSA s mandate includes collecting applicable federal taxes/duties at the time of importation of goods Collected over $3 billion in federal import duties Collected over $25 billion in federal GST Federal legislation permits CBSA to enter into agreements with provinces/territories with respect to the collection of provincial sales tax, tobacco tax and alcohol fees/markups Collected over $52 million in provincial sales tax 16

17 Canadian Legal Framework Harmonized Sales Tax Harmonized Sales Tax (HST) in the participating provinces of Nova Scotia, New Brunswick and Newfoundland and Labrador HST replaced the federal GST and provincial retail sales taxes in participating provinces in 1997 HST is imposed by federal law and is comprised of a federal component and a provincial component Legislation by participating provinces authorizing participation Participating provinces receive their share of revenues from the federal government 17

18 Province of Quebec CRA does not administer the GST/HST in the province of Quebec Quebec harmonized its retail sales tax regime with the GST in July 1992 with the introduction of the Quebec sales tax (QST) Since 1992, Revenu Québec has administered the GST in the province of Quebec on behalf of the federal government in conjunction with the administration of its QST 18

19 Additional Potential CRA Administration Provincial/territorial revenue departments (or their equivalents) will administer provincial/territorial taxes where their government has not entered into a tax collection agreement with the CRA Federal government is promoting harmonization of the 5 remaining provincial retail sales taxes with the GST/HST with CRA administration Federal government is examining other potential tax harmonization and administrative streamlining opportunities with the provinces Collection of provincial tobacco and motive fuel taxes Federal government and CRA is considering other business opportunities where these are aligned with CRA s core business capacity Collection of municipal taxes 19

20 Advantages of Decentralized Tax Administration May enhance level of fiscal autonomy as local governments control the design of the tax structure (type of tax, tax rates, tax base, etc) and the manner in which the tax will be administered. Tax administrator has interest in good revenue administration incentive to audit, assess, collect in effective and timely manner Conversely, taxing government is assured that due diligence will be given to the collection and enforcement of its taxes Potentially more flexibility provided to tax administrator to design appropriate organizational structure responding to local/regional needs 20

21 Advantages of Decentralized Tax Administration Flexibility and familiarity with local conditions permit tax administrator to focus resources/activities on regional/local compliance issues Tax administrator more likely to represent local government in disputes about the distribution of tax revenues in cases where taxpayer might be taxable in multiple jurisdictions Potential for greater accountability easier for taxpayers to see which government is levying what taxes and to hold the appropriate government accountable 21

22 Disadvantages of Decentralized Tax Administration Increased government administration costs due to degree of duplication and lack of economies of scale/scope (less efficiency) Increased compliance costs for business due to the requirement to interact with more than one tax administration Requirement to file more numerous returns, elections, etc Account for different taxes, tax bases, tax rates Different administrative rules, timeframes and procedures Particularly true for small businesses or businesses that operate in numerous jurisdictions who bear disproportionately higher compliance costs to deal with 2 or more sales tax systems No uniform compliance approach or coordinated activities 22

23 Disadvantages of Decentralized Tax Administration No single structure, procedures and processes for dealing with taxpayers throughout the country Decentralized tax administrations may not be able to afford more qualified personnel, pay higher salaries, or allow personnel to specialize to the degree feasible with larger administrations Decentralized tax administrations may not be able to administer more complex tax structures such as VATs and social security contributions, due to cost structures, level of knowledge/skill required, etc Decentralized tax administrations may not have budgets that permit more sophisticated information technology 23

24 Disadvantages of Decentralized Tax Administration More onerous information exchange processes and less standardization of available information National tax administrations may be better able to deal with national/global taxpayers with taxable activities that cross regional or local jurisdiction boundaries within the nation Potential for taxpayers to receive inconsistent treatment More sensitive to political interference/corruption Less potential for detection of non-compliance across regions More onerous set-off mechanisms 24

Canada Post Group Economic Impact on Canada. Corporate Planning and Strategy

Canada Post Group Economic Impact on Canada. Corporate Planning and Strategy Canada Post Group Economic Impact on Canada Corporate Planning and Strategy July 27 Section 1 1. The National Impact 2. Impact on the Provinces Corporate Planning and Strategy, July 27 Page 2 Study of

More information

Ohio Tax. Workshop KK. Canadian Commodity Tax Update for U.S.-Based Companies. Wednesday, January 29, 2014 2:00 p.m. to 3:00 p.m.

