On 30 November 2020, the Canadian Government tabled Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020. The Fall Economic Statement (FES) contains significant Goods and Services Tax (GST)/Harmonized Sales Tax (HST) proposals, including measures designed to ensure that GST/HST applies fairly and effectively in the context of an increasingly digital economy. Specifically, nonresident vendors supplying digital products and services to consumers in Canada would be required to register for, collect and remit GST/HST with respect to their taxable supplies to Canadian consumers. Similar requirements would apply to supplies of short-term accommodation made through digital accommodation platforms, as well as to goods supplied through fulfillment warehouses. In addition, the supply of certain face masks and face shields will be zero-rated for GST/HST purposes. The FES contains draft legislative amendments to the Excise Tax Act (Canada) to implement these proposals.
Source
Latest Posts in "Canada"
- Canada to Repeal Underused Housing Tax and Adjust Luxury Tax on Aircraft and Vessels
- GST on Food & Drinks: Navigating the Fine Line Between Zero-Rated and Taxable Products
- GST and HST Rates in Canada: What Businesses and Consumers Need to Know
- CBSA Increases Container Inspections: What Importers Should Expect and How to Minimize Delays
- No GST/HST on Tobacco Resold by Exempt Taxpayer to Status Indians, FCA Confirms
