However, the judge noted that even though the original APS was prepared by the defendant purchaser, the plaintiff vendor made several counter-offers and had the opportunity to change the terms of the agreement but failed to do so. Back to What's Trending. Your firm is operating at the highest standards possible in our profession. If you have any questions with respect to the matters discussed above, please contact Jonathan Born at jborn wildlaw.
This update is intended as a summary only and should not be regarded or relied upon as advice to any specific client or regarding any specific situation. If you would like further information regarding the issues discussed in this update or if you wish to discuss any aspect of this commentary, please feel free to contact us.
Legal Updates. For a Purchaser: if intending to claim ITCs, ensure that the purchaser entity is an HST registrant as of the date the supply is made i. Conclusion The application of HST to real property transactions is highly technical and fact specific.
Subscribe to Wildeboer Dellelce's Legal Updates. For example, what is HST? This HST, or harmonized sales tax, is a sales tax applied in certain provinces. So, how do you know which taxation applies to your business? The exact amount of HST differs depending on which of the five provinces your business operates. When figuring your revenue, you must include your sales worldwide, even those considered zero-rated, as well as the sales of any companies or other agents who sell on your behalf.
What if your business operates in Prince Edward Island and sells a product online to a customer in Ontario? Sales from your business to a territory such as Manitoba are different still, as Manitoba has a retail sales tax RST.
Keeping track of your sales and where they occur is crucial when filing your return with the CRA.
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