Ohio Tax. Workshop KK. Canadian Commodity Tax Update for U.S.-Based Companies. Wednesday, January 29, 2014 2:00 p.m. to 3:00 p.m. Ohio Tax Workshop KK Canadian Commodity Tax Update for U.S.-Based Companies Wednesday, January 29, 2014 2:00 p.m. to 3:00 p.m. Biographical Information Darryl Rankin, Director, Commodity Tax, DuCharme,

More information

- 1 - E-COMMERCE AND SALES TAX: SQUARE PEG IN A ROUND HOLE. In its broadest sense, electronic commerce or e-commerce involves the selling, buying,

- 1 - E-COMMERCE AND SALES TAX: SQUARE PEG IN A ROUND HOLE. In its broadest sense, electronic commerce or e-commerce involves the selling, buying, - 1 - E-COMMERCE AND SALES TAX: SQUARE PEG IN A ROUND HOLE In its broadest sense, electronic commerce or e-commerce involves the selling, buying, marketing or distributing of property and services via

More information

taxation Current to June 20, 2013 What s Inside www.bdo.ca

taxation Current to June 20, 2013 What s Inside www.bdo.ca www.bdo.ca taxation Tax Facts 2013 Current to June 20, 2013 Tax Facts 2013 provides you with a summary of 2013 personal income tax rates and amounts, as well as corporate tax rates (as at July 1, 2013),

More information

Non Resident Importers (NRI)

Non Resident Importers (NRI) Non Resident Importers (NRI) A Non-Resident Importer (NRI) is a company who in most cases does not have a physical presence in Canada, yet for purposes of customs and GST, acts as the importer of record

More information

Canada. Contact James Yager KPMG in Canada Tax Partner T: +1 416 777 8214 E: jyager@kpmg.ca

Canada. Contact James Yager KPMG in Canada Tax Partner T: +1 416 777 8214 E: jyager@kpmg.ca Canada Introduction Liability to Canadian tax is determined by residence status for taxation purposes and the source of income derived by an individual. Income tax is levied at progressive rates on a person

More information

Public Accounting Rights for Certified General Accountants in Canada. Issue Brief

Public Accounting Rights for Certified General Accountants in Canada. Issue Brief Public Accounting Rights for Certified General Accountants in Canada Issue Brief IMPORTANT NOTE: Some information regarding Ontario is out of date pursuant to the adoption of the Public Accounting Act,

More information

TAX LETTER. June 2010

TAX LETTER. June 2010 Tax Education Services TAX LETTER June 2010 HST CHANGES ARE HERE EVEN IF YOU RE NOT IN ONTARIO OR B.C. PERSONAL SERVICES BUSINESSES MAY BE USEFUL AGAIN CAN YOU SUE THE CRA? AROUND THE COURTS HST CHANGES

More information

4.0 Health Expenditure in the Provinces and Territories

4.0 Health Expenditure in the Provinces and Territories 4.0 Health Expenditure in the Provinces and Territories Health expenditure per capita varies among provinces/territories because of different age distributions. xii Population density and geography also

More information

PARAMETERS OF THE PERSONAL INCOME TAX SYSTEM FOR 2015. November 2014

PARAMETERS OF THE PERSONAL INCOME TAX SYSTEM FOR 2015. November 2014 PARAMETERS OF THE PERSONAL INCOME TAX SYSTEM FOR 2015 November 2014 PARAMETERS OF THE PERSONAL INCOME TAX SYSTEM FOR 2015 Legal deposit November 2014 Bibliothèque et Archives nationales du Québec ISBN

More information

A presentation by. Queen s University Financial Services

A presentation by. Queen s University Financial Services A presentation by Queen s University Financial Services 1 Alternative formats for this presentation can be found on the Financial Services website. Website: Financial Services Training page Email: finance.training@queensu.ca

More information

Taxation Bulletin. Ontario to Eliminate Provincial Sales Tax July 1, 2010; Harmonize with Federal GST

Taxation Bulletin. Ontario to Eliminate Provincial Sales Tax July 1, 2010; Harmonize with Federal GST Taxation Bulletin March 2009 Fasken Martineau DuMoulin LLP Ontario to Eliminate Provincial Sales Tax July 1, 2010; Harmonize with Federal GST Ottawa Montréal Québec City Johannesburg www.fasken.com The

More information

Harmonized Sales Tax and the Provincial Motor Vehicle Tax

Harmonized Sales Tax and the Provincial Motor Vehicle Tax Harmonized Sales Tax and the Provincial Motor Vehicle Tax RC4100(E) Rev. 10 Is this guide for you? T his guide explains whether or not you have to pay tax when you register a motor vehicle in British Columbia,

More information

Income tax rates for Canadian-controlled private corporations (CCPCs) 2012-2013

Income tax rates for Canadian-controlled private corporations (CCPCs) 2012-2013 Income tax rates for Canadian-controlled private corporations (CCPCs) 2012-2013 Federal income tax rates for income earned by a CCPC 1 Small Active Income between $400,000 and General Active General corporate

More information

Harmonized Sales Tax Frequently Asked Questions

Harmonized Sales Tax Frequently Asked Questions Harmonized Sales Tax Frequently Asked Questions The province of Ontario announced in its March 2009 Budget that it would harmonize the retail sales tax (the Ontario RST) with the federal Goods and Sales

More information

Conquering Internal Company Challenges in Handling Canadian Taxes and Other VAT

Conquering Internal Company Challenges in Handling Canadian Taxes and Other VAT Conquering Internal Company Challenges in Handling Canadian Taxes and Other VAT DuCharme, McMillen & Associates Canada, Ltd. Darryl Rankin, CPA, CGA, Director, Commodity Tax WestRock Company Panel Members:

More information

Corporate taxation, CPP and EI 2015

Corporate taxation, CPP and EI 2015 Corporate taxation, CPP and EI 05 Table Business income eligible for SBD (05) Small business limit Federal $500,000.00 % Combined % Alberta 500,000.00.00 British Columbia 500,000.50.50 Manitoba 5,000 0.00.00

More information

Professional Corporations An Attractive Option

Professional Corporations An Attractive Option Professional Corporations An Attractive Option Recent and planned corporate income tax rate reductions mean that now is a good time for eligible professionals to consider incorporating their practices.

