CPA Canada Commodity Tax Committee response to Finance Canada’s modifications to FI rules for HST

Learn about the feedback the Chartered Professional Accountants of Canada (CPA Canada) Commodity Tax Committee (CTC) has provided to the federal government about the modifications it plans to make to the proposed financial institutions (FI) rules for the harmonized sales tax (HST).

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The CPA Canada CTC has weighed in on Finance Canada’s January 28, 2011 backgrounder outlining improvements it wants to make to the changes proposed to the HST rules governing FIs that relate to calculating the provincial component of the HST. In this April 6, 2011 letter, the committee provides its insights on how Finance Canada can streamline the draft rules and better deal with matters requiring further attention.