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Apr 19, 2021 · New rules for digital economy businesses are in effect as of July 1, 2021. As of July 1, 2021, digital economy businesses, including digital platform operators, may have potential goods and services tax/harmonized sales tax (GST/HST) obligations under three measures that were announced in the Fall Economic Statement 2020 by the Government of ...
New rules for digital economy businesses are in effect as of July 1, 2021. Administration and compliance approach The Government of Canada announced in the April 19, 2021 Federal Budget that the Canada Revenue Agency (CRA) will work closely with businesses and platform operators to assist them in meeting their obligations.
Taxable supplies that are made in Canada are subject to the GST at a rate of 5%, or the HST at the harmonized rate if they are made in a participating province. The current rates of tax are: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon. 13% (HST) in Ontario.
the payment between the supplier and recipient in any way. Effective July 1, 2021, DPOs will be required to register for GST/HST and must collect GST/HST on sales o. goods that ar. located in fulfillment warehouses in Canada. They must alsocollect GST/HST on sales made by non-registered vendors through their platform when those goods.
The proposed rules would require such vendors and digital platform operators (with sales over $30,000 over a 12-month period) to register for GST/HST under the normal regime and collect and remit GST/HST on sales to Canadians of goods located in Canadian fulfillment warehouses. Digital platform operators will be required to file an annual ...
Jun 16, 2021 · CPA Canada submitted to the federal government in early February 2021 highlighting legislative and administrative issues. Which the Department of Finance Canada (Finance) and the CRA should address. Although CPA Canada supports extending the GST/HST to digital platforms and foreign suppliers, they do have concerns about the changes proposed.
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Dec 7, 2020 · GST/HST on cross-border digital products and cross-border services ─ foreign-based digital businesses (that are not required to register under the current GST/HST rules) that supply digital products and services to consumers in Canada will generally be required to register for and collect GST/HST under a new simplified GST/HST regime starting July 1, 2021
