Tax Alert – Canada

Tax Alerts cover significant tax news, developments and changes in legislation that affect Canadian businesses.
 

GST/HST: scrutiny of noncompliant purchase invoices
No. 24, 16 May 2013

The Court of Justice of the European Union has ruled that national tax authorities are entitled to deny a credit for input tax where the purchase invoice lacks required information, even when the missing information is obtained after the VAT audit. This is an area facing increasing scrutiny by the Canada Revenue Agency (CRA) and Revenu Québec when audits are conducted.
 

HST: Finance releases final SLFI regulations
No. 23, 14 May 2013

On 8 May 2013, the Regulations Amending Various GST/HST Regulations, No. 4 were published in the Canada Gazette. Included among the amendments was the final version of the Selected Listed Financial Institutions Attribution Method (GST/HST) Regulations made under the Excise Tax Act.
 

CRA announces measures to counter international tax evasion and aggressive tax avoidance
No. 22, 13 May 2013

On 8 May 2013, National Revenue Minister Gail Shea announced a number of measures aimed at addressing international tax evasion and avoidance.
 

Quebec revises its mining tax regime
No. 21, 9 May 2013

On 6 May 2013, the ministère des Finances du Québec tabled proposals to significantly overhaul the province’s mining tax regime.
 

Ontario budget 2013–14
No. 20, 2 May 2013

Finance Minister Charles Sousa tabled Ontario's fiscal 2013–14 budget on 2 May 2013.