Did you know there are different ITC rules for Capital Properties versus Operating Expenses?
Are you aware that ITC eligibility could be as much as 100% or as little as 0%?
Did you realize that this can change over time?
If you would like to learn more,you should attend CRA’s GST/HST Presentation. You will hear directly from CRA’s GST/HST Directorate Headquarters employee who has 35 years experience working in GST/HST programs. The Presentation will review some of the most important GST/HST issues concerning ITCs for Capital Properties and Operating Expenses, to help you better manage your organization’s GST/HST entitlements.
LEARNING OBJECTIVES:
- Recognize the key GST issues for Capital Properties
- Know when to claim ITCs correctly under differing circumstances
- Understand and apply the correct rules for claiming ITCs over time
- Identify and reduce common GST mistakes
TOPICS INCLUDE:
- Definitions
- Operating expenses
- Acquisition rules
- Improvement rules
- Changes-in-use rules
WHO WILL BENEFIT:
This Presentation is designed for various types of organizations. It is intended for all individuals who may be involved with the entity’s GST/HST. We will cover the Capital Property GST/HST rules, from initial purchase to various changes as they occur over time. You will hear about maximizing your GST/HST recoveries and about how to avoid some of the common mistakes which can result in costly errors and future non-compliance.
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)