More information

YOUR TAX DOLLAR. Here s a quick overview of where that money went and how it was raised.

YOUR TAX DOLLAR. Here s a quick overview of where that money went and how it was raised. YOUR TAX DOLLAR For the fiscal year ended March 31, 2014, Canada s federal government spent $276.8 billion. That represents roughly 15 per cent of our country s $1.9-trillion economy. Here s a quick overview

More information

BACKGROUND DOCUMENT. September 2014 QUÉBEC S PERSONAL INCOME TAX SYSTEM

BACKGROUND DOCUMENT. September 2014 QUÉBEC S PERSONAL INCOME TAX SYSTEM BACKGROUND DOCUMENT September 2014 QUÉBEC S PERSONAL INCOME TAX SYSTEM BACKGROUND DOCUMENT September 2014 QUÉBEC S PERSONAL INCOME TAX SYSTEM QUÉBEC'S PERSONAL INCOME TAX SYSTEM Legal deposit October 2014

More information

Report of the CMEC Quality Assurance Subcommittee

Report of the CMEC Quality Assurance Subcommittee Report of the CMEC Quality Assurance Subcommittee 2007 2007 CMEC Jurisdictional Update on Activities Related to Quality Assurance Introduction In February 2007, ministers responsible for advanced education

More information

Employment termination and group insurance coverage

Employment termination and group insurance coverage HEALTH & DENTAL / DISABILITY, LIFE AND AD&D 14-11 Employment termination and group insurance coverage This GroupLine is a revised version of GroupLine 07-02. Previous versions also include 05-21, 02-11

More information

Your. Tax Dollar. Here s a quick overview of where your Tax Dollar went and how it was raised in the Fiscal year ended March 31, 2012

Your. Tax Dollar. Here s a quick overview of where your Tax Dollar went and how it was raised in the Fiscal year ended March 31, 2012 Your Tax Dollar Here s a quick overview of where your Tax Dollar went and how it was raised in the Fiscal year ended March 31, 2012 Table of Contents Transfer payments 3 Transfers to persons 4-6 Transfers

More information

Sage 50 Accounting (Release 2015.1)

Sage 50 Accounting (Release 2015.1) Sage 50 Accounting (Release 2015.1) December 2014 Contents Sage 50 Accounting Canadian Edition (Release 2015.1) 1 Sage 50 Accounting Release 2015.1 1 What's new and product improvements 1 Support for employer

More information

Tax Plan Alberta Tax Advantage

Tax Plan Alberta Tax Advantage Tax Plan Alberta Tax Advantage Budget 98 Agenda for Opportunity Table of Contents Alberta Tax Reductions Since 1993... 137 Personal Income Tax Rate Reduction... 138 Alberta Family Employment Tax Credit...

More information

Quick Method of Accounting for GST/HST

Quick Method of Accounting for GST/HST Quick Method of Accounting for GST/HST Includes Form GST74 RC4058(E) Rev. 10 Is this guide for you? T his guide explains how to use the Quick Method of accounting. It does not apply to qualifying non-profit

More information

Non-Profit Organizations

Non-Profit Organizations Non-Profit Organizations and Taxation revenu.gouv.qc.ca This publication is available on our website. This publication is provided for information purposes only. It does not constitute a legal interpretation

More information

Quick Method of Accounting for GST/HST. Includes Form GST74

Quick Method of Accounting for GST/HST. Includes Form GST74 Quick Method of Accounting for GST/HST Includes Form GST74 RC4058(E) Rev. 03/2013 Is this guide for you? T his guide explains how to use the quick method of accounting. It does not apply to qualifying

More information

INCORPORATING YOUR BUSINESS

INCORPORATING YOUR BUSINESS November 2014 CONTENTS Advantages of incorporation Advantages of an SBC Summary INCORPORATING YOUR BUSINESS If you carry on a business, there are many tax planning opportunities which become available

More information

Atlantic Provinces 71 COMMUNITIES

Atlantic Provinces 71 COMMUNITIES NATIONAL STUDY OF AUTOMOBILE INSURANCE RATES Third Release Atlantic Provinces 71 COMMUNITIES vs. British Columbia, Alberta Saskatchewan, Manitoba & Ontario 3,985,162 Auto Insurance Rates Compared October

More information

INCORPORATING YOUR PROFESSIONAL PRACTICE

INCORPORATING YOUR PROFESSIONAL PRACTICE INCORPORATING YOUR PROFESSIONAL PRACTICE REFERENCE GUIDE Most provinces and professional associations in Canada now permit professionals such as doctors, dentists, lawyers, and accountants to carry on

