- Bill C-47 includes various indirect tax and customs measures, such as specifying that cryptoasset mining is generally not considered a supply for GST/HST purposes, allowing a pension entity to claim the pension entity rebate or an ITC in specific circumstances, excluding payment card clearing services from the definition of “financial service” for GST/HST purposes,
- providing GST/HST relief for the international transportation of money,
- temporarily capping the inflation adjustment for excise duties on alcohol, increasing the air travellers security charge, amending various acts to implement changes to electronic filing, payment and correspondence requirements,
- extending the expiry date of the general preferential tariff and least developed country tariff,
- removing Belarus and Russia from the list of countries entitled to the most-favored nation tariff treatment, and
- generally allowing a person arriving in Canada to present themselves to the Canada Border Services Agency by a means of telecommunication.
- However, it excludes several outstanding indirect tax proposals introduced on 9 August 2022.
Source EY
