- The FES proposes to remove the GST/HST from psychotherapists’ and counseling therapists’ services.
- Participants in a joint venture can make an election to have one participant responsible for accounting for GST/HST on all purchases and sales. The proposed new joint venture election rules would require that all or substantially all of the joint venture activities be commercial activities and all electing participants be GST/HST registrants. The proposed rules also include measures for tax accounting and determining net tax obligations within a joint venture. The Department of Finance has released draft legislative proposals for public consultation, with the new rules expected to take effect upon receiving Royal Assent. Feedback on coming-into-force and transitional considerations is invited until March 15, 2024.
Source EY
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