Planning and Recovery Opportunities for Public Sector Bodies |
 | The rules governing compliance and recovery of GST/HST for public sector bodies (PSBs) are among the most complex in the Excise Tax Act and are often misunderstood or misapplied by PSBs and the CRA alike. Considering that few PSBs have the luxury of having a person dedicated to sales tax matters, they are often not able to commit the attention necessary to ensure that they structure their affairs to maximize recoverable GST/HST. In this session, it is assumed that the audience has a basic understanding of the tax status of supplies made by PSBs and their entitlement to claim rebates and ITCs. The session focuses upon complex structuring opportunities to maximize the recoveries, such as the conversion to or from a charity and methods of allocating between rebate rates and ITCs for qualifying PSBs engaged in multiple activities. After this session, you will be able to readily identify situations where your organization or your PSB clients may incur more unrecoverable GST/HST than necessary and you will be able to provide them with the value added solutions that they expect from you. |
2008 Commodity Tax Symposium, September 22-24, 2008, Ottawa, ON Audio synchronized to PowerPoint presentation: 26 slides, length 1:00:05 Technical Paper: 24 pages |