More information

Parents and employers must ensure

Parents and employers must ensure Guide to Child Labour Laws in Canada Parents and employers must ensure that the safety and health at work of employed youths are protected. Where children are employed, employers must make special efforts

More information

Human Resources A GUIDE TO THE SHELL CANADA PENSION PLAN INITIAL DC AND DB/DC DUO

Human Resources A GUIDE TO THE SHELL CANADA PENSION PLAN INITIAL DC AND DB/DC DUO Human Resources A GUIDE TO THE SHELL CANADA PENSION PLAN INITIAL DC AND DB/DC DUO October 2015 INTRODUCTION Each of us has a responsibility to plan and save for a financially secure retirement. The primary

More information

Fraser Alert. Canadians Celebrate Tax Freedom Day on June 6. June 2009. Main Conclusions. Market solutions to public policy problems

Fraser Alert. Canadians Celebrate Tax Freedom Day on June 6. June 2009. Main Conclusions. Market solutions to public policy problems Fraser Alert Market solutions to public policy problems June 2009 Canadians Celebrate Tax Freedom Day on June 6 Main Conclusions On Tax Freedom Day, the average Canadian family has earned enough money

More information

Importing Non- Commercial Goods by Mail

Importing Non- Commercial Goods by Mail Importing Non- Commercial Goods by Mail (BSF5092-2014-E) Her Majesty the Queen in Right of Canada, represented by the Minister of Public Safety and Emergency Preparedness, 2014 Catalogue No. PS38-40/2014E-PDF

More information

Guide for Canadian Small Businesses

Guide for Canadian Small Businesses Guide for Canadian Small Businesses RC4070(E) Rev. 08 T he success of small businesses is an essential part of Canada s economic growth. At the Canada Revenue Agency (CRA), our goal is to provide all the

More information

CHANGES TO QUÉBEC S TAX SYSTEM PURSUANT TO THE UNDERTAKINGS TO HARMONIZE IT WITH THE FEDERAL TAX SYSTEM APPLICABLE IN 2013

CHANGES TO QUÉBEC S TAX SYSTEM PURSUANT TO THE UNDERTAKINGS TO HARMONIZE IT WITH THE FEDERAL TAX SYSTEM APPLICABLE IN 2013 CHANGES TO QUÉBEC S TAX SYSTEM PURSUANT TO THE UNDERTAKINGS TO HARMONIZE IT WITH THE FEDERAL TAX SYSTEM APPLICABLE IN 2013 To achieve greater harmonization of Québec s sales tax (QST) system with the federal

More information

Canadians Celebrate Tax Freedom Day on June 7, 2016

Canadians Celebrate Tax Freedom Day on June 7, 2016 FRASER RESEARCHBULLETIN June 2016 Canadians Celebrate Tax Freedom Day on June 7, 2016 by Milagros Palacios, Charles Lammam, and Feixue Ren Summary In 2016, the average Canadian family will earn $105,236

More information

Harmonized Sales Tax for Ontario Point-of-Sale Rebate on Newspapers

Harmonized Sales Tax for Ontario Point-of-Sale Rebate on Newspapers GST/HST Info Sheet GI-060 February 2010 Harmonized Sales Tax for Ontario Point-of-Sale Rebate on Newspapers The Government of Ontario has proposed a harmonized sales tax (HST) which will come into effect

More information

PROVINCIAL/TERRITORIAL COMPASSIONATE LEAVE LEGISLATION Provinces/Territories with Compassionate Care Leave Legislation

PROVINCIAL/TERRITORIAL COMPASSIONATE LEAVE LEGISLATION Provinces/Territories with Compassionate Care Leave Legislation PROVINCIAL/TERRITORIAL COMPASSIONATE LEAVE LEGISLATION Provinces/Territories with Compassionate Care Leave Legislation Almost all of the provinces and territories either had existing labour legislation

More information

Applebaum Commisso Tax Tips

Applebaum Commisso Tax Tips Tax Tips Corporate: Tax information everyone should know: Small business deduction: The effective tax rate for a corporation that is defined as a Canadian Controlled Private Corporation is 15.5% on the

More information

Insurance industry. Key tax rates and updates. www.pwc.com/ca/insurancekeytaxrates

Insurance industry. Key tax rates and updates. www.pwc.com/ca/insurancekeytaxrates www.pwc.com/ca/insurancekeytaxrates Insurance industry Key tax rates and updates Tax changes, rates, deadlines and other useful information for the insurance industry in Canada. 2015 Insurance industry:

More information

The New Harmonized Sales Tax for New Home Builders

The New Harmonized Sales Tax for New Home Builders The New Harmonized Sales Tax for New Home Builders The province of Ontario announced in its March 2009 Budget that it would harmonize the retail sales tax (the Ontario RST) with the federal Goods and Sales

