Are you aware of the types of cost sharing arrangements?
Do you know different arrangements have different GST/HST rules?
If you would like to learn more, you should attend this Canada Revenue Agency (CRA) GST/HST Presentation. You will hear directly from CRA’s Headquarters employee who has 35 years experience in GST/HST Programs. The Presentation will identify and discuss how cost sharing can affect an organization’s GST/HST. We will introduce concepts of cost sharing arrangements, focusing on entitlements and obligations of Agency, to help better manage the resulting GST/HST impacts.
LEARNING OBJECTIVES:
- Recognize cost sharing issues
- Understand how to correctly account for GST/HST when sharing costs or projects
- Apply correct GST/HST rules to ensure accurate accounting for GST/HST
- Learn to accurately claim only eligible GST/HST when cost sharing with another entity
TOPICS INCLUDE:
- Different arrangements
- Application
- Impacts
- Examples
- Reference Materials
WHO WILL BENEFIT:
This Presentation is designed for all individuals who may be involved with the organization’s GST/HST and for Tax Practitioners. You will hear about how sharing costs on projects or programs with one or more other entities can impact GST/HST obligations and entitlements. You will learn about what GST/HST issues should be considered when entering into a cost sharing arrangement, and how to avoid common mistakes which can result in future non-compliance or missed claims.
Michael Monk has been with Canada Revenue Agency (CRA) for 35 years, working extensively with GST/HST. His current role in CRA’s Ottawa Headquarters (HQ) is with the HQ - GST/HST and Digital Compliance Directorate where he has managed CRA’s National GST/HST Presentations and Outreach services for the last nine years.
Michael was a Team Leader and Senior Technical Interpretations Analyst for 12 years in GST/HST Rulings, Legislative Policy and Regulatory Affairs Branch, and spent additional years in other GST/HST roles within the Compliance Programs Branch. Michael also worked as a CRA Facilitator over a 20-year period developing training courses and facilitating GST/HST Legislation and Audit Courses to CRA staff.
Series Registration $50 (8 sessions)