- Companies moving goods in Canada may miss tax recovery opportunities related to freight and logistics.
- US companies often assume freight is tax-exempt, leading to unrecovered input tax credits in Canada.
- GST is applied to goods shipped into Canada, and companies can claim refunds if conditions are met.
- Domestic freight movements within Canada also include GST or HST, often overlooked by US-based teams.
- Common issues include lack of tax visibility, system errors, and misunderstanding of Canadian tax rules.
- Centralized US freight operations often miss Canadian tax details, leading to significant financial losses.
- DMA helps companies recover missed freight-related GST/HST through detailed reviews and analysis.
Source: dmainc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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