More information

Canada-U.S. Estate Planning for the Cross-Border Executive

Canada-U.S. Estate Planning for the Cross-Border Executive February 16, 2010 Canada-U.S. Estate Planning for the Cross-Border Executive Beth Webel (Toronto) Nadja Ibrahim (Calgary) Agenda Canadian death tax regime US estate tax regime US citizens moving to Canada

More information

Doing Business In Canada

Doing Business In Canada Doing Business In Canada This chapter is a general overview of Canadian tax principles and has been prepared by Cadesky and Associates LLP, a Canadian and International Tax Advisory firm. Comments should

More information

Navigating new territory Internationally Mobile Employees International Assignment Services Taxation of International Assignees Country Canada

Navigating new territory Internationally Mobile Employees International Assignment Services Taxation of International Assignees Country Canada www.pwc.com/globalmobility Navigating new territory Internationally Mobile Employees International Assignment Services Taxation of International Assignees Country Canada Human Resources Services International

More information

FACTS & FIGURES. Tax Audit Accounting Consulting

FACTS & FIGURES. Tax Audit Accounting Consulting FACTS & FIGURES Tax Audit Accounting Consulting FACTS AND FIGURES FOR TAX PREPARATION AND PLANNING JULY, 2013 CHAPTER 1B PERSONAL INCOME TAX 1.1 Federal Tax Rates - Individuals... 1 1.2 Federal Personal

More information

Calculated by time or risk apportionment or a risk curve such as mortgage insurance or warranty insurance.

Calculated by time or risk apportionment or a risk curve such as mortgage insurance or warranty insurance. International comparison of insurance taxation Canada General insurance overview Definition Definition of property and casualty insurance company Commercial accounts/ tax and regulatory returns Basis for

More information

Additional Tables, Youth Smoking Survey 2008-09

Additional Tables, Youth Smoking Survey 2008-09 Additional Tables, Youth Smoking Survey 2008-09 Table 1. cigar use in last 30 days, cigarillo/little cigar/cigar use in last 30 days, cigarette use in the last 30 days, self defining as a smoker, Canada,

More information

MULTILATERAL INSTRUMENT 33-107 PROFICIENCY REQUIREMENTS FOR REGISTRANTS HOLDING THEMSELVES OUT AS PROVIDING FINANCIAL PLANNING AND SIMILAR ADVICE

MULTILATERAL INSTRUMENT 33-107 PROFICIENCY REQUIREMENTS FOR REGISTRANTS HOLDING THEMSELVES OUT AS PROVIDING FINANCIAL PLANNING AND SIMILAR ADVICE MULTILATERAL INSTRUMENT 33-107 PROFICIENCY REQUIREMENTS FOR REGISTRANTS HOLDING THEMSELVES OUT AS PROVIDING FINANCIAL PLANNING AND SIMILAR ADVICE PART 1 PROFICIENCY REQUIREMENTS 1.1 Proficiency Requirements

More information

BY-LAW 6 PROFESSIONAL LIABILITY INSURANCE PART I LICENSEES HOLDING A CLASS L1 LICENCE GENERAL

BY-LAW 6 PROFESSIONAL LIABILITY INSURANCE PART I LICENSEES HOLDING A CLASS L1 LICENCE GENERAL BY-LAW 6 May 1, 2007 Amended: June 28, 2007 February 21, 2008 September 24, 2009 November 24, 2011 September 27, 2012 April 25, 2013 October 24, 2013 October 29, 2015 December 10, 2015 (editorial changes)

More information

Canadian Provincial and Territorial Early Hearing Detection and Intervention. (EHDI) Programs: PROGRESS REPORT

Canadian Provincial and Territorial Early Hearing Detection and Intervention. (EHDI) Programs: PROGRESS REPORT Canadian Provincial and Territorial Early Hearing Detection and Intervention (EHDI) Programs: PROGRESS REPORT www.sac-oac.ca www.canadianaudiology.ca 1 EHDI PROGRESS REPORT This progress report represents

More information

A Note on Business Tax Competitiveness in British Columbia

A Note on Business Tax Competitiveness in British Columbia A Note on Business Tax Competitiveness in British Columbia Volume 21, Issue 2, May 2014 It s slightly more than one year since BC scrapped the Harmonized Sales Tax (HST) and returned to the former Provincial

More information

GST/HST Technical Information Bulletin

GST/HST Technical Information Bulletin GST/HST Technical Information Bulletin B-105 February 2011 Changes to the Definition of Financial Service NOTE: This GST/HST Technical Information Bulletin replaces the publications listed under Cancelled

More information

Insurance industry. Key tax rates and updates. www.pwc.com/ca/insurancekeytaxrates

Insurance industry. Key tax rates and updates. www.pwc.com/ca/insurancekeytaxrates www.pwc.com/ca/insurancekeytaxrates Insurance industry Key tax rates and updates Tax changes, rates, deadlines and other useful information for the insurance industry in Canada. 2014 Insurance industry:

More information

Web Version. Taxation Division, Audit Branch. Chapter 7. Department of Finance

Web Version. Taxation Division, Audit Branch. Chapter 7. Department of Finance Chapter 7 Taxation Division, Audit Branch Department of Finance 293 Executive management Carol Bellringer Mala Sachdeva Principal Susan Hay Auditors Corey Charman Gene Edwards Melanie Torre-Cabacungan

