GST/HST course

Acquire a broad overview of GST/HST-related topics, including useful tips and common traps.

Event Details

Location and date:
Online On-Demand Event

With this course, you can build on your knowledge of GST/HST-related topics, starting with the basics and moving toward more complex subjects.

This course provides you with a broad overview of GST/HST-related topics in a manner that is easy to read, highlighting useful tips and common traps. The 14 modules are presented in an ordered sequence to allow you to build your knowledge, starting with the basics and moving toward more complex subjects.

This course is based on the Income Tax effective as of April 21, 2016, and incorporates pending legislation announced up to and including that date.

The time to complete each module will depend on your interest in a particular topic and the time you take to contemplate the material and apply it to personal industry experiences.

During a GST/HST audit, transactions occurring during the transitional period of a rate change may be reviewed by the auditor. Some of those transition periods discussions are:

MAJOR DEVELOPMENTS:

  • As a result of a public referendum in British Columbia, the 12 per cent HST was discarded on April 1, 2013, and the 7 per cent Provincial Sales Tax (PST) was resurrected, accompanied by the 5 per cent GST (included as Appendix H).
  • Prince Edward Island introduced harmonization at a rate of 14 per cent on April 1, 2013 (included as Appendix I).
  • In 2012, Quebec announced it was going to harmonize with the federal system on January 1, 2013. However, Quebec is not an HST province but it did harmonize the QST rules so they are similar to the GST and HST rules.
  • Nova Scotia was expected to reduce its current 1 per cent HST rate over a two-year period commencing July 1, 2014 but the province announced, in its 2014 Budget, that it was not going to proceed with the HST rate reduction.
  • Module 12, which discusses the transition rules for the New Brunswick HST rate increase for July 1, 2016.

It is very important that you understand the terminology unique to the GST/HST. The everyday meaning of many words and phrases have been enhanced for GST/HST interpretative purposes, and you are encouraged to learn and use the definitions contained in the Excise Tax Act (ETA), subsection 123(1), and in regulations pertaining to the GST/HST (see Appendix A). Appendix A contains topic-specific definitions that relate to particular modules.

View Course Outline

Additional options and pricing may be available. See pricing and registration for more details.



$399.00

12 CPD hour(s)
Pricing & registration

You will learn about:

  • how to identify who pays the GST/HST
  • the three types of supplies (taxable, zero-rated, and exempt) and their significance
  • who is required to register and who can voluntarily register
  • a registrant’s responsibility to collect tax
  • the difference between the GST and HST place-of-supply rules
  • some import and export issues
  • numerous complexities and common exposures related to tax recovery

More Details:

Session Descriptions

Module 1
The GST/HST model

Module 2
Registration

Module 3
GST/HST collection issues

Module 4
Place-of-supply rules

Module 5
Imports and exports

Module 6
Recovery

Quiz 1

Module 7
Temporary recaptured input tax credits for large businesses

Module 8
Employee reimbursements and allowances

Module 9
Administrative issues

Module 10
Other issues

Module 11
Public services bodies

Module 12
New Brunswick HST rate increase transitional rules

Module 13
Newfoundland HST rate increase transitional rules

Module 14
Quebec sales tax overview

Quiz 2

Appendix A — Definitions

Appendix B — Zero-rated supplies — Financial services

Appendix C — Exempt supplies — Health care services

Appendix D — Exempt suppliers — Educational services

Appendix E — Exempt supplies — Child and personal care services

Appendix F — B-069, GST tax treatment of imports by exporters of processing services

Appendix G — B-003, Cash registers

Appendix H — British Columbia return to the Provincial Sales Tax

Appendix I — Prince Edward Island HST implementation

Appendix J — RC4125 – Basic GST/HST information for taxi and limousine drivers

Speakers/Presenters

Contacts

Please contact:

CPA Canada Professional Learning and Development Customer Service
Tel: 1-888-337-3242
Email: pld@cpacanada.ca