As with other value-added taxes, the GST/HST is an invoice-driven tax. Subsection 168(1)[1], for example, states that tax is generally payable on the earlier of when the consideration for the supply is paid and when it becomes due, the latter of which generally falls on the invoice date. To read more, click here.
Source McCarthy Tétrault
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