More information

TRANSITIONAL RULES FOR THE NEW BRUNSWICK HST RATE INCREASE

TRANSITIONAL RULES FOR THE NEW BRUNSWICK HST RATE INCREASE TRANSITIONAL RULES FOR THE NEW BRUNSWICK HST RATE INCREASE March 30, 2016 This Notice provides general descriptions of transitional rules for the increase in the Harmonized Sales Tax (HST) rate to 15 per

More information

University tuition fees, 2014/2015 Released at 8:30 a.m. Eastern time in The Daily, Thursday, September 11, 2014

University tuition fees, 2014/2015 Released at 8:30 a.m. Eastern time in The Daily, Thursday, September 11, 2014 University tuition fees, 2014/2015 Released at 8:30 a.m. Eastern time in The Daily, Thursday, September 11, 2014 Canadian full-time students in undergraduate programs paid 3.3% more on average in tuition

More information

Question 2: Deloitte s Response:

Question 2: Deloitte s Response: Harmonized Sale Tax (HST) Frequently Asked Questions These questions are a follow up to the webinar presentation provided by Deloitte & Touche LLP on July 22, 2010. The purpose is to provide additional

More information

March 23, 2006. The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8.

March 23, 2006. The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8. Tel: (902) 424-8915 Fax: (902) 424-0648 March 23, 2006 The Honourable Carolyn Bolivar-Getson Minister of Environment and Labour P.O. Box 697 HALIFAX, NS B3J 2T8 Dear Madam: Pursuant to the requirements

More information

CANADA 2003. 1. Overview of the system

CANADA 2003. 1. Overview of the system CANADA 2003 1. Overview of the system The system of benefits and incentives in Canada comprises a number of programs, including benefit programs and tax assistance. Some are the responsibility of the federal

More information

Operating revenue for the accounting services industry totaled $15.0 billion, up 4.8% from 2011.

Operating revenue for the accounting services industry totaled $15.0 billion, up 4.8% from 2011. Catalogue no. 63-256-X. Service bulletin Accounting Services 2012. Highlights Operating revenue for the accounting services industry totaled $15.0 billion, up 4.8% from 2011. Accounting, bookkeeping and

More information

The Deputy Minister of Community Services Harvey Brooks

The Deputy Minister of Community Services Harvey Brooks Recommendations by the: Chartered Accountants of the Yukon Certified Management Accountants of the Yukon Submitted to: The Minister of Community Services Hon. Elaine Taylor Date: March XX, 2013 The Deputy

More information

Tax facts and figures Canada 2015

Tax facts and figures Canada 2015 www.pwc.com/ca/facts Tax facts and figures Canada 2015 Canadian individual and corporate changes, rates, deadlines and a wide range of other valuable information. Key 2015 income rates individuals and

More information

Guide for Canadian Small Businesses

Guide for Canadian Small Businesses Guide for Canadian Small Businesses RC4070(E) Rev. 11 Is this guide for you? A re you starting a new small business in Canada? Are you operating one already? Then this guide is for you. It will introduce

More information

APPLICATION FOR PROFESSIONAL AND COMMERCIAL GENERAL LIABILITY INSURANCE FOR MEMBERS OF THE CANADIAN ASSOCIATION OF OPTOMETRISTS

APPLICATION FOR PROFESSIONAL AND COMMERCIAL GENERAL LIABILITY INSURANCE FOR MEMBERS OF THE CANADIAN ASSOCIATION OF OPTOMETRISTS Canadian Association of Optometrists APPLICATION FOR PROFESSIONAL AND COMMERCIAL GENERAL LIABILITY INSURANCE FOR MEMBERS OF THE CANADIAN ASSOCIATION OF OPTOMETRISTS Name of Applicant: Business/Corporation

More information

Film, Television and Video Production

Film, Television and Video Production Catalogue no. 87-010-X. Service bulletin Film, Television and Video Production 2011. Highlights The Canadian film, television and video production industry generated $3.5 billion in operating revenues

More information

Health and Safety - Are you in danger? Health and Safety Awareness. Why is health and safety awareness important?

Health and Safety - Are you in danger? Health and Safety Awareness. Why is health and safety awareness important? Health and Safety - Are you in danger? This summer, thousands of students across Canada will become employed in small and medium businesses, and in institutions such as hospitals and schools. Some will

More information

Bill C-27: First Nations Financial Transparency Act

Bill C-27: First Nations Financial Transparency Act Bill C-27: First Nations Financial Transparency Act Overview of Act Bill C-27: First Nations Financial Transparency Act was introduced in the House of Commons on November 23, 2011 and is identified as

More information

Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013.

Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013. Dear Reader: Presented herewith is the Annual Gaming Report pursuant to Section 56 of the Gaming Control Act for the year ending March 31, 2013. The Annual Gaming Report covers the activities of the Alcohol

More information

AGREEMENT ON MOBILITY OF WITHIN CANADA

AGREEMENT ON MOBILITY OF WITHIN CANADA Canadian Council of Professional Engineers OF PROFESSIONAL ENGINEERS * WITHIN CANADA * The term professional engineer is an official mark held by the Canadian Council of Professional Engineers. AMONG:

More information

Introducti ti t on o El Electricit ity and Gas R egulation Regulation i n in C anada Canada Who does what

Introducti ti t on o El Electricit ity and Gas R egulation Regulation i n in C anada Canada Who does what Introduction ti to Electricity it and Gas Regulation in Canada Who does what Topics: Division of Federal/Provincial powers Regulatory responsibilities: Electricity and Gas Electric Transmission Facilities

More information

Competitive Alternatives 2014: Special Report - Focus on Tax

Competitive Alternatives 2014: Special Report - Focus on Tax Competitive Alternatives 2014: Special Report - Focus on Tax Focus on Tax is a supplement to the 2014 Competitive Alternatives report, a global report released in March examining significant business costs

More information

BRM Programs What to Expect for the 2013 Program Year

BRM Programs What to Expect for the 2013 Program Year Growing Forward 2 is a five-year policy framework for Canada s agriculture and agri-food sector and the basis for the delivery of federal-provincial-territorial programs. Growing Forward 2 includes ongoing

More information

CMHC Mortgage Loan Insurance Overview

CMHC Mortgage Loan Insurance Overview CMHC Mortgage Loan Insurance view Mortgage loan insurance is typically required when homebuyers make a down payment of less than 2% of the purchase price. Mortgage loan insurance helps protect lenders

More information

Tax Facts. kpmg.ca/taxfacts

Tax Facts. kpmg.ca/taxfacts Tax Facts 2014 2015 kpmg.ca/taxfacts 2014 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms Organization Web Site KPMG LLP.... www.kpmg.ca

More information

MINISTRY OF SMALL BUSINESS AND REVENUE

MINISTRY OF SMALL BUSINESS AND REVENUE The ministry's mission is to promote small business growth by working in partnership with British Columbians; to streamline and simplify the regulatory system to stimulate business growth and investment,

More information

Ministry of Finance. Plan for 2015-16. saskatchewan.ca

Ministry of Finance. Plan for 2015-16. saskatchewan.ca Ministry of Finance Plan for 2015-16 saskatchewan.ca Statement from the Minister I am pleased to present the Ministry of Finance Plan for 2015-16. Government s Direction and Budget for 2015-16 is focused

More information

National Instrument Definitions. (3) In a national instrument or multilateral instrument

National Instrument Definitions. (3) In a national instrument or multilateral instrument PART 1 DEFINITIONS AND INTERPRETATION 1.1 and Interpretation (1) Every term that is defined or interpreted in the statute of the local jurisdiction referred to in Appendix B, the definition or interpretation

More information

Control and sale of alcoholic beverages, for the year ending March 31, 2012 Released at 8:30 a.m. Eastern time in The Daily, Thursday, April 11, 2013

Control and sale of alcoholic beverages, for the year ending March 31, 2012 Released at 8:30 a.m. Eastern time in The Daily, Thursday, April 11, 2013 Control and sale of alcoholic beverages, for the year ending March 31, 2012 Released at 8:30 a.m. Eastern time in The Daily, Thursday, April 11, 2013 Beer and liquor stores and agencies sold $20.9 billion

More information

Summary Document. A Discussion Paper. on New Brunswick s Tax System. June 2008. Department of Finance

Summary Document. A Discussion Paper. on New Brunswick s Tax System. June 2008. Department of Finance Summary Document A Discussion Paper on New Brunswick s Tax System June 2008 Department of Finance Summary Document A Discussion Paper on New Brunswick s Tax System 2008.06 Province of New Brunswick PO

More information

DOING BUSINESS IN CANADA

DOING BUSINESS IN CANADA DOING BUSINESS IN CANADA CONTENTS 1 Introduction 3 2 Business environment 4 3 Foreign Investment 7 4 Setting up a Business 9 5 Labour 13 6 Taxation 16 7 Accounting & reporting 29 8 UHY Representation in

More information

Policy in Focus SUMMARY. Maytree. Featured Research. Fix Employment Insurance to support the temporarily unemployed. Background and Context...

Policy in Focus SUMMARY. Maytree. Featured Research. Fix Employment Insurance to support the temporarily unemployed. Background and Context... The Maytree Foundation Maytree Policy in Focus issue 2 Dec 07 Background and Context...2 Employment Insurance Doesn t Insure Many Canadians Featured Research...4 Towards a New Architecture Canada s Adult

More information

Tax Implications of Doing Business in Canada:

Tax Implications of Doing Business in Canada: Tax Implications of Doing Business in Canada: Risk and Recovery Presenters: Clyde Seymour, C.A., MAcc Tax Director Canada Sheila Wisner, C.A. Canadian Sales Tax Subject Matter Expert General Information

