Did you know that some grants and other payments might attract GST/HST?
Do you know when someone must charge and collect GST/HST on such payments?
If you would like to learn more about these issues, you should attend this Canada Revenue Agency (CRA) GST/HST Presentation. You will hear directly from CRA’s GST/HST Headquarters representative who has 35 years experience in GST/HST Programs. The Presentation will identify and discuss how grants and other transfer payments can affect an organization’s GST/HST. We will introduce some of the concepts, plus review the potential GST/HST obligations that can result when an entity receives a transfer payment.
LEARNING OBJECTIVES:
- Recognize transfer payment issues
- Understand when a transfer payment might be subject to GST/HST
- Apply correct GST/HST rules to ensure accurate accounting for GST/HST
- Learn about how transfer payments you make to others can affect them
TOPICS INCLUDE:
- Terms and definitions
- Application
- Impacts
- Examples
- Reference Materials
WHO WILL BENEFIT:
This Presentation is designed for various types of organizations and Tax Practitioners. It will be of benefit to any individuals who may be involved with an organization’s GST/HST. You will hear about how transfer payments received can impact potential GST/HST obligations. You will learn about what GST/HST issues you should consider when an entity is in receipt of such payments, and how to avoid mistakes which could result in unexpected GST/HST amounts owing 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)