More information

MEMBER RETIREMENT INCOME OPTIONS Achieve Your Retirement Dreams

MEMBER RETIREMENT INCOME OPTIONS Achieve Your Retirement Dreams MEMBER RETIREMENT INCOME OPTIONS Achieve Your Retirement Dreams Achieve Your Retirement Dreams With a Registered Retirement Income Fund (RRIF) Wise Ways to Make the Most of Your Money Now that you re getting

More information

Doing Business in Canada GST/HST Information for Non-Residents

Doing Business in Canada GST/HST Information for Non-Residents Doing Business in Canada GST/HST Information for Non-Residents RC4027(E) Rev.10 Is this guide for you? T his guide explains how the Canadian goods and services tax/harmonized sales tax (GST/HST) applies

More information

How the practice of medicine is regulated in Canada

How the practice of medicine is regulated in Canada Regulatory Bodies The federal government s authority over health care is limited to issues concerning spending, criminal law, patent regulation, aboriginal health services, and matters relating to the

More information

Annual Income Estimates for Census Families and Individuals (T1 Family File) Family Data. - User's Guide -

Annual Income Estimates for Census Families and Individuals (T1 Family File) Family Data. - User's Guide - Annual Income Estimates for Census Families and Individuals (T1 Family File) Family Data - User's Guide - Statistics Canada 13C0016 Income Statistics Division Statistics Canada income@statcan.gc.ca June

More information

2008-11 BUSINESS PLAN

2008-11 BUSINESS PLAN 2008-11 BUSINESS PLAN FIRE AND EMERGENCY SERVICES - NEWFOUNDLAND AND LABRADOR MESSAGE FROM THE MINISTER As Minister responsible for Fire and Emergency Services Newfoundland and Labrador (FES-NL), I am

More information

Alcohol: A conversation. A comprehensive approach for schools. Social Studies Lesson 3 The intersection between personal and public decision-making

Alcohol: A conversation. A comprehensive approach for schools. Social Studies Lesson 3 The intersection between personal and public decision-making Social Studies Lesson 3 The intersection between personal and public decision-making Description This lesson seeks to guide students to think critically about an issue that may concern them in the near

More information

Country Tax Guide.

Country Tax Guide. Country Tax Guide www.bakertillyinternational.com Country Tax Guide Germany Corporate Income Taxes Resident companies, defined as companies which are legally constituted in Germany, or which are legally

More information

AUTOMOBILE EXPENSES & RECORDKEEPING

AUTOMOBILE EXPENSES & RECORDKEEPING February 2015 CONTENTS Who should keep records? Expenses to track Deductible expenses Keeping a kilometre log Business vs. personal Other motor vehicles The standby charge GST/HST and QST considerations

More information

Doing Business in Canada

Doing Business in Canada Doing Business in Canada www.bakertillyinternational.com Contents 1 Fact Sheet 2 2 Business Entities and Accounting 4 2.1 Corporations 4 2.2 Unlimited Liability Corporations (ULCs) 4 2.3 Partnerships

More information

Making the Most of Your Charitable Gifts for 2015

Making the Most of Your Charitable Gifts for 2015 Making the Most of Your Charitable Gifts for 2015 January 30, 2015 No. 2015-07 Canada s tax incentives for charitable donations are designed to make it easier for you to support your favourite charities.

More information

Tax Benefits of SR&ED CONTENTS

Tax Benefits of SR&ED CONTENTS June 2011 CONTENTS What is? What are the Tax Incentives? How Much Does Cost You? How Do You Apply for Incentives? Will Your Claim be Reviewed by the CRA? Other Matters Planning to Maximize Your Claim Provincial

More information

Fall 2014 UPDATE ON QUÉBEC S ECONOMIC AND FINANCIAL SITUATION

Fall 2014 UPDATE ON QUÉBEC S ECONOMIC AND FINANCIAL SITUATION Fall 2014 UPDATE ON QUÉBEC S ECONOMIC AND FINANCIAL SITUATION Fall 2014 UPDATE ON QUÉBEC S ECONOMIC AND FINANCIAL SITUATION Update on Québec's economic and financial situation Fall 2014 Legal deposit December

More information

Child Care Human Resources Sector Council

Child Care Human Resources Sector Council Child Care Wages and a Quality Child Care System Child Care Human Resources Sector Council Prepared for the Child Care Human Resources Sector Council Authors: Jane Beach & Bozica Costigliola 2 Child Care

More information

CANADA SUMMER JOBS 2016. Creating Jobs, Strengthening Communities. Applicant Guide

CANADA SUMMER JOBS 2016. Creating Jobs, Strengthening Communities. Applicant Guide CANADA SUMMER JOBS 2016 Creating Jobs, Strengthening Communities Applicant Guide Table of Contents 1.0 Purpose... 3 2.0 Introduction... 3 2.1 Objectives... 3 2.2 Assessment Criteria... 3 2.3 Application

More information

Canada Revenue Agency. Report on Plans and Priorities

Canada Revenue Agency. Report on Plans and Priorities Canada Revenue Agency 2013 14 Report on Plans and Priorities Mission To administer tax, benefits, and related programs, and ensure compliance on behalf of governments across Canada, thereby contributing

More information